Midterm Quiz SCM

Surveys and interviews, industry benchmarks, competitive analyses are common types of ____________ forecasting method.

Which entity is the first stage in a typical supply chain?

• Manufacturer

• Supplier

• Distributor

• Retailer

Which demand forecasting method uses the average of a fixed number of past periods to predict future demand?

• Regression analysis

• Exponential Smoothing

• Simple Moving Average

• Delphi Method

If daily demand is 10 units and lead time is 5 days, what is the reorder point without safety stock?

• 15 units

• 100 units

• 5 units

• 50 units

What phenomenon describes demand variability amplification up the supply chain?

• Lean manufacturing

• Bullwhip effect

• Demand in market

• Cross-docking

A company wants to maintain a 95% service level. Which component must be included in the reorder point calculation?

• Economic order quantity

• Safety stock

• Order lead time

• Annual demand

Which stage of the supply chain involves converting raw materials into finished goods?

• Sourcing

• Customer service

• Manufacturing

• Distribution

In a multi-echelon inventory system, what is the primary goal?

• Increase order frequency

• Minimized total holding costs across all locations

• Simplify supplier lead times

• Maximize performance of singe warehouse

What does the KPI 'inventory turnover ratio' measure?

• Perfect order rate

• Average days inventory held

• Order fulfillment cycle time

• Number of times inventory is sold and replaced

Which inventory control technique classifies items into categories based on their value and usage?

• Just-in-time (JIT)

• Economics Order Quantity (EOQ)

• ABC analysis

• FIFO method