ib0014 smu mba winter 2016 (april/may 2017 exam) IVth sem assignment

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PROGRAM

CERTIFICATE IN EXPORT IMPORT MANAGEMENT

SEMESTER

FOURTH

SUBJECT CODE & NAME

CERTIFICATE IN EXPORT IMPORT MANAGEMENT IB SPECIALIZATION

Qus:1 List out the various export promotion schemes currently available to exporters. Explain MDA in detail.

Answer: The following are special focus initiatives offered by government for agricuture exports in the Policy 2009-2014:

1. Agriculture and village industry

2. Vishesh Krishi and Gram Udyog Yojana

3. Captial goods

Qus:2 Explain the functions of cushioning materials in packaging. Explain the packaging of the following items for export: a. Shrimps b. Spices c. Tea

Answer: Shock protection requirements are the first consideration in selecting cushioning materials. Sufficient cushioning materials should be used to dissipate the shock which may be transmitted through the blocking of the product. Protection against impact or vibration d a m a g e s requires that the fragile article be surrounded by a predetermined thickness of cushioning

Qus:3 What are Incoterms? Explain three Major Incoterms.

Answer: Incoterms--which is an abbreviation for International Commercial terms--are a series of sales terms.

They are published by the International Chamber of Commerce (ICC) and are widely used in commercial transactions. In addition to providing a set of rules for the interpretation of commonly used trade

Qus:4 What is EXIM BANK of INDIA? What are the services offered by EXIM BANK of India?

Answer: Export–Import Bank of India is the premier export finance institution in India, established in 1982 under Export-Import Bank of India Act 1981. Since its inception, Exim Bank of India has been both a catalyst and a key player in the promotion of cross border trade and investment. Commencing operations as a purveyor of export credit, like other export credit agencies in the world, Exim Bank India has, over the period, evolved into an institution that plays a major

Qus:5 What is Bill of Lading? Discuss the different types of Bill of lading.

Answer: A bill of lading (sometimes abbreviated as B/L or BoL) is a document issued by a carrier (or his agent) to acknowledge receipt of cargo for shipment. In British English the term relates to ship transport only, and in American English to any type of transportation of goods.[citation

Qus:6 You are an Engineering tool products exporter. A prospective overseas client has shown interest in your products. Write a letter making a firm offer mentioning all relevant facts regarding product features, payment terms, transport details, insurance, delivery schedules, packaging etc.,? Assume all relevant details about the product and the client.

Answer:

LETTER

1^st December 2016

Mr. ABC

XYZ Shop

USA

                        Dear Sir,

                         

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om0013 smu mba winter 2016 (april/may 2017 exam) IIIrd sem assignment

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DRIVE

Winter 2016

PROGRAM

MBA

SEMESTER

III

SUBJECT CODE & NAME

OM 0013 – ADVANCED PRODUCTION AND OPERATIONS MANAGEMENT

1 Differentiate between the concept of production management and operations management.

A

 Concept of production management.

 Concept of operations management.

 Difference between production management and operations management

Answer:

Production management and operations management are management jargon that needs to be simplified for those who are sitting on the fence or those inside an organization unable to comprehend them clearly. Sometimes it becomes confusing to be talking about production management inside operations

2 Explain the meaning and characteristics of a product.

Meaning of a Product

Characteristics of a Product

Answer: Product is one of the important elements of marketing mix. A marketer can satisfy consumer needs and wants through product. A product consists of both good and service. Decisions on all other elements of marketing mix depend on product. For example, price is set for the product; promotional efforts are directed to sell the product; and distribution network

3 Define the Process of Production Planning and Control

Process of Production Planning and Control

Answer: Process of Production Planning and Control

Planning phase: Planning is considered an efficient forecasting tool, which states how the objectives can be achieved and how a particular requirement can be fulfilled in the future. It has two

4 What do you understand by the term ‘inventory’? Explain various types of inventories.

Meaning of Inventory

Types of Inventories

Answer: Inventory is an idle stock of physical goods that contain economic value, and are held in various forms by an organization in its custody awaiting packing, processing, transformation, use or sale in a future point of time.

