Supply Chain Management Midterm Exam Questions !new! -
Define the bullwhip effect and list three operational causes. What strategies can a manufacturing firm implement to mitigate its impact? Drivers of Supply Chain Performance
Understanding the framework by Marshall Fisher. Functional products (like groceries) require efficient, low-cost supply chains. Innovative products (like high-end electronics) require responsive, fast supply chains.
Most university-level SCM midterms cover the first half of the semester, focusing on foundational strategy, network design, and inventory mechanics. Expect questions divided among these five primary pillars: 1. Strategic Frameworks supply chain management midterm exam questions
The Triple Bottom Line evaluates supply chain performance across three dimensions: Profit (economic viability – e.g., cost reduction), People (social responsibility – e.g., fair labor practices), and Planet (environmental impact – e.g., carbon footprint). A sustainable SCM strategy optimizes all three, not just profit.
EOQ=2DSHcap E cap O cap Q equals the square root of the fraction with numerator 2 cap D cap S and denominator cap H end-fraction end-root = Annual demand (10,000) = Ordering cost per order ($50) = Holding cost per unit per year ($4) Define the bullwhip effect and list three operational causes
Midterms often include a process flow diagram. You might be asked to calculate throughput, identify bottlenecks, or re-sequence tasks.
Flexibility, speed, and agility to adapt quickly to volatile or uncertain demand. Expect questions divided among these five primary pillars: 1
Calculate the total annual holding and ordering costs at this operational volume. Use the standard EOQ formula:
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Answer guidance: Improvements might include: implementing e-procurement systems to automate requisitions and approvals, standardizing purchase order processes, establishing clear approval workflows, integrating P2P with ERP systems, reducing manual data entry through electronic data interchange (EDI), and implementing vendor-managed inventory programs.