Supply Chain Management Midterm Exam Questions ((top)) Review
Opening multiple regional facilities decreases transportation costs and delivery times. Conversely, it spikes facility costs because the firm must pay for more real estate, labor, and duplicated safety stock across locations. Pillar 2: Demand Forecasting and Inventory Management
Calculate the total annual holding and ordering costs at this volume. Calculate the number of orders placed per year. 1. Calculate EOQ: The EOQ formula is:
: A common multiple-choice question asks to identify the three primary flows: Material/Goods, Information, and Financial . supply chain management midterm exam questions
Use the "Square Root Law" of inventory to support your logic.
The primary focus is to determine the optimal number, location, and size of supply chain facilities (e.g., manufacturing plants, distribution centers) to meet customer demand at the lowest cost. 3. Top Study Tips for Your SCM Midterm Calculate the number of orders placed per year
This article serves a dual purpose. For students, it provides a blueprint of the question types, core topics, and case study frameworks you are likely to encounter. For instructors, it offers a structured repository of question formats that align with the standard SCOR model (Plan, Source, Make, Deliver, Return).
Explain the difference between fill rate and item fill rate. Why might managers prefer one over the other? Use the "Square Root Law" of inventory to support your logic
Short answer questions require you to explain "how" or "why." On many , this is where the class average drops. You need specific vocabulary (e.g., "bullwhip effect," "postponement," "cross-docking").
Define the bullwhip effect and list three operational causes. What strategies can a manufacturing firm implement to mitigate its impact? Drivers of Supply Chain Performance
TC=3,870.97+3,875.00=$7,745.97TC equals 3 comma 870.97 plus 3 comma 875.00 equals $ 7 comma 745.97 The total annual cost is . Question 4: Safety Stock and Reorder Point