Supply Chain Management Midterm Exam Questions ((install)) 〈2026 Update〉

Part I: Multiple Choice (Select the best answer)

1. : Calculate total output value divided by total input cost [16]. Risk Priority Number (RPN) : In an FMEA analysis, calculate the RPN by multiplying Occurrence (O) × Severity (S) × Detection (D) Summary of SCM Pillars

   Economic Lot Scheduling: What is the main objective of economic lot scheduling? supply chain management midterm exam questions

   • TL: Full trailer. Lower cost per unit, faster transit, direct route. Best for high volume, stable demand.
   • LTL: Shared trailer. Higher cost per unit, slower due to consolidation hubs (cross-docking), higher risk of damage.
   • LTL Scenario: You would choose LTL when inventory holding costs are extremely high (e.g., perishable luxury goods) or when demand is sporadic and you cannot fill a truck without creating excess inventory.

   Sample Question:

   Supply chain management is a critical component of business operations, encompassing the planning, coordination, and execution of activities involved in sourcing, producing, and delivering products or services to customers. A well-managed supply chain can provide a competitive edge, improve customer satisfaction, and increase profitability. This midterm exam assesses your understanding of key concepts, principles, and practices in supply chain management. Part I: Multiple Choice (Select the best answer)