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Lgs MGT MCQ 1 Answer PDF
Lgs MGT MCQ 1 Answer PDF
Q1. OBJECTIVES
1. LASH means:
3. Conveyors are required where a continuous flow of material over a long period is required. TRUE
2. ANSWER A OR B
A. Elucidate logistics management. What are the objectives of logistics management? Also explain the functions of logistics.
• Ans. Delivering to the customer the desired level of service and quality at the lowest affordable cost.
• Having the right item in the right place, right quantity at the right price
FUNCTIONS OF LOGISTICS- Warehousing, Order processing, Transportation, Inventory management, Material Handling, Packaging, Information
management etc.
3.ANSWER A OR B
• QUALITATIVE-Jury of executive opinion, consumer survey method, Assessment by sales personnel, Naïve approach, Delphi
method
• QUANTITAIVE- Time series(Moving Average, Exponential smoothing, Extended Smoothing), Casual method.
2.What are the various factors to be considered before selecting the site for a warehouse?
• Cost of distribution from warehouse to market area-Availability of transportation and infrastructure-cost of transportation-
presence of competitors-Availability and cost of labor-Cost of land-local resident’s attitude-local taxation etc.
B.1. What is logistical network analysis? State its importance and explain the concept of RORO and LASH.
• Logistical N/w includes various facilities like manufacturing plants, warehouses, distribution centres. Proper n/w design will
help to reduce overall cost.
IMPORTANCE-Quick response to market changes, changing customers, New market segment-changes in corporate policy-
revitalize customer service-cost control.
RORO-type of shipping vessel-helps to solve problems in loading and unloading-trucks are rolled on into the ship and rolled off
from the ship after reaching the destination point.
LASH-method used to carry the cargo from shallow water ports to ships/vessels which are located in deep water.
4. ANSWER A OR B
A.1 Explain the global issues and challenges of supply chain management.
• Increasing fluctuation in customer demand-increased complexity in supply chain-political and legal differences-cultural
differences-currency unit differences-language difference-high cost of transportation.
2. What is logistics outsourcing? Explain its advantages and disadvantages.
• Logistics outsourcing means transferring the repetitive and non-critical activities to outside parties and focusing on core
competent functions.
ADVANTAGES
DISADVANTAGES
5. ANSWER A OR B
I=0.3
EOQ=√2*10000*200/20*.3
√
=
=2000/6 units
2. SOLUTION
= 141 UNITS
= 145.66 UNITS
B.SHORT NOTES
1. INTEGRATED LOGISTICS-Logistics helps to interlink an enterprise with its customers and suppliers, there is inventory and information flow
in this.
3. COLD CHAIN STORAGE-Series of facilities for maintaining ideal temperature storage condition for perishables from point of origin to point
of consumption. It consists of pre cooling facilities, refrigerated carriers, packaging etc
4. REVERSE LOGISTICS- Process of moving a product from the point of consumption to the point of origin like replacement of defective
goods, repairing used products, replacing expired products etc.
5. ELECTRONIC DATA INTERCHANGE-Fastest, easiest and most productive way to conduct business with the transportation, warehousing and
logistics industry. EDI is the exchange of information within or outside using electronic measure.