Attempt all the problems
What are the three significant concepts appropriate to Logistics Management by the organization? Describe them briefly and state which one you regard as the best approach and why?
Effectiveness of ports not only helps in increasing efficiency of overall transport system of a country, but also reduces cost of transporting goods from one of the origin to point of the last decision. Describe the constraints faced by Indian ports in providing efficient service to users.
Illustrate the following:
a) Joint Venture
b) Inventory Control
c) Export Order
d) International Chamber of Commerce
Distinguish between the following:
a) Time Charter and Bare Boat Charter
b) Flat Rack Container Vs. Open Top Container
c) Inter-Modalism and Multi-Modalism.
d) Re-order Level (ROL) and Re-order Quantity (ROQ)
Briefly describe the following statements:
a) Logistics variables and costs interact in the complex and indirect way.
b) Multi-Modal Transport is considered as an integral part of “Just-In-Time” logistics Management
c) Traders of general merchandise need shipping services of more sophisticated nature.
d) Freight rate had no relationship with route to be covered.