Supply Chain Management Midterm Exam Questions
The midterm examination for Supply Chain Management (SCM) is designed to assess your understanding of core concepts, frameworks, and analytical tools covered in the first half of the course. The exam emphasizes both theoretical foundations and practical application in managing the flow of goods, information, and finances across the supply chain.
Supply Chain Management midterms typically cover the foundational aspects of the course, focusing on the "Plan, Source, Make, Deliver" framework. Exams generally consist of a mix of multiple-choice questions (testing definitions), quantitative problems (testing calculations), and essay/case study questions (testing strategic application). The core areas assessed are Inventory Management, Forecasting, Logistics/Transportation, and Strategic Sourcing.
Your cheat sheet for the exam room (if allowed):
| Concept | Formula | When to use |
| :--- | :--- | :--- |
| EOQ | ( \sqrt(2DS)/H ) | Balancing order cost vs. holding cost |
| ROP (Variable demand) | ( d \times L + (Z \times \sigma_LTD) ) | When to reorder |
| Critical Ratio | ( Cu / (Cu + Co) ) | Perishable goods / One-time buys |
| Utilization | Flow rate / Capacity | Finding bottlenecks |
| Little’s Law | Inventory = Throughput x Flow time | Linking time and quantity | supply chain management midterm exam questions
The following major areas will be tested:
Supply Chain Strategy & Drivers
Demand Forecasting
Inventory Management
Supply Chain Network Design
Sourcing & Procurement
Answer hints:
Answer hints:
Answer Key (MC): 1-b, 2-b, 3-b, 4-a, 5-c The midterm examination for Supply Chain Management (SCM)
