Supply Chain Management Midterm Exam Questions -

These questions test your understanding of what SCM is and its primary goals. Definition of SCM

Answer guidance: Days of Supply = 365 ÷ Inventory Turns = 365 ÷ 12 = approximately 30.4 days of supply.

A classic exam trap is giving demand in months but holding costs in years . Always convert all time frames to match before calculation. supply chain management midterm exam questions

Q*=2×10,000×502=500,000≈707.11 unitscap Q raised to the * power equals the square root of the fraction with numerator 2 cross 10 comma 000 cross 50 and denominator 2 end-fraction end-root equals the square root of 500 comma 000 end-root is approximately equal to 707.11 units

If you are working through a specific practice exam or syllabus, let me know. I can create additional problems tailored to your needs. Share public link These questions test your understanding of what SCM

Focusing exclusively on unit price ignores the substantial systemic costs generated by extended global supply chains. A lower purchase price can easily be wiped out by elevated logistics, quality control, and holding costs. Four Hidden TCO Costs:

Which of the following does NOT fit with an efficient supply chain? Always convert all time frames to match before calculation

: Planning, Sourcing, Manufacturing, Distribution, and Returning (Reverse Logistics) [31, 33]. (speed of flow), Visibility (transparency), and Variability (fluctuations) [37]. The 7 C's of Logistics

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

Be ready to graph the relationship between inventory costs and transport costs, or the relationship between responsiveness and efficiency. Professors love grading visual understanding.