Supply Chain Management Midterm Exam Questions Here
Describe the difference between "Cycle Stock" and "Safety Stock." Under what demand condition would Safety Stock be zero?
ROP=(Daily Demand×Lead Time)+SSROP equals open paren Daily Demand cross Lead Time close paren plus cap S cap S
Finding the spatial center of mass to position a single warehouse based on coordinates and shipment volumes. Supply Chain Management Midterm Practice Questions Conceptual Multiple-Choice Questions Question 1 supply chain management midterm exam questions
Midterms almost always include math problems. Students should bring scientific calculators. The following are the most common quantitative topics:
Focus on speed, flexibility, and reacting to changing market trends. They suit innovative products with unpredictable demand and high margins (e.g., Zara fast-fashion apparel or high-end smartphones). Question 2: The Bullwhip Effect Describe the difference between "Cycle Stock" and "Safety
The correct answer is D. Push (speculative) strategies work for stable demand (functional products like toilet paper), while pull (reactive) strategies work for high uncertainty (innovative products like smartphones).
To ace your Supply Chain Management (SCM) midterm exam, you must master both theoretical frameworks and practical, data-driven calculations. SCM exams test your ability to optimize the flow of goods, information, and finances under conditions of uncertainty. Students should bring scientific calculators
"You are the supply chain director for a laptop manufacturer. Your in-house production cost is $450 per unit, with a fixed cost of $1M. A contract manufacturer in Vietnam offers $480 per unit with zero fixed cost. At what volume are you indifferent between the two options?"
Understanding how small fluctuations in retail demand amplify as they move upstream toward manufacturers and suppliers. Category 1: Conceptual & Analytical Questions Question 1: Fisher's Framework Matrix
Total landed cost typically includes: A) Manufacturing cost only B) Transportation, tariffs, and inventory carrying costs C) Marketing and sales commissions D) Overhead but not duties
Even if your exam provides formula sheets, write out the formulas for EOQ, ROP, Safety Stock (with both variable demand and variable lead time), Moving Averages, and MAD by hand. Understanding the relationship between the numerator and denominator prevents math errors under pressure.
