Supply Chain Management Midterm Exam Questions Today

Midterms often test your ability to balance Location , Production , Inventory , and Transportation .

A global printer manufacturer produces devices with country-specific power supplies and instruction manuals. Historically, they packaged these localized goods at their central factory in Asia, leading to high inventory costs and frequent stockouts in European regional warehouses.

Keep these core formulas handy for quick reference during your revision sessions. Formula Name Mathematical Equation Key Variables Defined =Annual demand, =Setup/Order cost, =Holding cost Reorder Point (Variable Demand) =Avg daily demand, =Lead time, σdsigma sub d =Std Dev of demand Inventory Turnover Ratio Measures how many times inventory is sold and replaced Little's Law =Avg inventory, =Throughput rate, =Flow time Cash-to-Cash Cycle Time =Days Inventory, =Days Sales, =Days Payable Active Study Strategies for Exam Day

Supply chain management (SCM) midterm exams typically focus on foundational concepts such as the 5 pillars (Plan, Source, Make, Deliver, Return), demand forecasting, and strategic network design.

coordinates for the new facility using the Center-of-Gravity method. Formula: supply chain management midterm exam questions

Identify the five core stages of SCM: Plan, Source, Make, Deliver, and Return [21, 32, 35].

TC=(DQ*×S)+(Q*2×H)cap T cap C equals open paren the fraction with numerator cap D and denominator cap Q raised to the * power end-fraction cross cap S close paren plus open paren the fraction with numerator cap Q raised to the * power and denominator 2 end-fraction cross cap H close paren

As he left the hall, Leo realized the true genius of the exam: the questions didn’t have right answers. They had responsibilities . And that was the whole point of supply chain management. Not to move boxes. To move choices—each one a tiny ship deviating south, a lemonade stand amplifying chaos, a surgeon’s hand waiting for a kit that might not come.

Total Cost of Ownership (TCO), supplier selection, and outsourcing risks. Midterms often test your ability to balance Location

When reading case study questions, visually map the supply chain on scratch paper. Sketch factories, warehouses, distribution centers, and retailers. This clarifies flow directions and highlights where bottlenecks form.

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Moving Averages, Exponential Smoothing, and Linear Regression. You must understand how to calculate and interpret forecast error using Mean Absolute Deviation (MAD) or Mean Squared Error (MSE). 4. Inventory Management (Foundational)

These questions provide a real-world scenario and ask the student to diagnose problems and propose solutions. Keep these core formulas handy for quick reference

Midterm exams heavily feature quantitative problems. You must memorize core inventory and forecasting formulas and understand how to apply them. Inventory Management & Economic Order Quantity (EOQ)

For the redesign: “Never have a single source for mission-critical goods. Build a ‘redundancy fund’ equal to 5% of procurement budget. And require every supplier to publish live, audited shift logs to a blockchain—no anonymity, no excuses.”

SS=1.645×5×2=16.45 unitscap S cap S equals 1.645 cross 5 cross 2 equals 16.45 units The required safety stock is (rounded up). 2. Calculate Reorder Point (ROP):

This shifts the decoupling point further down the supply chain. By aggregating demand at the generic product level, the manufacturer benefits from risk pooling. This drastically reduces safety stock requirements, eliminates excess inventory of unpopular models, and raises service levels across all European regions. Essential SCM Formulas Cheat Sheet