Supply Chain Management Midterm Exam Questions

. This pillar emphasizes the importance of seeing disruptions in real-time to maintain operations. www.imd.org Key Formulas to Remember Inventory Turnover Cost of Goods Sold (COGS) Average Inventory

Flexibility, speed, and agility to adapt quickly to volatile or uncertain demand.

A well-constructed midterm will not test these in isolation. Instead, it will force you to see how a change in procurement (e.g., switching to a cheaper supplier) affects inventory (higher safety stock) and logistics (longer lead times). supply chain management midterm exam questions

Managing Facilities, Inventory, Transportation (logistical) alongside Information, Sourcing, and Pricing (cross-functional). 2. Demand Forecasting

Find the z-score for a 95% CSL using a standard normal distribution table: z≈1.645z is approximately equal to 1.645 Calculate Safety Stock ( SScap S cap S A well-constructed midterm will not test these in isolation

Why is the purchase price of an item a poor metric for evaluating an international supplier? Give two examples of hidden costs.

Allocating market demand to specific facilities while minimizing fixed and variable costs. The standard phases are Planning

Capital tied up in transit for weeks while goods cross oceans.

. The standard phases are Planning, Sourcing, Making, Delivering, and Returning. OE Partners 2. Manufacturing Process Identification A process where the of a product changes is known as: A) Fabrication B) Conversion C) Assembly D) Testing B) Conversion