BMS SEM 5 Important Questions Bank, November 2007

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Third – Party Logistics Service Provider: This sector is growing very rapidly.
With the increasing emphasis on supply chain management, more companies are exploring
the third party option. For some forms, dealing with one third-party form who will handle all or
more of their freight offers a number of advantages, including the management of information
by the third party, freeing the company from day to day interactions with carriers, and having
the third party oversee hundreds or even thousands of shipments. Activities such as freight
payment and dedicated contract carriage have been administered by third parties for many
years. However, additional transportation and logistics activities are being outsourced. In
some instances, some companies have outsourced large parts of their logistics operations to
their parties.

Brokers, freight forwarders, shipper, associations, Intermodal marketing companies, and their
party logistics service providers can be available shipping options for a firm in the same way
that they give basic modes and Intermodal combinations can. The logistics executive must
determine the optimal combination of transport alternatives for his or her company.
In addition to the preceding alternatives, many companies find that other transport forms can
be used to distribute their products. Small package carriers. And parcel post are important
transporters of many time sensitive products. These companies use a combination of
transport modes, especially air. The U.S domestic air freight market consist of 60 percent
express, 25 percent passenger carriers, and 15 percent mail. The growth rate in this sector
has been robust, averaging about 10 percent a year.
Scheduling
 
Hope for the best.
Im up for anything...
Already reached this far, Im not goin to cowardly back up...
Whatever may happen, Gods there!!
Dont worry,
Im sure any desicion will be for our own good.
 
Even im hearing lots of rumours about the FM, can some one clarify as to whats happening, re exam, bonus 10 marks, petition..? Please confirm from relaible sources.. even im trying all my sources...

Amit.
 
Fourth-party logistics
Fourth-party logistics (4PL), Lead-Logistics-Provider or 4th Party Logistics, is a term coined by global consulting firm Accenture:

“ A 4PL is an integrator that assembles the resources, capabilities, and technology of its own organization and other organizations to design, build and run comprehensive supply chain solutions. ”


4PL is advertised as a refinement on the idea of 3PL, a firm that provides outsourced or "third party" logistics services to companies for part or sometimes all of their supply chain management function. A 4PL uses a 3PL to supply service to customers, owning only computer systems and intellectual capital.

It has been argued that a 4PL is the same thing as a Non Asset-Based 3PL.
 
frm my side -
some imps 4 logi :-

JIT
INTEGRATED LOGISTICS
OBJECTIVES OF MATERIAL HANDLING
FUNCTIONS OF PACKAGING
EDI
7R
P SYSTEM
Q SYSTEM
MRP
DRP
LOGISTICAL MISSION
PERFORMANCE MEASUREMENT
REVERSE LOGISTICS
3 C'S
CUSTOMER SERVICE
TRANSPORTATION DECISIONS
WAREHOSING DECISIONS
OUTBOUND LOGISTICS
INBOUND LOGISTICS
3RD PARTY LOGISTICS
OPERATIONAL OBJECTIVES OF LOGISTICS
IMPORTANCE OF LOGISTICS
EOQ


ALL THE BEST FRIENDS...........
hope this last paper wil b gud n will get gud scores to all.......... :SugarwareZ-064:
 
Hi, a lot has benn spoken about theory aspects, and thanks for all the valuable info provided by various members, lemme highlight about nemuericals:

Numericals are very important coz these are the questions where u can score full marks,

secondly they consume very less time (average 13 mins are consumed, so u can save about 7-8 mins, which really sighnicant)

Thirdly, focus on the presentation aspect of the numerical, make sure the sum is decent enough (especially VAM, makes it a bit complicated)

Fourthly, as far as i know, VAM is expected this time. so make sure u know it propelry.

Fifth, I know for suree that the sum wouldnt be very complex, it will be pretty manageable.

Lastly, the format for Section 2 would be..

)4. a
b
Q.5 a
b.



Q. 8 4 short notes. 2 to be attempted...
......


So all the best for the exam,

Hope my tips help u...

Amit.
 
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