Supply Chain Management Midterm Exam Questions -
Expected Answer: To mitigate demand uncertainty and lead-time variability, ensuring a specific customer service level is met even when supply is delayed or demand spikes.
Ordering Cost: ( 11.2 \times 50 = $560 ) Holding Cost: ( (447/2) \times 2.5 = 223.5 \times 2.5 = $558.75 ) Total: ( \approx $1,118.75 )
C) Bulk purchasing of raw materials to achieve economies of scale. supply chain management midterm exam questions
ROP=Expected Demand During Lead Time+SS=450+39.48=489.48 unitsROP equals Expected Demand During Lead Time plus cap S cap S equals 450 plus 39.48 equals 489.48 units The Reorder Point is . Advanced Problem-Solving: The Newsvendor Model Question 5: Single-Period Inventory Optimization
Keep these core operational performance and financial equations on hand for rapid recall during your test. Concept / Metric Key Variable Legend SCM is a science of systems, and the
Use the provided in this article to create a mock exam under timed conditions. Practice the calculations until they become automatic, and practice the long-form essays until you can fluently discuss trade-offs. SCM is a science of systems, and the midterm is your opportunity to prove you can optimize the whole, not just a part.
. This pillar emphasizes the importance of seeing disruptions in real-time to maintain operations. www.imd.org Key Formulas to Remember Inventory Turnover Cost of Goods Sold (COGS) Average Inventory You must integrate procurement
Formula: ( EOQ = \sqrt\frac2DSH ) ( D = 5000, S = 50, H = 2.5 ) ( EOQ = \sqrt\frac2 \times 5000 \times 502.5 = \sqrt\frac500,0002.5 = \sqrt200,000 \approx 447.2 \text bags )
B Explanation: Customised products feature high demand uncertainty and short lead times. A responsive supply chain uses flexible capacity to meet changing customer preferences, whereas prioritizing capacity utilization (Option A) leads to rigid processes and long delays. Question 2 (Short Answer)
This is where an SCM midterm separates the A students from the B students. You must integrate procurement, logistics, inventory, and strategy.