SCM 6016 Midterm Exam Review Spring 2025 PDF

SCM 6016 Midterm Exam Review\ Spring 2025 (Fully Online)\ \ The midterm exam will be online via Honorlock on Tuesday, 1/28/25, starting at 6:30pm and ending at 9:00pm. The exam will be closed book and closed notes and will consist of the below types of questions.\ \ True/False = 10 questions (1.5...

SCM 6016 Midterm Exam Review\ Spring 2025 (Fully Online)\ \ The midterm exam will be online via Honorlock on Tuesday, 1/28/25, starting at 6:30pm and ending at 9:00pm. The exam will be closed book and closed notes and will consist of the below types of questions.\ \ True/False = 10 questions (1.5 pts each) = 15 points\ Multiple Choice = 30 questions (1.5 pts each) = 45 points\ Short-Answer = 5 questions (5 pts each) = 25 points\ Case analysis = 3 questions (5 pts each) = 15 points\ Total points = 100 points\ \ Please read the attached Honorlock Student Exam Taking Guide before the date of the exam. If you have any issues connecting to the exam via Honorlock on the exam date, contact Honorlock Live Chat at (). If Honorlock is unable to assist you, then send me an email in Canvas and I will reply to you promptly to assist.\ \ If you have a time conflict (i.e. taking another class at the same time as the exam, working at the same time as the exam, etc.), please reply to this email by Wed, 1/22/25, by 8pm to let me know. I will reply to you to let you know how to proceed with an adjusted exam date and/or time.\ \ In order to do well on the exam, you will need to understand all of the below concepts. An effective study strategy would be first to review and understand the definition of the concepts from the PowerPoint slides and then locate the concepts in the text so you can gain some additional knowledge of each concept.\ \ I hope you find this review to be helpful. Please let me know if you have any questions.\ \ Prof Yap\ \ \-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\--\ \ Exam Section 1 Question types\ True/False -- 10 questions (1.5 pts each) = 15 pts\ Multiple Choice -- 30 questions (1.5 pts each) = 45 pts\ \ Exam Section 1 exam material content\ Textbook chapters and PPTs Chapters 1 to 8 (see below for concept details by chapter).\ It is recommended that you first review the chapter PPTs for the targeted concepts and then refer to the textbook for additional details and examples of each of the concepts.\ \ Chapter 1\ What is the objective of every supply chain?\ Consumer surplus\ Push/pull view of a supply chain\ Supply chain surplus\ Cycle view of a supply chain\ Customer order arrival\ Customer order entry\ \ Chapter 2\ Implied demand uncertainty\ Supply chain efficiency\ Cost-responsiveness efficient frontier\ Scope of strategic fit\ \ Chapter 3\ What are the two major types of facilities? (one type is a production site)\ Limitations of a facility with little excess capacity\ Limitation of a high utilization facility\ Cycle inventory\ Facilities\ Safety inventory\ Forecasting\ Aggregate planning\ Supply lead time\ \ Chapter 4\ Advantage of a distribution network with local storage\ Advantage of a well-structured omni-channel supply chain\ Response time\ Inbound transportation costs\ Correlation between number of facilities and cost of inventory\ Correlation between desired response time and number facilities needed\ \ Chapter 5\ Correlation between transportation costs and number of facilities needed\ \ Chapter 6\ Mix flexibility\ \ Chapter 7\ Definition of causal forecasting methods\ Definition of qualitative forecasting methods\ Definition of time-series forecasting methods\ Definition of a static forecasting method\ Definition of adaptive forecasting methods\ \ Chapter 8\ Aggregate planning\ Production rate\ Inventory on hand\ Chase strategy\ Level strategy\ \ Exam Section 2 Question Type\ Short Answer -- 5 questions (5 pts) = 25 pts\ \ Calculate ROA when given specific financial data such as sales, COGS, and fixed costs\ Compare cycle inventory and safety inventory\ Correlation between number of facilities and transportation cost\ Customer surplus definition and examples\ Compare customer order arrival and customer order entry\ \ Exam Section 3 Question Type\ Supply Chain at Wal-Mart Case Analysis -- 3 questions (5 pts) = 15 pts\ \ Once you connect to Honorlock, you will have an opportunity to print the Wal-mart case on your personal printer or you can view the Wal-mart case on the computer while you take the exam.\ \ Please note that students are not allowed to bring a copy of the Wal-mart case into the exam.\ \ You can use the below questions to help prepare for the case analysis portion of the midterm exam. You will need to analyze and then type your analysis using a minimum of 2 to 3 paragraphs for each case question.\ \ 1. What is your analysis of Wal-Mart's supply chain? Are the company's supply chain capabilities still a source of competitive advantage? Why or why not? Provide 3 specific examples to support your answer.\ 2. Is the company's target for maintaining inventory growth at a rate of 50 percent of sales growth reasonable? Provide specific details to support your answer. (See PPT with updated financials for Wal-Mart).\ 3. If you were Wal-Mart's president and CEO, what steps would you take to improve the company's supply chain? Provide 3 specific recommendations with your justification.\ \ The exam is closed books and closed notes and students will complete the exam online via Honorlock.\ \ For this exam, you will need to bring a calculator to the exam or you can use the calculator that will be provided online via Honorlock.\ \ Thank you and I hope you find the above review helpful in preparing for the upcoming exam. Please let me know if you have any questions.\ \ Prof Yap