[GET] Logistics Management Exam Questions And Answers
State the benefits of EOQ model. Q4 Explain the concept of MRP and describe its inputs and their relationship. Q5 What is negotiation. Discuss in details steps involved in negotiation process for procurement of high value capital equipment. Q6...
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Top 18 Logistics Manager Interview Questions and Answers
Q2 How should anorganisation manage an in-bound supply chain that organised into tiers? Use Autocomponent manufacturing industries illustration to justify your answer. Q3 What is standardisation and codification? What are the techniques available for that. Q4 Discuss the purpose, objectives and scope of value analysis.
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Justify your answer with examples. Q5 Discuss the role and responsibility of purchase department in a manufacturing organisation having multiple units and multiple product range. Q6 Which are the different methods of forecasting? Explain anyone of them. Q7 Discuss the interface of materials management with other function in a manufacturing organisation such as a Marketing.
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Q2 Explain briefly methods of forecasting and regression analysis in particular. How forecasting helps Materials Manager? Q3 Explain all types of Inventory and write the implication of each type if it is very high in monetary value. Q5 What are inputs to MRP system? Explain how modem MRP system is advantageous in controlling Material Flow through a manufacturing organization. Q6 Explain principles of purchasing, lot sizing techniques for replenishment of stocks and EOQ model. Q8 Write short notes on: Any two. I Explain the objectives of materials management. Describe how profits can be maximized through effective materials management. Profitability and delivery. Q2 Explain with example how does classification of materials help in better management of inventory?
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Q4 What actions a Purchase manager should take in following : a Delay in supplies b Excess quantity supply c Wrong supplies Q5 explain effects of high inventory on the following: a Meeting delivery dates b Profitability c Quality of finished Goods Q6 State the limitations of EOQ model. Discuss the example EOQ model with discounts model. Q7 Explain the role of Material manager in standardization and codification of material. Q8 Write notes on any two of the following: a Exponential smoothing method b Stock out cost c Importance of logistics d Bills of Material. High light the principles followed. Q2 What is the basic premise of ABC analysis? Explain the steps for making ABC Inventory analysis giving examples. Q3 What are the major inputs to a MRP system? What main objectives are achieved by Using computerised MRP system? Q4 Explain the concept of Best buy as an objective of purchasing. Explain what are the risks involved in purchasing. Q5 Explain full significance of Standardization of materials or commodities.
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What are the advantages and disadvantages of standardization. How does SCM differ from traditional material management. Q7 Write short notes on: a Logistics Aims and importance. Q2 Define inventory? Can an Organization function with zero inventory? Explain the costs associated with inventory. Q3 Explain the objectives and process of materials requirement planning. Q4 What are the objectives of Value Analysis. Outline a method to carryout Value Analysis on an engineering product e. Q6 Explain the concept of codification. How does codification help in Materials Management. Q7 What is the importance of material handling. Q8 Write short notes on any three of the following: a Exponential Smoothing Method. Q2 a Define Value. How does it differ from cost? Q3 a Define and explain the term Inventory. Explain the basis and data, which are used in making MPS.
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Explain the same with a neat flow diagram. Draw a neat sketch of the GRN. Q8 What is forecasting? Explain the following three methods of forecasting. Q2 Describe the various methods of purchasing specifying their advantages and disadvantages. Also state the reasons or circumstances under which these methods are applied. Q3 What are the advantages and disadvantages of holding inventories? What is meant by Inventory control? Discuss in briefvarious techniques of inventory control. Q4 a Organizations need to manage their supply chains efficiently in order to be Globally competitive Explain b Standardization and codification are important tools for materials management Comment Q5 Write short notes on any three a Evolution of materials management.
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How does it help increase the profitability of an organization? Explain application of ABC analysis with the help of suitable example. Illustrate, with sketches, various modes of Materials handling equipments in Engg. How does it help A Purchase Manager? Ql What do you mean by material handling? QI Importance and scope of materials management function has increased with globalization and competition.
