Logistics, transport, insurance
- 1. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
- 2. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Logistics It is the process of managing the movement and storage of raw materials, parts and finished products from the suppliers through the firm andon to the the customers
- 3. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Activities involved in Logistics
- 4. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Relating marketing channels, logistics management,Relating marketing channels, logistics management, and supply chain managementand supply chain management
- 5. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Logistics objectives
- 6. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin transportation
- 7. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Transportation Functionality
- 8. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Importance of Transportatio n:
- 9. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Better utilization of the backward areas linking with the advanced areas Better utilization of the backward areas linking with the advanced areas For rapid industrialization & urbanization For removing the scarcity of goods Easy movement people and bringing them in contact with each other
- 10. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Transportation… These are the major means of transportation n Railways Road ways Air ways Water ways
- 11. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
- 12. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Rail Transport:
- 13. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Rail Transport:
- 14. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin CAN BE CONSTRUCTED EVEN IN AREAS OF DIFFICULT TERRAIN OFFER DOOR TO DOOR SERVICES HELP FARMERS TO MOVE THEIR PERISHABLE GOODS Small investment in construction and maintenance flexibility
- 15. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
- 16. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Mumbai Pune Expressway
- 17. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin AHMEDABAD-VADODARA EXPRESSWAY AHMEDABAD-VADODARA EXPRESSWAY
- 18. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin A view of Delhi- Gurgaon stretch of National Highway - 8 (NH-8). The 8-lane expressway connects Delhi to Gurgaon and IGIA
- 19. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin A section of the Golden Quadrilateral between Bengaluru and Chennai A section of the Golden Quadrilateral between Bengaluru and Chennai
- 20. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin The Delhi-Noida section of the Delhi- Noida -Greater Noida expressway The Delhi-Noida section of the Delhi- Noida -Greater Noida expressway
- 21. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin AGRA -MATHURAAGRA -MATHURA
- 22. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DELHI.PANIPAT
- 23. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin BANGALORE-MYSOREBANGALORE-MYSORE
- 24. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
- 25. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Water Transport
- 26. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Water Transport
- 27. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
- 28. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Air Transport:
- 29. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Air Transport:
- 30. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Advantages and disadvantages of five modes ofAdvantages and disadvantages of five modes of transportationtransportation
- 31. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin WAREHOUSING by richard’s (amu)
- 32. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin CONCEPT
- 33. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Consolidation and break-bulk reduce transportation cost
- 34. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Consolidation and break-bulk arrangements Figure 10.1 Consolidation and Break-Bulk Arrangements
- 35. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin MEANING AND DEFINITION
- 36. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin definition
- 37. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin NEED AND IMPORTANCE
- 38. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin BASIC FUNCTIONS PERFORMED Price stabilization Transfer of risk Financing Regular supply of goods
- 39. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin FUNCTIONS
- 40. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin BASIC REASONS FOR NEED OF WAREHOUSE
- 41. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin TYPES OF WAREHOUSES
- 42. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin PRIVATE WAREHOUSES
- 43. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Advantages of private warehouses
- 44. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin 2. PUBLIC WAREHOUSES
- 45. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin ADVANTAGES OF PUBLIC WAREHOUSING
- 46. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin 3. BONDED WAREHOUSES
- 47. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
- 48. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin • • •• Preserve perishability of goods against payment of a storage charge Enables farmer to obtain remunerative prices for agricultural produce. It facilitates export of perishable goods thereby earn foreign exchange Generates employment in rural and semi-urban areas Employment export Help farmers Preserve • Makes seasonal products available to consumers Controls fluctuation
- 49. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DOCUMENTS USED IN A WAREHOUSING Warehouse warrant • A warehouse warrant is a document that provides proof of ownership of commodities that are stored in a warehouse • ISSUED FOR PUBLIC/BONDED • It is a document certifying that the specified goods have been deposited in the warehouse for safe-keeping Warehouse receipt This is a receipt of acknowledgement of the goods kept in the warehouse by the warehouse keeper Delivery order • It is the order issued by the owner of the goods to deliver the specified goods to the person named in the order
- 50. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin CHARACTERISTICS OF IDEAL WAREHOUSES
