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DRIVE
Spring 2016
PROGRAM
BACHELOR OF BUSINESS
ADMINISTRATION (BBA)
SEMESTER
V
SUBJECT CODE & NAME
BBR502 – LOGISTICS
MANAGEMENT
1. Elucidate the objectives of Logistics. Briefly
explain the types of logistics.
a)
Objectives of Logistics.
b)
Explanation of the types of logistics
Answer:
a) Objectives of logistics
The
goal of the logistics department is to ensure that the complete logistics process
is maintained in accordance with the goals of the business at an economical
cost. The tasks of the logistics department involve storage, distribution, warehousing,
goods handling,
2. Elaborate the functions and contribution of
Supply Chain Management (SCM). Explain the factors influencing Supply Chain
Effectiveness
a)
Functions and contribution of Supply Chain Management (SCM)
b)
Factors influencing Supply Chain Effectiveness
Answer:
a) Functions and Contribution of Supply Chain Management
A
supply chain performs multiple functions and contributes to the retail operations
in a valuable manner. Some of the functions are as follows:
1.
Inbound Transport
Management: The vehicles carrying the required stock
must arrive at a specified date and time. This is because of the fact that
receiving centre allocates receiving docks to
3. List and explain the different types of Inventory
Cost.
Different
types of inventory cost.
Answer: Different
Types of Inventory Costs
i.
Inventory acquisition cost: It includes the cost
associated with the processing of the purchase order, salaries, rentals,
stationery, communication costs and other related costs. These costs should be calculated
for the duration of one year. The data that will be required for \
4. Describe the need for Warehousing Management.
Explain the basic functions of warehouses.
a)
Need for Warehousing Management
b)
Basic functions of warehouses.
Answer: a) Need
for warehousing management
i.
Seasonal Production: Different
agricultural products are harvested during different seasons, but they may be
consumed throughout the year. Consequently, these products should be stored
properly in warehouses to make them available to the customers whenever they need.
For example
5. Explain the Functionalities of Transportation.
Elucidate the factors affecting freight cost.
a)
Functionalities of Transportation
b)
Factors affecting freight cost.
Answer:
a) These functionalities can be explained as follows:
Product
movement: Any type of product, whether
finished or semi processed, are required to be transported either to a
warehouse for storage or retail stores, for selling or to other plants for the
next stage of processing. In addition, raw materials also required to be transported.
Product
6. Elaborate the importance of Logistics Information
System (LIS). What are the Principles of designing LIS?
a)
Importance of Logistics Information System (LIS
b)
Principles of designing LIS
Answer: a) Importance of Logistics information
system
LIS
helps the retailer in enhancing its logistics efficiency and effectiveness. In
addition, it provides the following benefits to the retailer:
1. Ensures
that the logistics function is performed at the lowest cost while providing
maximum level
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