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More Question Papers available at Indiaclass. Marks Instructions to the candidates:1 Answer any five questions. Q1 Define the term Materials management. State its importance. Mention the challenges of materials management in todays competitive business. Q2 What do you understand from the term logistics? What are the advantages of logistics management. Q3 What is meant by selective control of inventories? What are the different methods used for selective control of inventory items? Q5 Under what condition should a firm practice the following methods of buying. Q6 What is meant by location of stores?
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Discuss the basic factors that must be taken into account to determine the best location for stores? Q7 What is value analysis?
27 Essential Logistics Interview Questions and Answers
What you liked most in that application, and were there any limitations in that application? These tools also help optimize input and output processes alongside slotting, packing, and shipping duties. There are several variants available today for these tools, thus picking the right one is But is not always easy. WMS comes in three major types integrated ERP, supply chain execution modules, and standalone warehouse management. Q5 How would you reduce distribution costs? The purpose of reducing distribution costs is to save up more potential and contribute to the bottom line profitability of the business. The most important thing is Warehouse Space Planning. Planning increases efficiency facilitates proper coordination and maintains good control.
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When Warehouse Space Planning, the first thing is finding a suitable location. When choosing a location, planners should know how much square footage they will need to store their goods, and how much space will be required. This is very common amongst the logistics interview questions. This is were you use to think about your experience and scenario and use STAR approach to answer the questions. Q8 What are the most important logistics KPI you have used to drive process improvement? This is also very common candidates amongst a long list of logistics interview questions, it looks straight forward but it is not! Here you need to think carefully and pick logistics KPI you have used and mentioned the ones you have used to drive continuous improvement in warehouse management. For example, if you have work on Inventory Reduction then you should use one of the 7 Inventory Management KPIs and explain the approach to how you have achieved inventory reduction.
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Some nice Inventory Reduction Strategies for you mentioned here! Q9 What would do at first in the department after being hired? Q10 How to maximize customer-satisfaction, logistics? Q11 Who will be key stakeholders if you are successful in this job? Nowadays, Customer Service Team, Production Team, and Finance Managers are considered Key Supply Chain Stakeholders as the process requires more innovative initiatives, helping create vision and strategy and get involved in employee engagement initiatives.
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Finance Managers are also essential to provide a good understanding of finance and how this function can contribute to the success of jobs. Q12 Have you design and created any Standard Work process in your previous job? Designing solid standard procedure and supply chain processes are very important to reduce variation in day to day distribution and warehouse activities.
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It is also one of the four pillars of supply chain strategy. A good sample of logistics processes would be standard work in the pick, pack, and ship, safety rules, packaging instruction, etc. Q13 What the best approaches to Supply Chain Modelling? To incorporate such decisions, critical areas like location, production, inventories, and transportation, are necessary considerations. Significant efforts have been put into the creation of an ideal supply chain model so that accurate design on improvements in performance can be made. Following the e-commerce boom, evaluating fulfillment companies would involve taking consideration of a few core areas of differentiation and capabilities that typically characterize their best metrics. My article on How to Evaluate a Fulfillment Company could be a good reference point. It is critically important to set specific guidelines about who gets directly involved, and which stages everyone gets involved.
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Engaging the right employees and partners goes a long way in the planning stage, and these create a more transparent, consistent, and more reliable plan. For businesses with Warehouse s , the effects of any crisis can be highly damaging, especially to meet customer service expectations. The likely anticipation and preparations through sensible Business Continuity Plan BCP require specific vital considerations to help guarantee operational continuity within the shortest possible period.
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Q16 To deliver improvements, which Warehouse Activities would you focus on? In general, warehouse activity consists of receiving, put away, storage, packing, and shipping. Warehouses could have different activities according to product specifications, customer requirements, and service levels ordered. The complexity of the warehouse activities depends mainly on: the number and variety of items to be handled the amount of daily workload to be done the number, the nature and the type of processes necessary to fulfill the needs and demands.