- 51. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin WAREHOUSE OPERATIONS
- 52. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
- 53. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEFINITION “Insurance is a device for the transfer of risks of individual entities to an insurer, who agrees for a consideration(called premium) to assume to a specified extent of losses suffered by the insured”. BY; W.A. Dinsdale
- 54. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin FACTS
- 55. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
- 56. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin BENEFIT TO BUSINESSMEN BENEFIT TO BUSINESSMEN
- 57. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin BENEFIT TO PUBLIC BENEFIT TO PUBLIC PROTECTION SAVINGS FINANCIAL AID TAX RELIEF PROVISIO N FOR OLD AGE
- 58. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin BENEFIT TO COUNTRY BENEFIT TO COUNTRY MOBILIZATION OF SAVINGS ECONOMIC GROWTH EMPLOYMENT RURAL DEVELOPMENT
- 59. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin BENEFIT TO GOVERNMENT BENEFIT TO GOVERNMENT INVESTMENT IN PRIORITY SECTOR (Transport, mining) EARN FOREIGN EXCHANGE BY SETTIN GBRANCHES IN FOREIGN COUNTRIES PY TAX TO GOVERNMENT ON THEIR INCOME
- 60. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin IMPORTANT WORDS USED IN INSURANCE INSURER A person or company that underwrites an insurance risk; the party in an insurance contract undertaking to pay compensation. INSURED A person or organization covered by insurance INSURABLE INTEREST Financial interest of the insured in the subject matter of insurance. A person must be in such a position that he will suffer a primary loss by the happening of the event insured against. INDEMNITY Promise to compensate in case of loss
- 61. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
- 62. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Principles of Insurance: Utmost food faith It is the legal duty of the proposer(one who wants the insurance policy) to disclose all the material facts about the subject to be insured. The premiums is fixed on the basis of the information supplied by the proposer
- 63. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin EXAMPLE Utmost food faith For example - John took a health insurance policy. At the time of taking policy, he was a smoker and he didn't disclose this fact. He got cancer. Insurance company won't pay anything as John didn't reveal the important facts.
- 64. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Principles of Insurance: Insurable interest Insurable interest exists when an insured person derives a financial or other kind of benefit from the continuous existence, without impairment or damage, of the insured object (or in the case of a person, their continued survival). A person has an insurable interest in something when loss of or damage to that thing would cause the person to suffer a financial or other kind of loss. Insurable interest exists when an insured person derives a financial or other kind of benefit from the continuous existence, without impairment or damage, of the insured object (or in the case of a person, their continued survival). A person has an insurable interest in something when loss of or damage to that thing would cause the person to suffer a financial or other kind of loss.
- 65. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
- 66. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
- 67. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
- 68. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
- 69. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
- 70. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Principles of Insurance: Insurable interest In case of life insurance spouse and dependents have insurable interest in the life of a person. Corporations also have insurable interests in the life of it's employees. In case of life or marine insurance, insured must be the owner both at the time of entering of entering into the insurance contract and at the time of accident.
- 71. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Principles of Insurance: Indemnity
- 72. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin EXAMPLE
- 73. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Principles of Insurance: Doctrine of Subrogation
- 74. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin EXAMPLE Doctrine of Subrogation When an insured driver's car is totaled through the fault of another driver. The insurance carrier reimburses the covered driver under the terms of the policy, and then pursues legal action against the driver at fault. Suppose a house is insured for 2 lakh against fire. The house got damaged by fire and the insurer pays the full value of 2 lakh to the insured. Later, the damaged house is sold for Rs20,000. the insurer is entitled to receive the sum of subrogation.
- 75. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin EXAMPLE Doctrine of Subrogation
- 76. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Principles of Insurance: Contribution Right of an insurer who had paid claim under an insurance policy to call upon other insurers to contribute to the payment. It is applied when an insured has taken more than one policy on the same property. Right of an insurer who had paid claim under an insurance policy to call upon other insurers to contribute to the payment. It is applied when an insured has taken more than one policy on the same property.
- 77. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
- 78. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Principles of Insurance: Contribution CALCULATION OF CONTRIBUTION
- 79. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin CAUSA PROXIMA (PROXIMATE CAUSE)
- 80. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin EXAMPLE Causa proxima For example all the passengers in an air flight are insured against death in the event of the air crash. One passenger dies of the heart attack. In this case Insurance company is not liable to pay as plane crash is not approximate cause of
- 81. © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Principles of Insurance: Mitigation of Loss