Course Code:- 317423

Course Name:- Logistics and Supply Chain Management

Name of Faculty Member:-Ms. Anubha

Assignment No:-03

State whether the following statements are True or False:-

1. Lead time and order cycle time are the same as the replenishment time.
2. Information flows in the supply chain are unidirectional.
3. Inventory carrying cost is the cost of materials excluding materials handling cost.
4. FIFO is based on the principle that the first inventory goods received will be the first
inventory goods sold.
5. Quotation gives estimated cost of goods and services.
6. Demand forecasting is not an important part of purchasing.
7. Inbound Logistics +Material Management+ Physical Distribution=Logistics.
8. Insurance organizations only cover risks during transportation.
9. Pull processes are initiated and performed in anticipation of customer orders.
10. IT in supply chain management brings transparency.

Short Answer Questions:-

1. Describe the cycle and push and pull views of supply chain.
2. Explain vendor-managed inventory and discuss its benefits and risks.
3. Write short notes on the following:-
a) EOQ
b) Buffer Stock
4. Explain the role of customer relationship management in supply chain management.
5. Write short notes on the following:-
a) Transport principles
b) Scope of reverse logistics
c) Logistical organizational structure

Long Answer Questions:-

1. Describe the various stages in supply chain management and explain the various flows
involved in it.
2. Elaborate the evaluation and selection procedure of vendors. What is the significance of
single vendor concept and vendor’s location?Explain.