Supply Chain Management Exam III

Supply Chain Management Exam III

PLEASE ANSWER ALL QUESTIONS, EACH IS WORTH 10 POINTS.
*****PENALTY FOR UNTYPED ANSWERS: (-20 POINTS).
*****PENALTY FOR EVIDENCE OF TEAM ANSWERS: (-100 POINTS)

Supply Chain Management Exam III
1. Discuss the relationship between service level, uncertainty, safety stock, and order quantity. How can trade-
offs between these elements be made.
2. Compare and contrast the transportation principles of economy scale and economy of distance. Discuss how
they combine to create efficient transportation.
3a. Under what conditions could it make sense to combine private and public warehouses in a logistical
system?
b. Discuss the economic justification for establishing a warehouse.
4a. Discuss the logistics considerations for operating in a global environment.
b. Discuss the rationale and challenges related to sourcing from low-cost countries.
5a. The provincial government uses massive quantities of computer paper, which it buys centrally. The
purchasing department calculates an economic order quantity based on an assumed carrying cost rate of
30% per year. A box of printer paper cost $45, it costs $80 to process an order, and annual demand is for
44,000 boxes of paper.
i. What is the EOQ or Qopt? Provide computations for full points. No points for answers only.
b. Jangson Group purchase items from a vendor at a cost of $20 each, and the forecast for next year’s
demand is 1000 units. If it costs $5 every time an order is placed for more units and the storage cost is $4
per unit per year. Compute the following:
i. What is the EOQ or Qopt? Provide computation for full points. No points for answers only.
ii. What is the Total Ordering Cost for a year? Provide computation for full points. No points for
answers only.
iii. What is the Storage Cost for a year? Provide computation for full points. No points for answers
only.
6. Use these forecasted data for Jangson Group in questions 6-8 to compute the following:
a. Mean Error (ME):
b. Mean Absolute Deviation (MAD):
c. Mean Square Error (MSE):
d. Mean Absolute Percentage Error (MAPE):
Provide computation. No points for answers only.
Days Sales Forecast Error Absolute Error Square Error Absolute % Error
1 328 326
2. 310 337
3. 355 348
4 362 359
5. 375 369
6. 380 380
7. 408 391
8. 415 401
9. 417 412
10. 412 423
11. 429 434
12. 434 444
13. 449 455
14. 471 466
15. 475 476
16. 489 487
Total:
Mean:
7.
Days Sales Forecast Error Absolute Error Square Error Absolute % Error
1 10 10
2. 18 10
3. 29 11
4 15 13
5. 30 13
6. 12 15
7. 16 15
8. 8 15
9. 22 14
10. 14 15
11. 15 15
12. 27 15
13. 30 16
14. 23 17
15. 15 18
16. 20 18
Total:
Mean:
3
8.
Days Sales Forecast Error Absolute Error Square Error Absolute % Error
1 30 21
2. 12 25
3. 16 19
4 8 19
5. 22 12
6. 14 15
7. 15 15
8. 27 17
9. 30 19
10. 23 24
11. 15 27
12. 20 23
Total:
Mean:
IMPORT & EXPORT
9a. As an aspiring entrepreneur, discuss how you’ll launch your business on the Web in a potential foreign
market considering the sociocultural factors.
b. Discuss the two forms of financing in International Trade: Secured and Unsecured.
10. Discuss the types of risks for doing business in the global markets and how to avoid them.
DUE DATE: 4/12/2020 TIME: 12:00 midnight
PENALTY FOR LATENESS: -10 POINTS
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