Exam Details
Subject | logistics and supply chain management (paper – xx) | |
Paper | ||
Exam / Course | mba | |
Department | ||
Organization | solapur university | |
Position | ||
Exam Date | 18, December, 2018 | |
City, State | maharashtra, solapur |
Question Paper
M.B.A. (Part II) (Semester III) (Old CBCS) Examination, 2018
Gr.E. Production and Materials Management
Paper II Logistics and Supply CHain Management (Paper XX)
Day and Date Tuesday, 18-12-2018 Max. Marks 70
Time 10.30 a.m. to 1.00 p.m.
1. Choose the correct alternative. 14
Supply chain management is storage of raw material, work in process and
finished goods from the point of origin to the point of
Storage Transportation
Production Consumption
A supply chain starts with the delivery of raw material from a to
a manufacturer.
Supplier Manufacturer
Organisation None of the above
is part of supply chain management that plans, implements and
controls effective forward and reverse flow of goods and services.
Materials management Inventory management
Logistic management Lean management
is the storing of finished goods until they are sold.
Outsourcing Transportation
Storage Warehousing
Thy physical movement of goods from supplier's place to the customer's
place through various modes is known as
Warehousing Transportation
Scheduling Processing
is the first function of logistics management.
Packaging Transportation
Material handling Order processing
is the business practice of hiring a party outside a company to
perform services and goods that were traditionally performed in house by
company's own employees.
Business processing Outsourcing
Manufacturing Contracting
The long form of BPO is
Bipolar Process Outsourcing Business Process Outsourcing
Business Potential Outsourcing Buyer's Process Outsourcing
The main reason for outsourcing is reducing and controlling
Transportation cost Raw material cost
Operating cost Warehousing cost
10) is an integrated management system of core business processes,
often mediated by software and technology.
Energy resource planning Enterprise resource planning
Enterprise reverse planning Entrepreneur resource planning
11) In 3PL and 4PL logistic system stands for
Point of purchase Performance
Persistence Party
12) is a process that contains, protects, preserves, informs and
sells.
Labelling Designing
Packaging Evaluating
13) MRP in supply chain management stands for
Money Resource Planning
Material Requirement Planning
Manufacturing Resource Planning
Money Requirement Planning
14) Lean supply chain management is about from a manufacturing
and inventory process.
Removing waste Removing people
Removing inventory Removing supplys
2. Short notes 14
3PL and 4PL service providers. 7
Importance of Warehousing. 7
3. Write short notes 14
Importance of packaging material in warehousing. 7
Global Supply Chain Management. 7
Set P
*SLRCL56* SLR-CL 56
4. Attempt the following. 14
What is Lean Supply Chain Management Explain its characteristics and MRP
as tool to control dependent demand inventory. 14
OR
Explain the meaning and objectives of Supply Chain Management. Also explain
principles of Supply Chain Management. 14
5. Case Study. 14
Precision Drilling's Niksu support centre near Edmonton, Alberta, provides
Maintenance, Repairs and overall to the $900-million-plus company's
equipment. Managing the project with Excel was arduous, time-consuming
and expensive. Lee Letawsky, parts technician and purchaser, was forced to
manually update item counts, physically locate pieces of inventory and had
no accessible record of a component's age, usage history or availability. This
process was inefficient and the cost of duplicate orders and overnight shipping
charges soon added up.
Letawsky considered using the inventory module for SAP's R/3 enterprise
resource planning software, in use throughout the company. However, he found
it was too complex for managing the smaller, less expensive equipment in the
centre's arsenal.
"We had a mess. Parts were scattered all over and we wasted lots of time looking
for things or ordering things we already had. I wanted to make inventory-control
easier and more efficient," Letawsky said. "SAP was overkill for our needs. We
needed an application that had really good reporting, tracking and was easy to
use. It had to be up-and-running as quickly as possible, without getting involved
in technical jargon".
