GSCM 201 Midterm (Latest Update 2026 /
2027) Questions & Answers {Grade A}
100% Correct
A Items - correct answer 70% of value, 10% of inventory
B Items - correct answer 20% of value, 20% of inventory
C Items - correct answer 10% of Value, 70% of inventory
EOQ (Economic Order Quantity) 3 Assumptions - correct answer 1. Demand is uniform
and known
2. Delivery is perfectly reliable and instant
3. Carrying cost, holding cost and unit price are constant
, EOQ (Economic Order Quantity) Purpose - correct answer Minimize the sum of
ordering and holding costs
Reorder Point - correct answer At what point you must reorder inventory
Formula: Average Daily Use * Lead Time
Supply Chain management - correct answer cooperation between different firms to
create value for customers
Operations management - correct answer the administration of transformation
process that create value for customers by meeting their needs or enabling them to
meet their own needs
2027) Questions & Answers {Grade A}
100% Correct
A Items - correct answer 70% of value, 10% of inventory
B Items - correct answer 20% of value, 20% of inventory
C Items - correct answer 10% of Value, 70% of inventory
EOQ (Economic Order Quantity) 3 Assumptions - correct answer 1. Demand is uniform
and known
2. Delivery is perfectly reliable and instant
3. Carrying cost, holding cost and unit price are constant
, EOQ (Economic Order Quantity) Purpose - correct answer Minimize the sum of
ordering and holding costs
Reorder Point - correct answer At what point you must reorder inventory
Formula: Average Daily Use * Lead Time
Supply Chain management - correct answer cooperation between different firms to
create value for customers
Operations management - correct answer the administration of transformation
process that create value for customers by meeting their needs or enabling them to
meet their own needs
