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DRIVE
Winter
2016
PROGRAM
MASTER
OF BUSINESS ADMINISTRATION- MBA
SUBJECT
CODE & NAME
IB0016/SC0006/IB0019
– INTERNATIONAL LOGISTICS & DISTRIBUTION MANAGEMENT
Q.1:
Write a note on the difference between national and international logistics.
Comparison
of National and international logistics
ANS:
Comparison
of National and international logistics:
Today, business communities focus on
expanding their market across the globe. However, companies have to realise
that trading overseas requires higher operational standards at all levels of
the supply chain. They must be
Q.2:
Explain the term trade blocs and list out the various advantages and
disadvantages of trade blocs.
Trade
blocs
Advantages
Disadvantages
ANS:
Trade
blocs:
Trading blocs are economic relationships
built between countries of a region. This is formed to encourage and develop
the trade between the member nations. It encourages regionalism where, the
neighbouring countries form an alliance for expanding their trade and
relationship. Trade blocs boost regional trade and
Q3.
Distinguish between time charter and voyage charter.
Time
Charter
Voyage
Charter
Answer:
Under time
charter, ship owner rents the vessel to the second party for a specific period
of time. In time charter arrangement, ship-owner has the responsibility to
control and manage the ship. Here, the ship-owner pays the expenses of
officers, crew, insurance, food, etc. Whereas, the charterer needs to spend the
expenses related to fuel and cargo.
Time charter
Q.4:
Discuss about air cargo documentation.
Explanation
of the concept
ANS:
Explanation
of the concept
Air traffic cargo movement is much
faster than the sea shipments. Therefore, documents such as invoices, packing
lists are attached to the consignee’s copy along with the set air waybill.
These documents generally are carried along with the cargo and only in certain
situations documents related to banking transactions
Q.5:
Explain the various functions of outbound logistics.
Demand
forecast
Order
management
Packaging
Labelling
Documentation
ANS:
Demand
forecast:
Demand forecasting is the process of
predicting or estimating the customer demand based on which the products are
manufactured and distributed. The marketing team and principal overseas
distributors of
Q.6:
Explain some of the frictions and frauds observed in the distribution channel.
Friction
or Fraud in the Distribution Channel
ANS:
Friction
or Fraud in the Distribution Channel
Till now we have studied the various
positive forces and activities that help in coordinating the movement of
products to the buyers. However, most of the exporters continuously examine the
long links of overseas distribution channel searching for some of the
susceptible spots where the goods
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