Supply Chain Management Midterm Exam Questions < Verified Source >

The new VP of SCM wants to shift to a responsive (pull) model: produce smaller batches (1,000 units), use air freight (2 weeks, but 5x more expensive), and replenish stores twice a week.

( ROP = (d \times LT) + (Z \times \sigma_d \times \sqrtLT) ) ( ROP = (100 \times 5) + (1.65 \times 20 \times \sqrt5) ) ( ROP = 500 + (1.65 \times 20 \times 2.236) ) ( ROP = 500 + (1.65 \times 44.72) ) ( ROP = 500 + 73.79 ) ( ROP = \mathbf573.8 \text units )

While multiple choice questions are often dismissed as "easy," in SCM they are frequently devilish because they rely on . Here are three representative examples found in common supply chain management midterm exam questions.

Identify the five core stages of SCM: Plan, Source, Make, Deliver, and Return [21, 32, 35]. supply chain management midterm exam questions

Comprehensive Guide to Supply Chain Management Midterm Exam Questions

Essay and short-answer questions evaluate your ability to apply theoretical frameworks to real-world business scenarios. Question 1: Efficient vs. Responsive Supply Chains

Leo put down his pen, shaken. He realized Dr. Vargas wasn’t testing memorization. She was testing paranoia —the beautiful, necessary paranoia of a supply chain manager. The new VP of SCM wants to shift

B) 15% to 20% of the total inventory items but account for 70% to 80% of the total dollar value. C) Items that are obsolete and should be discarded. D) Cheap items purchased in massive bulk quantities. Answer: B. "A" items are high-value, tight-control assets. High-Impact Study Strategies for SCM Exams

A) Cost minimization and high capacity utilizationB) Responsiveness, excess capacity, and flexible manufacturingC) Long-term bulk sourcing and slow ocean freightD) Maximizing cycle inventory to prevent stockouts Answer: B

Retailer). This visual anchor helps trace where costs and delays accumulate. Identify the five core stages of SCM: Plan,

Explain the concept of 'strategic fit.' How should the supply chain strategy differ for a company selling standard office paper versus a company selling high-end, customizable smartphones? The Bullwhip Effect

An item has an annual demand of 10,000 units. The ordering cost is $50 per order, the unit cost is $100, and the annual carrying cost rate is 25%. If the order quantity is 1,000 units, calculate the total annual cost. Calculation: Step 2: Calculate Annual Carrying (Holding) Cost Calculation: Step 3: Calculate Total Annual Cost 2. Inventory Turns and Days of Supply

Moving averages, exponential smoothing, and qualitative forecasting tools. Conceptual and Essay Exam Questions

Midterms often include a procedural section where you must calculate specific supply chain metrics. 1. Calculating Total Annual Inventory Cost