Midterm Exam Questions Updated — Supply Chain Management

"A fashion retailer buys winter coats for $80 each and sells them for $150. After January, leftover coats are sold to a discounter for $40 each. Demand is normally distributed with a mean of 1,000 and standard deviation of 200. What is the Critical Ratio (Cu/(Co+Cu)) and the optimal order quantity?"

Short essay: Discuss how digital technologies (IoT, blockchain, AI) change procurement, inventory visibility, and traceability—give specific use cases. supply chain management midterm exam questions

The forecast for June was 500 units. Actual demand in June was 550 units. Use a smoothing constant ($\alpha$) of 0.2 to calculate the forecast for July. "A fashion retailer buys winter coats for $80

: Discuss the criteria used to decide whether to manufacture a product in-house or outsource it. What is the Critical Ratio (Cu/(Co+Cu)) and the

Concepts like Safety Stock , inventory turns, and the Economic Order Quantity (EOQ) model.

If annual demand is 10,000 units, ordering cost is $50/order, and carrying cost is 25% of the $100 unit cost, calculate the Total Annual Cost for an order quantity of 1,000 units [8].