Dpsm 023: Supply And Business Logistics Question Paper
Dpsm 023: Supply And Business Logistics
Course:Accounting,Finance And Investiments
Institution: Kenya Methodist University question papers
Exam Year:2010
FACULTY : BUSINESS AND MANAGEMENT STUDIES
DEPARTMENT : ACCOUNTING AND FINANCE
TIME : 2 HOURS
INSTRUCTIONS Answer Question ONE and any Other TWO Questions
Question 1
a) Define the following terms
i) Business logistics
ii) Supplier sourcing
iii) Tariffs
iv) Inventory carrying cost (10marks)
b) Explain the evolution of logistics over the years (8marks)
c) Highlight the need for and the content of ethics policy in a firm (6marks)
d) Give the responsibilities of supplier and buyer in the following commerce terms
FOB
CIF (4marks)
Question 2
a) Explain any four price adjustment strategies available to a supply chain manager` (12marks)
b) Discuss the use any four forms of Letters of credit (8marks)
Question 3
a) Highlight any six sources of supplier information (12marks)
b) Explain the usefulness of EOQ in inventory management (8marks)
Question 4
a) Explain the function of a modern warehouse (8marks)
b) XYZ has an annual demand of its single product to be 80,000 units per annum; the inventory carrying costs are 20% of the unit price which is shs40. the ordering costs are shs250 per order. Compute the cost of moistening stocks and the EOQ (12marks)
Question 5
a) The government has been very keen on the activities of both purchasing and supplying firms. Discuss any five contributions in the area of supply chain management (10marks)
b) Explain how logistics has contributed to cost reduction and efficiency in firms (10marks)
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