Questions: Supply Chain Management Midterm Exam

These questions test your ability to apply theory to real-world scenarios:

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Which of the following is a type of supply chain strategy? a) Make-to-order b) Make-to-stock c) Assemble-to-order d) All of the above supply chain management midterm exam questions

“Mr. Kim,” she said softly. “Did you find the answer you were looking for?”

Days Inventory Outstanding + Days Sales Outstanding - Days Payable Outstanding These questions test your ability to apply theory

Briefly describe how vendor-managed inventory (VMI) works and one major advantage and one potential drawback.

List three ways that a supply chain can benefit from the reduction in buffer inventories. Kim,” she said softly

Inventory concepts are tested with both conceptual questions and quantitative problems:

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

The bullwhip effect refers to the phenomenon where forecast distortions and demand variability amplify as you move further upstream in the supply chain (from retailer to manufacturer to raw material supplier). Primary Causes:

Demand forecast updating based on immediate order history rather than true consumer demand. Order batching to minimize shipping costs.