Drilling Down
After exploring several free trial offers, Letawsky purchased Wasp Barcode's
Inventory Control Pro, a WDT3200 mobile computer and a Wasp WPL305
barcode printer. Besides tracking the quantity and location of parts, Letawsky
uses Inventory Control to store additional information, including frequency of
use; cost; size; shelf life; storage options and any temperature controls.
When parts such as gaskets and pumps are used together, Letawsky taps
Inventory Control's assembly feature to create a complete repair set that can
be tracked as one unit. Creating and tracking these assemblies has helped
Letawsky improve the process tremendously.
"We have a moment's notice when a rig goes down and we have to get all
the required repair parts out quickly," said Letawsky. "Previously, it was often
faster to order a new part because we couldn't locate it in our supply room in a
timely fashion. Or, we had to rush one of the components because we missed
sending it initially. Now, we know what we have and where it's located and can
get all the necessary parts to the field the first time".
Pump it up
Precision as repair parts that cost upwards of $5,000 to $6,000 each, so
eliminating just a few excess pieces of inventory and avoiding rush shipping
provides rapid ROI and a positive impact to its business profitability.
Inventory Control also gives Letawsky visibility into inventory age to ensure
older items are used first. Further, access to reports in Inventory Control provides
him with additional insight that helps him run the centre more efficiently.
Knowing how long particular suppliers take to ship allows him to build-in extra
time, as needed, which reduces his reliance on costly overnight or second-day
shipping fees. And he easily stays abreast of quickly-rotating items, to ensure
they are always on hand. He is now equipped to monitor trends, such as high
failure rates in particular pieces of equipment, a tool unavailable to him using
Excel.
Letawsky saves about two days a month that he previously spent working on the
manual spreadsheet. With Precision Drilling's vast warehouses, knowing where
each item is located shaves precious minutes or hours off locating equipment.
Inventory Control also may cut payroll, since on-call mechanics no longer have
to waste time hunting down pieces during expensive over-time shifts.
"If you're not in control of your inventory, you don't know what you have," said
Letawsky. "There's so much money tied up in equipment, you really need to
know and track your inventory. This system has saved tens of thousands of
dollars, improved the repair process and made my job much more enjoyable.
It's easily paid for itself in less than six months".
Analyze the case. 5
Identify the problem. 2
Identifying alternative solutions. 5
Giving the best solution. 2
Gr.E. Production and Materials Management
Paper II Logistics and Supply CHain Management (Paper XX)
Day and Date Tuesday, 18-12-2018 Max. Marks 70
Time 10.30 a.m. to 1.00 p.m.
1. Choose the correct alternative. 14
Supply chain management is storage of raw material, work in process and
finished goods from the point of origin to the point of
Storage Transportation
Production Consumption
A supply chain starts with the delivery of raw material from a to
a manufacturer.
Supplier Manufacturer
Organisation None of the above
is part of supply chain management that plans, implements and
controls effective forward and reverse flow of goods and services.
Materials management Inventory management
Logistic management Lean management
is the storing of finished goods until they are sold.
Outsourcing Transportation
Storage Warehousing
Thy physical movement of goods from supplier's place to the customer's
place through various modes is known as
Warehousing Transportation
Scheduling Processing
is the first function of logistics management.
Packaging Transportation
Material handling Order processing
is the business practice of hiring a party outside a company to
perform services and goods that were traditionally performed in house by
company's own employees.
Business processing Outsourcing
Manufacturing Contracting
The long form of BPO is
Bipolar Process Outsourcing Business Process Outsourcing
Business Potential Outsourcing Buyer's Process Outsourcing
The main reason for outsourcing is reducing and controlling
Transportation cost Raw material cost
Operating cost Warehousing cost
10) is an integrated management system of core business processes,
often mediated by software and technology.
Energy resource planning Enterprise resource planning
Enterprise reverse planning Entrepreneur resource planning
11) In 3PL and 4PL logistic system stands for
Point of purchase Performance
Persistence Party
12) is a process that contains, protects, preserves, informs and
sells.
Labelling Designing
Packaging Evaluating
13) MRP in supply chain management stands for
Money Resource Planning
Material Requirement Planning
Manufacturing Resource Planning
Money Requirement Planning
14) Lean supply chain management is about from a manufacturing
and inventory process.
