This report is structured to simulate a study guide or an instructor’s exam blueprint. It categorizes questions by topic, provides specific examples (Multiple Choice, Short Answer, and Quantitative/Problem Solving), and offers insights into what instructors are looking for in answers.
Most professors use a mix of multiple-choice, short answer, and quantitative problems. Here is what you will likely see. supply chain management midterm exam questions
A retailer sells 500 units/week of a product at $10 each. Holding cost is 20% of unit cost, and ordering cost is $50 per order. Lead time is 2 weeks. Calculate: This report is structured to simulate a study
- Economic Order Quantity (EOQ)
- Reorder point (assuming constant demand and no safety stock)
Sample Question: "You are the supply chain director for a laptop manufacturer. Your in-house production cost is $450 per unit, with a fixed cost of $1M. A contract manufacturer in Vietnam offers $480 per unit with zero fixed cost. At what volume are you indifferent between the two options?" Concept: The alignment between supply chain strategy and
The Math:
Short Answer Follow-up: "Name one hidden cost of outsourcing that is not reflected in the unit price."