To prepare effectively for an SCM midterm, students should be able to:
Answer hints:
Your cheat sheet for the exam room (if allowed): supply chain management midterm exam questions
| 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 | To prepare effectively for an SCM midterm, students