σL=σd×Lsigma sub cap L equals sigma sub d cross the square root of cap L end-root
: How do organizations achieve a "strategic fit" between their supply chain strategy and competitive strategy?
Based on common midterm materials for Supply Chain Management (SCM), here is a review of core concepts and practice questions focused on the essential "5 Phases" of SCM: Planning, Sourcing, Making, Delivering, and Returning OE Partners Core Review Topics The 3 V's of SCM Visibility (tracking goods), (speed of movement), and Variability (predicting changes). The 7 C's of Logistics
Focusing exclusively on unit price ignores the substantial systemic costs generated by extended global supply chains. A lower purchase price can easily be wiped out by elevated logistics, quality control, and holding costs. Four Hidden TCO Costs: supply chain management midterm exam questions
A local electronics store sells 2,500 units of a smartphone per year. The fixed ordering cost is $100 per order, and the holding cost is $5 per unit per year. Calculate the Economic Order Quantity (EOQ), the total annual ordering cost, and the total annual holding cost.
A supplier’s lead time variability most directly increases: A) Holding costs only B) Safety stock requirements C) Fixed ordering cost D) Unit purchase price
Minimizing total cost through economies of scale, high capacity utilization, and optimized logistics. σL=σd×Lsigma sub cap L equals sigma sub d
Q*=2×12,000×1504=3,600,0004=900,000=900 unitscap Q raised to the * power equals the square root of the fraction with numerator 2 cross 12 comma 000 cross 150 and denominator 4 end-fraction end-root equals the square root of the fraction with numerator 3 comma 600 comma 000 and denominator 4 end-fraction end-root equals the square root of 900 comma 000 end-root equals 900 units Calculate Total Cost ( TCcap T cap C
Forecasting is the baseline for all supply chain planning. Exams typically test both qualitative methods and quantitative models.
The management of the flow of goods, services, financials, and information from raw material suppliers to the final customer. Logistics vs. SCM: A lower purchase price can easily be wiped
Managing the average inventory resulting from batching production or purchasing. 3. Demand Forecasting
Shipment modes (air, truck, water), third-party logistics (3PL), and reverse logistics . Example Multiple-Choice Questions (MCQs)
: Discuss Michael Porter's concept of the value chain and how internal business functions create value.
Instructors typically design midterms to test —moving from simple recall (What is a bullwhip effect?) to complex application (Calculate the safety stock for a seasonal product).