Retail Supply Chain & Logistics Management solved assignment for amity

Body: 

Logistics & Supply Chain Management

 

Assignment A

1.         Discuss the need of logistics. 

2.         Differentiate between ABC and VED analysis.       

3.         Explain inventory management.        

4.         Discuss the Economic Order Quantity.         

5.         Explain mass production system.       

6.         Discuss different types of supply chains.      

7.         Discuss JIT.    

8.         Explain production planning and control.

 

Assignment B

Case Detail: 

EOQ applies only when demand for a product is constant over the year and each new order is delivered in full when inventory reaches zero. There is a fixed cost for each order placed, regardless of the number of units ordered. There is also a cost for each unit held in storage, commonly known as holding cost, sometimes expressed as a percentage of the purchase cost of the item.

We want to determine the optimal number of units to order so that we minimize the total cost associated with the purchase, delivery and storage of the product.

The required parameters to the solution are the total demand for the year, the purchase cost for each item, the fixed cost to place the order and the storage cost for each item per year. Note that the number of times an order is placed will also affect the total cost, though this number can be determined from the other parameters.

 

1.         Discuss the parameters required to calculate EOQ.

 

2.         When can EOQ be implemented?

 

3.         Explain various costs associated with inventory.

 

Assignment C

Question No.  1           Marks - 10

Also referred to as "best practice benchmarking" or "process benchmarking", this process is used in management and particularly strategic management, in which organizations evaluate various aspects of their processes in relation to best practice companies' processes

 

Options          

1. MATERIALS
2. finance
3. human resource          
4. Benchmarking

 

Question No.  2           Marks - 10

In some companies materials management is also charged with the procurement of materials by establishing and managing a supply base         

 

Options          

1. sale     
2. procurement   
3. lease   
4. hire

 

Question No.  3           Marks - 10

This ... department ensures that the launch materials are procured for production and then transfers the responsibility to the plant materials management      

 

Options          

1. logistics          
2. finance
3. human resource          
4. legal    

 

Question No.  4           Marks - 10

Most companies use ... systems such as SAP, Oracle, BPCS, MAPICS, and other systems to manage materials control.           

 

Options          

1. ERP    
2. MRP   
3. SR      
4. TRP

 

Question No.  5           Marks - 10

One challenge for materials managers is to provide. releases to the supply base.     

 

Options          

1. costly  
2. easy    
3. timely 
4. all

 

Question No.  6           Marks - 10

Materials management plans and designs for the      

 

Options          

1. delivery          
2. storage
3. distribution     
4. all

 

Question No.  7           Marks - 10

………….is the management of the flow of goods between the point of origin and the point of consumption in order to meet some requirements, of customers or corporations.      

 

Options          

1. MATERIALS
2. finance
3. human resource          
4. logistics

 

Question No.  8           Marks - 10

 The resources managed in logistics can include        

 

Options          

1. physcal items  
2. equipment      
3. timely 
4. all

 

Question No.  9           Marks - 10

This covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, shipping, and warehousing the said parts.   

 

Options          

1. MATERIALS
2. finance
3. human resource          
4. all

 

Question No.  10         Marks - 10

The logistics of physical items usually involves the integration of    

 

Options          

1. information flow        
2. distribution     
3. transportation 
4. all

 

Question No.  11         Marks - 10

The …………..of the use of resources is a common motivation in logistics for import and export.

 

Options          

1. maximisation  
2. minimization  
3. reduction        
4. increase

 

Question No.  12         Marks - 10

Logistics is commonly seen as a branch of engineering that creates "…….. systems" rather than "machine systems."        

 

Options          

1. people 
2. MATERIALS
3. finance
4. logistics

Question No.  13         Marks - 10

………...logistics is one of the primary processes of logistics, concentrating on purchasing and arranging the inbound movement of materials, parts, and/or finished inventory from suppliers to manufacturing or assembly plants, warehouses, or retail stores.    

 

Options          

1. INBOUND    
2. outbound        
3. procurement   
4. warehouse

 

Question No.  14         Marks - 10

…….logistics is the process related to the storage and movement of the final product and the related information flows from the end of the production line to the end user.   

 

Options          

1. INBOUND    
2. outbound        
3. procurement   
4. warehouse

 

Question No.  15         Marks - 10

……… is the branch of military science relating to procuring, maintaining and transporting material, personnel and facilities   

 

Options          

1. MATERIALS
2. finance
3. human resource          
4. logistics

 

Question No.  16         Marks - 10

The targets in procurement logistics might be

 

Options          

1. maximizing efficiency by concentrating on core competences,         
2. outsourcing while maintaining the autonomy of the company          
3. minimizing procurement costs while maximizing security within the supply process.
4. all

 

Question No.  17         Marks - 10

………. logistics has as its main function to reduce logistics cost(s) and enhance service(s) related to the disposal of waste produced during the operation of a business.         

