SCM 3301

Supply Chain Management Fundamentals

Exam 1 Review

Examination Format:
34 Multiple Choice Questions
[11 Computational & 23 Conceptual]
3 points each
Maximum Exam Score = 102 points

• You will have 75 minutes to complete the exam.

• This examination is closed book and closed notes.

• You may NOT use cellular phones, iPods, smart watches, or any other electronic devices.
• Select the ONE best response for multiple choice problems.

• All Blackboard functionality will be disabled completely during ALL the days the exam is being
administered. For studying, you should download any study materials for viewing offline no later than the
day before the exam. You can still use MyOMLab for studying by using your username and password at
https://www.pearsonmylabandmastering.com.
• Contact https://support.pearson.com/getsupport if you are having difficulty with access.
• Instructional Assistants will hold extensive office hours for a couple of days prior to the exam start. After
the exam begins, Instructors and Instructional Assistants will NOT be available to answer exam related
questions to keep the exam fair for all students.

• Credit is only given for answers saved by the testing software.

Exams will come from a blend of material covered in class AND selected material covered in the textbook. Exam material
may be taken from ANY information given during class sessions either through the PowerPoint slides or Instructor
Lecture. Additionally, the following is a summary of the sections from the book from which exam material may be taken.
Calculations included on the exam are shaded in BLUE.

1.1: Why Study Operations and Supply Chain Management

1.2: Important Trends

Not covered on the exam: Section 1.3 Not covered on the exam: Section 1.4

2.1: Elements of the Business

2.2: Strategy
2.3: Operations and Supply Chain Strategies Calculating Value

9.1: Forecast Types

9.2: Laws of Forecasting
9.3: Selecting a Forecasting Method
9.4: Qualitative Forecasting Methods
9.5: Time Series Forecasting Models (Only the calculations covered in class):
Calculating Last Period (Naïve) Forecast
Calculating Moving Average Forecast
Calculating Weighted Moving Average Forecast
Using Exponential Smoothing Forecast (given the smoothing constant alpha)

NOT covered on the exam: Adjusted Exponential Smoothing as described in the textbook
NOT covered on the exam: Seasonal Adjustments
NOT covered on the exam: Section 9.6

You must know the definitions of Adjusted Exponential Smoothing, Linear Regression, and Seasonally Adjusted
Linear Regression as described in class and in the class notes.
You must know how to USE a Linear Regression equation to make a forecast as covered in class.
You must know the difference between causation and correlation as described in class

9.7: Measures of Forecast Accuracy

Calculating Forecast Error
Calculating Mean Forecast Error
Calculating Mean Absolute Deviation
Calculating Mean Absolute Percentage Error
Calculating Tracking Signal
Calculating Running Sum of Forecast Error as demonstrated in class and in practice problems
Calculating Mean Squared Error as demonstrated in class and in practice problems
9.8: Computer-Based Forecasting Packages
9.9: Collaborative Planning, Forecasting and Replenishment

10.1: S&OP in the Planning Cycle

10.2: Major Approaches to S&OP [NOT Calculations]
10.3: Organizing For and Implementing S&OP
10.4: Services Considerations
10.5: Linking S&OP Throughout the Supply Chain

NOT covered on the exam: Section 10.6

Pictures of the formulas will be posted next to the relevant questions within the exam.
The pictures used on the exam are displayed below.