Supply Chain Management Midterm Exam Questions -

Sample Question: "A fashion retailer buys winter coats for $80 each and sells them for $150. After January, leftover coats are sold to a discounter for $40 each. Demand is normally distributed with a mean of 1,000 and standard deviation of 200. What is the Critical Ratio (Cu/(Co+Cu)) and the optimal order quantity?"

The Framework (Newsvendor Model):

Most professors use a mix of multiple-choice, short answer, and quantitative problems. Here is what you will likely see.

Answer hints:

Supply Chain Management midterms test the transition from theoretical knowledge to practical application. Success requires a dual focus: memorizing key definitions and frameworks for essay questions, and mastering the mathematical formulas for inventory and forecasting problems. Students who can link a calculated number (e.g., "High EOQ") back to a strategic implication (e.g., "This reduces ordering costs but increases storage costs") typically perform best.

Ready to create a quiz? Use Canvas to test your knowledge with a custom quiz Get started

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. supply chain management midterm exam questions

Below is a set of practice questions compiled from various academic midterm reviews. Part 1: Multiple Choice Questions Exam Questions for Supply Chain Analysts | PDF - Scribd

Supply Chain Management midterms typically cover the foundational aspects of the course, focusing on the "Plan, Source, Make, Deliver" framework. Exams generally consist of a mix of multiple-choice questions (testing definitions), quantitative problems (testing calculations), and essay/case study questions (testing strategic application). The core areas assessed are Inventory Management, Forecasting, Logistics/Transportation, and Strategic Sourcing.

Q5: EOQ Calculation A local electronics store sells 10,000 units of a specific printer cartridge annually. The fixed cost to place an order is $50. The holding cost per unit per year is $2. Assume 365 days a year. Sample Question: "A fashion retailer buys winter coats

  • b) What is the Total Annual Cost (excluding product cost)?

    • Q6: Reorder Point (ROP) Daily demand is 20 units. The lead time (time between placing order and receiving it) is 5 days. What is the Reorder Point?

    The Supply Chain Management midterm typically assesses students on three core pillars: Conceptual Understanding (definitions, theories), Strategic Application (decision-making frameworks), and Quantitative Analysis (inventory models and forecasting).

    This report outlines high-probability exam questions derived from standard SCM curriculum (often based on texts like Chopra & Meindl or Simchi-Levi). The questions are categorized by module to facilitate targeted studying. Most professors use a mix of multiple-choice, short