 

Options          

1. disposal          
2. INBOUND    
3. outbound        
4. procurement

 

Question No.  18         Marks - 10

……..logistics denotes all those operations related to the reuse of products and materials. 

 

Options          

1. reverse
2. outbound        
3. disposal          
4. INBOUND

 

Question No.  19         Marks - 10

The opposite of reverse logistics is ………. logistics.

 

Options          

1. forward          
2. reverse
3. outbound        
4. disposal

 

Question No.  20         Marks - 10

………..logistics has, as main tasks, the delivery of the finished products to the customer. It consists of order processing, warehousing, and transportation.

 

Options          

1. INBOUND    
2. outbound        
3. procurement   
4. distribution

 

Question No.  21         Marks - 10

…………...Logistics describes all attempts to measure and minimize the ecological impact of logistics activities.           

 

Options          

1. green  
2. reverse
3. outbound        
4. disposal

 

Question No.  22         Marks - 10

…...logistics describes logistic processes within a value adding system       

 

Options          

1. production      
2. green  
3. reverse
4. outbound

 

Question No.  23         Marks - 10

……….. involves using external organizations to execute logistics activities that have traditionally been performed within an organization itself         

 

Options          

1. production      
2. green  
3. reverse
4. 3PL

 

Question No.  24         Marks - 10

……….is the application of computer software and/or automated machinery to improve the efficiency of logistics operations.    

 

Options          

1. logistics automation   
2. production      
3. green  
4. reverse

 

Question No.  25         Marks - 10

Industrial machinery can typically identify products through           

 

Options          

1. bar code         
2. RFID  
3. both    
4. none

 

Question No.  26         Marks - 10

…... tag is card containing a memory chip and an antenna which transmits signals to a reader.      

 

Options          

1. bar code         
2. RFID  
3. both    
4. none

 

Question No.  27         Marks - 10

………..includes any form of outsourcing of logistics activities previously performed in house.    

 

Options          

1. production      
2. green  
3. reverse
4. 3PL

 

Question No.  28         Marks - 10

…...logistics is a term used by the logistics, supply chain, and manufacturing industries to denote specific time-critical modes of transport used to move goods or objects rapidly in the event of an emergency.   

 

Options          

1. emergency      
2. reverse
3. outbound        
4. disposal

 

Question No.  29         Marks - 10

…………...is the process of planning, implementing, and controlling the effective and efficient flow of goods and services from the point of origin to the point of consumption   

 

Options          

1. logistics          
2. MATERIALS
3. finance
4. human resource

 

Question No.  30         Marks - 10

They are usually large plain buildings in industrial areas of cities and towns and villages.  

 

Options          

1. warehouse      
2. airport 
3. station
4. all

 

Question No.  31         Marks - 10

………….management is a science primarily about specifying the shape and percentage of stocked goods.           

 

Options          

1. logistics          
2. MATERIALS
3. finance
4. inventory        

 

Question No.  32         Marks - 10

………..may be found on merchandise, animals, vehicles and people as well.         

 

Options          

1. bar code         
2. RFID  
3. both    
4. none

 

Question No.  33         Marks - 10

….is a commercial building for storage of goods.     

 

Options          

1. warehouse      
2. airport 
3. station
4. all

 

Question No.  34         Marks - 10

……..logistics aims to ensure that each machine and workstation receives the right product in the right quantity and quality at the right time.  

 

Options          

1. production      
2. green  
3. reverse
4. outbound

 

Question No.  35         Marks - 10

It is "the process of planning, implementing, and controlling the efficient, cost effective flow of raw materials, in-process inventory, finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal.         

 Options         

1. reverse
2. outbound        
3. disposal          
4. INBOUND

 

Question No.  36         Marks - 10

………...refers to operations within a warehouse or distribution center, with broader tasks undertaken by supply chain management systems and enterprise resource planning systems.         

 

Options          

1. logistics automation   
2. production      
3. green  
4. reverse

 

Question No.  37         Marks - 10

……….are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. 

 

Options          

1. warehouse      
2. airport 
3. station
4. all       

 

Question No.  38         Marks - 10

Inventories are maintained as buffers to meet uncertainties in …... supply and movements of goods.        

 

Options          

1. demand          
2. supply 
3. cost     
4. time

 

Question No.  39         Marks - 10

The goal of ………... management is to provide an unbroken chain of components for production to manufacture goods on time for the customer base.

 

Options          

1. MATERIALS
2. finance
3. human resource          
4. all

 

Question No.  40         Marks - 10

………. logistics stands for all operations related to the reuse of products and materials.   

 

Options          

1. reverse
2. outbound        
3. disposal          
4. INBOUND

 

 

 

 

 

 

 

            

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