SCM 490 Midterm Exam
Be able to do the following:
Define supply chain management. Explain what is meant by each of the “4Cs” of supply chain management. What steps are involved in a supply chain audit? What metrics are involved? Be able to do a Pareto analysis on some data. Include a Pareto plot with the cumulative frequencies. Explain the consequences of volatility produced by the bullwhip effect? Describe the key supply chain features of supply chain structures. Explain the impacts of chain structure, capacity, and uncertainty on network performance? Describe the pros and cons of simulation? Of animation? Fill in blanks of an Excel simulation, cumulative distribution, including random number assignment, and other cells of a simulation. Explain the main issue in the Winstar Case and what the impact on the supply chain? Explain whether Best Cookies should eliminate their return policy.