Any

5 Explain the Process of Quality Control.

Process of Quality Control

Answer: Process of quality control

1. Controlling engineering quality: It refers to the first step of quality control, in which product specifications are developed. This step involves various sub-steps, which are as follows:

a. Evaluating customer requirements to have a clear understanding of product quality objectives

6 Write short notes on the following:

a. Alfred Weber’s theory of industrial location

b. Influence of government on industry location

c. Objectives of an effective plant layout

d. Factors affecting a plant layout

Answer: Alfred Weber’s theory of industrial location

Alfred Weber, a German economist, attempted to analyse the factors that influence industrial location. Before Weber, another German economist Launhardt gave the simple principle of industrial location based on minimum transport cost. Weber followed Launhardt's principle in his theory

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·          

om0012 smu mba winter 2016 (april/may 2017 exam) IIIrd sem assignment

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DRIVE Winter 2016

PROGRAM MBADS (SEM 3/SEM 5)

MBAFLEX/ MBA (SEM 3)

PGDOMN (SEM 1)

SUBJECT CODE & NAME OM0012 SUPPLY CHAIN MANAGEMENT

1 Explain the different modes of transportation.

Explanation of the concepts

Answer: Modes of Transportation

The movement of goods from one place to another within a supply chain is known as transportation. It starts from the beginning of a supply chain and ends when the product reaches the hands of the customer. With the increasing globalisation in supply chain and growth of e-commerce, the importance of transportation has grown tremendously. This is because the supply of

2 What is risk pooling? Why is it important in supply chain management? List the four main types of risk pooling.

Answer: Risk pooling enables accurate demand forecasting. Let us now discuss the concept of risk pooling. Risk pool is a term used in risk management, mostly in insurance companies. Under this system, insurance companies come together to form a pool, which can provide protection to

3 Explain the different types of purchases in portfolio analysis.

Explanation of the concepts

Answer: Portfolio analysis classifies purchases into four categories. They are as follows:

Routine commodity – Routine commodity includes many standard items with low price. For example, stationery, food items, fuel and so on are the routine commodities. These commodities are readily available in the market. Many suppliers compete in the market by offering the lowest possible prices for these commodities. The routine commodities have many purchases

4 Describe the reasons for bullwhip effect and explain the methods to decrease bullwhip effect.

Reasons

Methods to decrease

Answer: Reasons for bullwhip effect

Demand forecasting – We define demand forecasting as the process of estimating the future demand of products or services. The decision makers in the supply chain are responsible for creating a demand forecast. The upstream member in the supply chain needs to readjust the demand

5 Explain the concept 3PL? What are the advantages and disadvantages of using 3PL?

Explanation of 3 PL

Advantages and Disadvantages

Answer: Third-party logistics (3PL) is the use of an external company to perform few or all of a company’s logistics management and product distribution functions. 3PL is a true strategic alliance because it involves complex relationships that are not included in a traditional logistics – supplier relationship. Modern 3PL provides continuous services and involves long-term commitment, process management, and multiple functions. Modern 3PL are more

6 Explain the framework and impacts of integrating IT with SCM?

Framework

Impacts

Answer: Framework for IT integrated SCM

·         Knowledge and IT management – It includes IT training and education, investment in capital knowledge, e-training, e-learning, multimedia, cross-functional training, group wares.

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om0011 smu mba winter 2016 (april/may 2017 exam) IIIrd sem assignment

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DRIVE

Winter 2016

PROGRAM

MASTER OF BUSINESS ADMINISTRATION (MBA)

SEMESTER

III

SUBJECT CODE & NAME

OM0011- ENTERPRISE RESOURCE PLANNING

1. Define Enterprise Resource Planning (ERP). Briefly explain the major benefits of an ERP system.

Define ERP

Explain any 8 major benefits of an ERP system

Answer: “ERP is a packaged business software system that enables a company to manage the efficient and effective use of resources (materials, human resources, finance, etc.) by providing a total, integrated solution for the organisation’s information-processing needs”

2. Write short notes on the following:

a. Decision Support System (DSS)

b. Executive Information System (EIS)

c. Customer Relationship Management (CRM)

d. Management Information System (MIS)

Answer: Decision Support System

DSS is an interactive information system that provides substantial support to managers while taking critical business decisions. It is a computerised information system that is capable of performing logical data analysis and testing hypothesis. Some of the popular definitions of DSS are as follows: According to Hicks, “DSS is an integrated set of computer tools that allow a decision-maker

3. Explain the different phases of an ERP implementation life cycle.

Explain 11 phases of an ERP implementation life cycle

Answer: ERP Implementation Lifecycle

Pre-evaluation screening

Pre-evaluation screening is the first phase of the ERP implementation lifecycle. It includes examining all the available ERP systems. Among these systems, those that are able to meet the

4. Explain the role of manufacturing and production planning module of an ERP system. Briefly explain the sub-modules of the manufacturing module.

