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Thursday 4 October 2012

IIBM Examination Paper MM.100 Business Logistics: contact us for answers at assignmentssolution@gmail.com

Examination Paper: Logistics Management
IIBM Institute of Business Management 6
IIBM Institute of Business Management
Examination Paper MM.100
Business Logistics
Section A: Objective Type (30 marks)
•This section consists of Multiple Choice questions & short notes type questions.
•Answer all the questions.
•Part one questions carry 1 mark each & Part Two questions carry 5 marks each.
Part One:
Multiple Choices:
1. This decision involves mode of selection, shipment size, routing & scheduling:
a. Inventory decision
b. Transport decision
c. Distribution decision
d. Facility location decision
2. This refers to the activities of gathering the information needed about the products & services
desired & formally requesting the products to be purchased:
a. Order preparation
b. Order transmittal
c. Observation
d. Order entry

3. A very valuable function for the TMS is to suggest the patterns for consolidating small shipments
into larger ones.
a. Mode selection
b. Routing
c. Scheduling
d. Freight Consolidation
4. This refers to transporting truck trailers on railroad flatcars, usually over longer distances than
trucks normally haul
a. Water
b. Pipeline
c. Roadways
d. Trailers on Flatcars
5. An operating philosophy that is an alternative to the use of inventories for meeting the goal of
having the right goods at the right place at the right time.
a. Just-in-time
b. Kanban
c. MRP Mechanies
d. None of the above
Examination Paper: Logistics Management
IIBM Institute of Business Management 7
6. A buyer may wish to negotiate the best possible price but not take delivery of the full purchase
amount at one time.
a. Fixed sourcing
b. Contract buying
c. Flexible sourcing
d. Deal buying
7. Transportation rate structure, especially rate breaks, influence the use of storage facilities is
known as:
a. Storage function
b. Holding
c. Consolidation
d. Break-bulk
8. These warehouses are the most common type which handle a broad range of merchandise.
a. Household warehouses
b. Mini warehouses
c. Bulk storage warehouses
d. General merchandise warehouses
9. ___________ refers to the time that goods remain in the transportation equipment during
delivery.
a. Leased space
b. Storage in transit
c. Load unitization
d. Space layout
10. It refers to the selection of more than one order on a single pass through the stock.
a. Zoning
b. Batching
c. Sequencing
d. Modified area system
Part Two:
1. What is Bid-Rent Curves?
2. What is Mixed Integer linear Programming?
3. Differentiate between Lumpy and Regular Demand.
4. Write a short note on ‘Order Transmittal’.
END OF SECTION A
Examination Paper: Logistics Management
IIBM Institute of Business Management 8
Section B: Caselets (40 Marks)
•This section consists of Caselets.
•Answer all the questions.
•Each Caselet carries 20 marks.
•Detailed information should form the part of your answer (Word limit 150 to 200 words).
Caselet 1
World is a worldwide refiners and distributor of fuel products for a automobiles, aircrafts, trucks, and
marine operations, services stations, and bulk facilities as outlets. Keeping more than 1,000 such outlets
supplied is a significant operating problem for the company. Maintaining adequate fuel levels at the auto
service stations is its major concern, because fuel generates the most revenue for the firm and has the
greatest demand for customer service. Being able to forecast usage rates by product at these service
stations is one of the key elements of goods distribution operations. In particular, the tanker truck
dispatchers need an accurate forecast of fuel usage in order to schedule fuel deliveries at service stations
to avoid stock outs.
SERVICE STATION OPERATION
Service stations may carry three or four different grades of fuel including 87, 89, and 92 octane gasoline
and diesel fuels. These are stored in underground tanks. Due to the variations in the usage rates among the
stations and the limited capacities of these tanks, the frequency of replenishment may range from two or
three times per day to only several times per week. Each tank is dedicated to one type of fuel. Fuel levels
are measured periodically by placing a calibrated stick into a storage tank, although some of the more
modern stations have electronic metering devices on their tanks. Tanker trucks, typically having four fuel
compartments, are used for replenishment.
A FORECASTING SITUATION
Each service station’s fuel grade represents a specific forecasting situation. A case in point is one of the
lower-volume stations selling 87- octane fuel. With replenishment occurring only a few times per week,
forecast of usage rates on a daily basis is adequate. Because usage does depend on the day of the week,
forecasting for a particular day of the week may be quite different from any other day of the week.
Questions:
1. Develop a forecasting procedure for this service station. Why did you select this method?
2. How should promotions, holidays, or other such periods where fuel usage rates deviate from
normal patterns be handled in the forecast?
Examination Paper: Logistics Management
IIBM Institute of Business Management 9
Caselet 2
As director of purchasing for Industrial Distributors, Walter Negley had to plan the purchasing quantities
for the higher-valued products that Industrial Distribution inventoried and resold to its industrial
customers on a short order cycle. One such product was a replacement motor used in conveyors.
Replacement sales were received from customers located in North America and was approximately
constant throughout the year. These motors were manufactured in West Germany and imported through
the Port of Baltimore. They were transported by truck to industrial’s privately owned warehouse in the
Chicago area. Although the West German manufacturer had a price policy that included transportation to
Baltimore, Industrial incurred the transportation expenses from Baltimore to Chicago. To help determine
the purchase quantities, Walter gathered the following information:
Information Description Quantities/Costs Source of Information
Average annual sales 1,500 units Sales
Replenishment lead time 1 month (0.083 yr) Purchasing
Clerical cost per requisition $ 20 Accounting
Expediting cost per requisition $ 5 Traffic
Inventory-carrying cost 30% per year Finance
Packaged weight per unit 250 lb Traffic
Unloading cost at warehouse $ 0.25 per cwt. Accounting
Storage capacity at warehouse $ 300 units Warehouse manager
Public warehouse storage rates $ 10 per unit per year Public warehouse
The manufacturer has just announced its new price schedule for motors at the Port of Baltimore.
Checking with the trucking company to move the motors from Baltimore,
Units per Order Unit Price
First 100 $ 700
Next 100 $ 680
All over 200 $ 670
Walter found it practical to contract for either full truckload shipments at $12 per cwt. (100 lb) for
truckload (TL) quantities of 40, 000 lb or more or less-than-truckload (LTL) quantities at $18 per cwt.
Questions:
1. What replenishment order size, to the nearest 50 units, should Walter place, given the manufacturer’s
noninclusive pricing policy?
2. Should Walter change his replenishment order size if the manufacture’s pricing policy were one
where the price in each quantities break includes all units purchased?
END OF SECTION B
Examination Paper: Logistics Management
IIBM Institute of Business Management 10
Section C: Applied Theory (30 Marks)
•This section consists of Applied Theory Questions.
•Answer all the questions.
•Each question carries 10 marks.
•Detailed information should from the part of your answer (Word limit 200 to 250 words).
1. What is a heuristic Method? How are they useful in solving warehouse location problem?
2. What is a “Virtual Inventory”? What is the planning problem associated with such inventories?
3. Decision makers such as truck dispatchers, can go a long way toward developing good truck routes &
schedule by applying guideline principles. What are those principles for good Routing &
Scheduling?
S-2-210311
END OF SECTION C


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