Supply Chain Management Midterm Exam Questions !!install!! | PREMIUM |

Minimizing total cost through economies of scale, high capacity utilization, and optimized logistics.

Managing the average inventory resulting from batching production or purchasing. 3. Demand Forecasting

Present a table showing fixed costs and variable costs for two suppliers. Determine the volume threshold at which it becomes cheaper to switch from Supplier A to Supplier B. (This usually involves solving linear equations: $Cost_A = Fixed_A + (Var_A \times Volume)$).

Given a daily demand of 50 units and a lead time of 4 days, calculate the Reorder Point (ROP). If the store wants a safety stock of 100 units to buffer against uncertainty, what is the new ROP?

"Using the Economic Order Quantity (EOQ) model, calculate the optimal order quantity, number of orders per year, and total annual cost given demand, ordering cost, and holding cost." Formula: supply chain management midterm exam questions

Supply Chain Management midterms test the transition from theoretical knowledge to practical application. Success requires a dual focus: memorizing key definitions and frameworks for essay questions, and mastering the mathematical formulas for inventory and forecasting problems. Students who can link a calculated number (e.g., "High EOQ") back to a strategic implication (e.g., "This reduces ordering costs but increases storage costs") typically perform best.

Expected Answer Structure:

Expect questions about how products move through the supply chain:

Sourcing decisions dictate who manufactures components, while sales and operations planning ensures the company has the capacity to fulfill incoming orders. Core Concepts to Review Minimizing total cost through economies of scale, high

) of 12,000 units for a specific computer monitor. The cost to place a single replenishment order ( ) is $150. The annual holding cost ( ) is $4 per unit per year. Calculate the Economic Order Quantity (EOQ).

You'll face strategic questions about global supply chain design, risk management, and sustainability. Be prepared to analyze multi-echelon inventory systems and develop comprehensive sourcing strategies.

This is a standard topic in almost every SCM midterm. You should be able to define it, explain its causes, and suggest solutions. Supply Chain Management - Midterm Review - Quizlet

Understanding the framework by Marshall Fisher. Functional products (like groceries) require efficient, low-cost supply chains. Innovative products (like high-end electronics) require responsive, fast supply chains. Demand Forecasting Present a table showing fixed costs

Mitigation: Use third-party logistics (3PL) providers to utilize less-than-truckload (LTL) shipping or move toward mixed-pallet deliveries to reduce batch sizes.

If your professor allows a "cheat sheet," prioritize formulas for EOQ, Reorder Point (ROP), and standard deviation of demand.

Which of the following is NOT a component of the triple bottom line in sustainable SCM? a) Profit (Economic) b) People (Social) c) Process (Operational) d) Planet (Environmental)