Removing waste Removing people
Removing inventory Removing supplys
2. Short notes 14
3PL and 4PL service providers. 7
Importance of Warehousing. 7
3. Write short notes 14
Importance of packaging material in warehousing. 7
Global Supply Chain Management. 7
Set P
*SLRCL56* SLR-CL 56
4. Attempt the following. 14
What is Lean Supply Chain Management Explain its characteristics and MRP
as tool to control dependent demand inventory. 14
OR
Explain the meaning and objectives of Supply Chain Management. Also explain
principles of Supply Chain Management. 14
5. Case Study. 14
Precision Drilling's Niksu support centre near Edmonton, Alberta, provides
Maintenance, Repairs and overall to the $900-million-plus company's
equipment. Managing the project with Excel was arduous, time-consuming
and expensive. Lee Letawsky, parts technician and purchaser, was forced to
manually update item counts, physically locate pieces of inventory and had
no accessible record of a component's age, usage history or availability. This
process was inefficient and the cost of duplicate orders and overnight shipping
charges soon added up.
Letawsky considered using the inventory module for SAP's R/3 enterprise
resource planning software, in use throughout the company. However, he found
it was too complex for managing the smaller, less expensive equipment in the
centre's arsenal.
"We had a mess. Parts were scattered all over and we wasted lots of time looking
for things or ordering things we already had. I wanted to make inventory-control
easier and more efficient," Letawsky said. "SAP was overkill for our needs. We
needed an application that had really good reporting, tracking and was easy to
use. It had to be up-and-running as quickly as possible, without getting involved
in technical jargon".
Drilling Down
After exploring several free trial offers, Letawsky purchased Wasp Barcode's
Inventory Control Pro, a WDT3200 mobile computer and a Wasp WPL305
barcode printer. Besides tracking the quantity and location of parts, Letawsky
uses Inventory Control to store additional information, including frequency of
use; cost; size; shelf life; storage options and any temperature controls.
When parts such as gaskets and pumps are used together, Letawsky taps
Inventory Control's assembly feature to create a complete repair set that can
be tracked as one unit. Creating and tracking these assemblies has helped
Letawsky improve the process tremendously.
"We have a moment's notice when a rig goes down and we have to get all
the required repair parts out quickly," said Letawsky. "Previously, it was often
faster to order a new part because we couldn't locate it in our supply room in a
timely fashion. Or, we had to rush one of the components because we missed
sending it initially. Now, we know what we have and where it's located and can
get all the necessary parts to the field the first time".
Pump it up
Precision as repair parts that cost upwards of $5,000 to $6,000 each, so
eliminating just a few excess pieces of inventory and avoiding rush shipping
provides rapid ROI and a positive impact to its business profitability.
Inventory Control also gives Letawsky visibility into inventory age to ensure
older items are used first. Further, access to reports in Inventory Control provides
him with additional insight that helps him run the centre more efficiently.
Knowing how long particular suppliers take to ship allows him to build-in extra
time, as needed, which reduces his reliance on costly overnight or second-day
shipping fees. And he easily stays abreast of quickly-rotating items, to ensure
they are always on hand. He is now equipped to monitor trends, such as high
failure rates in particular pieces of equipment, a tool unavailable to him using
Excel.
Letawsky saves about two days a month that he previously spent working on the
manual spreadsheet. With Precision Drilling's vast warehouses, knowing where
each item is located shaves precious minutes or hours off locating equipment.
Inventory Control also may cut payroll, since on-call mechanics no longer have
to waste time hunting down pieces during expensive over-time shifts.
"If you're not in control of your inventory, you don't know what you have," said
Letawsky. "There's so much money tied up in equipment, you really need to
know and track your inventory. This system has saved tens of thousands of
dollars, improved the repair process and made my job much more enjoyable.
It's easily paid for itself in less than six months".
Analyze the case. 5
Identify the problem. 2
Identifying alternative solutions. 5
Giving the best solution. 2
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