Supply Chain Management Midterm Exam Questions

X=∑(xi×Vi)∑Vi,Y=∑(yi×Vi)∑Vicap X equals the fraction with numerator sum of open paren x sub i cross cap V sub i close paren and denominator sum of cap V sub i end-fraction comma space cap Y equals the fraction with numerator sum of open paren y sub i cross cap V sub i close paren and denominator sum of cap V sub i end-fraction

Understanding how small fluctuations in retail demand amplify as they move upstream toward manufacturers and suppliers. Category 1: Conceptual & Analytical Questions Question 1: Fisher's Framework Matrix

You are the SCM manager for a regional grocery chain. Demand for fresh produce has high variability. The current forecasting method (naïve) is causing stockouts or waste. Propose a better forecasting method and justify it. Then recommend an inventory policy for the produce category. supply chain management midterm exam questions

A distributor has a daily demand for industrial valves that is normally distributed with a mean ( ) of 50 units and a standard deviation ( σDsigma sub cap D ) of 8 units. The replenishment lead time (

Which of the following best describes the difference between a "push" and a "pull" supply chain? The current forecasting method (naïve) is causing stockouts

) increases, your safety stock must increase because your exposure to demand uncertainty lasts longer.

Assigns specific weights to past periods, prioritizing newer data. Exponential Smoothing: Reorder Point (ROP) and Safety Stock A distributor has a daily demand for industrial

: Calculate the optimal order size to minimize total inventory holding and ordering costs [3, 13]. Center-of-Gravity Method

A distributor has a steady daily demand of 50 units for a specific item. The lead time from the supplier is 6 days. The company chooses to maintain a safety stock of 150 units to prevent stockouts. Calculate the Reorder Point (ROP). Formula: Step-by-Step Calculation: Calculate lead time demand: Add safety stock: