FRAUD ALERT
Be aware of multiple fraudulent text scams requesting payment for NCDMV fees, fines or tolls. NCDMV will NEVER request payment by text. Please report it as spam and delete. Learn More
He pulled out his phone and texted his old internship boss: “Do we have a secondary source for wiring harnesses? I’ll explain later.”
a) Delay payment to suppliers until the goods are sold. b) Delay the final differentiation of a product until close to the actual customer demand. c) Hold inventory at a central location to delay shipping costs. d) Delay production until the last possible moment to save on electricity.
). Calculate the required Safety Stock and the final Reorder Point (ROP).
Midterms almost always include math problems. Students should bring scientific calculators. The following are the most common quantitative topics: supply chain management midterm exam questions
Inventory represents a massive capital investment. Exams heavily emphasize mathematical models and strategies used to prevent both stockouts and overstocking. Core Concepts to Review
Cu (Underage cost) = Profit = ( 40 - 15 = 25 ) Co (Overage cost) = Loss = ( 15 - 5 = 10 ) Critical Ratio = ( 25 / (25 + 10) = 25 / 35 = 0.714 ) Interpretation: You should order enough sweaters to cover demand 71.4% of the time.
Total Cost=(10,000707.11×50)+(707.112×2)Total Cost equals open paren the fraction with numerator 10 comma 000 and denominator 707.11 end-fraction cross 50 close paren plus open paren 707.11 over 2 end-fraction cross 2 close paren He pulled out his phone and texted his
When faced with a messy case, draw the supply chain map: Supplier -> Manufacturer -> Distributor -> Retailer -> Customer. Draw the arrows for information flow (orders) vs. product flow (goods).
Explain why evaluating a foreign supplier based solely on the unit purchase price is a critical mistake. List four hidden costs that must be factored into a comprehensive Total Cost of Ownership analysis. Answer:
: Calculate the optimal order size to minimize total inventory holding and ordering costs [3, 13]. Center-of-Gravity Method c) Hold inventory at a central location to
Many midterm exams feature a single comprehensive problem that requires you to calculate forecasting data, feed that data into an EOQ formula, and then determine safety stock values. Practice connecting these formulas together.
When tackling complex network or bullwhip questions, visually map out the steps from raw material to customer.
When inventory hits 574 units, place a new order.