Explain the role of manufacturing and production planning module of an ERP system

Explain any 8 sub-modules of the manufacturing module

Answer: The manufacturing and production planning module of an ERP system helps an organisation plan and perform its production activities effectively by providing accurate and timely information. Some of these activities include MRP, shop-floor control, inventory management

5. Explain the role of ERP in sales and distribution.

Briefly explain the sub-modules of the sales and distribution module.

Explain the role of ERP in sales and distribution

Briefly explain the sub-modules of the sales and distribution module

Answer: An organisation generates revenue by selling its products and services. These products and services

6. Define the role of vendors and consultants in ERP implementation.

Define vendor and role of vendors in ERP implementation

Define consultant and the role of consultants in ERP implementation

Answer: Role of a vendor

A vendor provides ERP systems to client organisations as per their requirements at a mutually agreed price. Generally, a contractual agreement is signed between a vendor and a client organisation

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om0010 smu mba winter 2016 (april/may 2017 exam) IIIrd sem assignment

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DRIVE

Winter 2016

PROGRAM

MBA

SEMESTER

III

SUBJECT CODE & NAME

OM 0010 - OPERATIONS MANAGEMENT

1 Explain the concept of operation management. What are the elements of operations management?

A

 Concept of Operations Management

 Elements of Operations Management

Answer:

Operations management is defined as that activity whereby resources, flowing within a defined system, are combined and transformed in a controlled manner to add value in accordance with policies

2 Explain the concept of forecasting. Also Elaborate the steps involved in the forecasting process.

a. Concept of forecasting

b. Forecasting Process

Answer: Concept of Forecasting

You can define forecasting as a mechanism that is widely used in organisations. It is a planning tool that helps organisation to cope with future uncertainties by using the past and present data. The basic purpose of forecasting is given as follows:

3. An organisation has three production centres P1, P2 and P3 that supply products to four warehouses W1, W2, W3 and W4. The monthly production capacities of the three production centres are 160, 150 and 190 units, respectively. The monthly demand of warehouses is 80, 90, 110 and 160 units, respectively. The transportation cost per unit (in rupees) is shown in following Table

Warehouses	W1	W2	W3	W4
Production Centres
P1	10	12	8	15
P2	12	14	18	9
P3	15	12	20	16

Discussion questions:

1. How many units should an organisation supply to warehouses so that the total transportation cost is minimised?

2. Calculate Total Transportation Cost

Answer: Construct the transportation cost matrix table, which is as follows:

Availability = 160+150+190=500

Requirement = 80+90+110+160=440

In the given case, the total supply exceeds the total demand by 60 (500- 440) units. Therefore, an

4 Explain the following criterions that a decision maker may adopt under uncertain conditions.

a. Maximax Criterion

b. Maximin Criterion

c. Minimax Regret Criterion

d. Realism Criterion

e. Insufficient Reason Criterion

Answer: Maximax Criterion: It is the criterion in which a decision maker selects the alternative that provides the maximum payoff. This criterion is based on the assumption that all available alternatives would provide the best possible outcome. Maximax criterion is a

5. Solve the assignment problem shown in the following table:

	1	2	3	4
A	15	9	14	22
B	12	10	20	17
C	7	8	6	9
D	20	16	17	18

Also determine the total assignment cost.

Answer: Conduct row and column operations as the assignment problem is balanced. The row operations involve selecting an element having a minimum value in each row starting from row A and subtracting that element from all other elements in that row. After completing

6 Elaborate the replacement of equipment that deteriorates with time. What are the limitations of replacement models?

Replacement of equipment that deteriorates with time.

Limitations of replacement models.

Answer: Replacement of Equipment that Deteriorates with Time

When the operational efficiency of equipment goes on decreasing with the gradual passage of time, it is economical to replace the same with a new one. The replacement decisions for such

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