5 Supply Chain and Logistics Management Questions Answered
Supply chain management includes an integrated approach of planning, implementing and controlling the flow of information, materials and service from raw material to the finished good for the ultimate distribution to the customer. It is a notice that is sent to the customer about the detailed shipment information in advance of delivery. It may also include carrier and shipment related information like time of shipment and expected time of arrival. LTL Less than Truckload shipment is a contract between the shipper and transport owner. According to the contract, instead of the entire truck, the shipment are priced according to the weight of the freight and mileage within designated lanes.
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Deadweight tonnage is the difference between the laden and unladen weight of the ship. In other words, it is the weight of everything that ship carries except the ship itself. But it is applicable in special cases only, depending upon what material it carries. Cross docking is a process of unloading materials from an incoming semi-truck and loading directly into out-bounds trucks or trailers. It reduces handling costs, operating costs and the storage of inventory. It is a method of calculating vessel load or capacity, in units of containers that are twenty feel long. For example, a 40ft long container measure 2TEUs. A copy of the invoice is often sent with it and if recommended a copy of landing also attached along with that. Affreightment is a contract between ship owner and merchant, where ship owner provides or rented the space in the ship to the merchant for an agreed amount and for a specific period.
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In this contract, merchant is liable for the payment whether or not the ship is ready for the shipment. A way bill which covers two or more consignment of freight is referred as blanket way bill.
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Push Strategy: Push strategies are implemented based on the assumption that demand is predictable. As a result of that predictability, product could be manufactured and moved up the supply chain in preparation for the predicted demand Pull Strategy: On the other side of the coin, pull strategies are focused on keeping stocks low and reacting quickly to demand fluctuations.
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What are some logistics and supply chain trends? We are living in an incredible time of change, and supply chain and logistics management are no different. There are several trends that will continue to grow in the near future that you should keep an eye on. Due to this challenge, technologies are being developed that enable the full tracking of driver fleets while they are on the road, tracking of goods once they are loaded on trucks, automatic and manual dispatching of delivery tasks and more. How is eCommerce changing logistics? Firstly, eCommerce requires 3x the amount of logistics space than brick and mortar. As a result of the eCommerce revolution, the power balance between consumers and businesses have shifted. Consumers, more than ever, have been empowered to pick and choose which items they want, how quickly they want it and at which price.
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As a result, businesses have been pushed to streamline operations and work together with third party logistics services to deliver more efficiently. Share article.
Logistics Management Multiple Choice Questions with Answers - Indiaclass
Logistics Professional Interview Questions With Sample Questions and Answers February 22, Being prepared to confidently answer interview questions as a logistics professional can set you apart from other applicants. By researching questions and practicing your answers, you can showcase your knowledge and professionalism. Knowing what to expect and being prepared for it will also help calm any interview jitters and help you present yourself as a polished, competent professional. In this article, we outline common logistics professional interview questions and provide some sample questions with example answers to help you prepare. What is a logistics professional? A logistics professional also called a "logistician" helps a company run efficiently by organizing and managing business processes like the supply chain, inventory, distribution, storage and transportation.
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Titles in this field range from frontline roles like associate, coordinator and engineer to management roles like supervisor, manager and director. Logistics professionals may hold degrees in logistics or business administration and may have industry certifications in specific aspects of logistics operations. General questions Employers hiring logistics professionals seek candidates with organizational skills, project management ability and interest in streamlining operations to increase efficiency and decrease costs.
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You may be asked situational questions—what software and systems you are familiar with, for example—or given behavioral question prompts that begin "Describe a situation where you…" Here are some common logistician interview questions and behavioral prompts to help you prepare for your interview: What is your experience using automated warehouse systems? What database did you work within your previous position? What is the difference between logistics and transport? How do you measure transport costs? How do you coordinate order shipping? What is your area of logistics expertise? Are you experienced with freight arrangements?
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What is an anti-dumping duty? How do you prioritize processes and tasks? What would you consider to be a stressful job situation? Related: 5 Questions To Ask Yourself Before a Job Interview Questions about experience and background You should enter the interview prepared to frame your background in a way that makes you appear prepared for anything pertinent to the field of logistics. Questions like these help interviewers assess your practical knowledge and help them compare you to other applicants and the posted job requirements: What project management or logistics tracking software have you used?
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