SCM 300 Exam 2026 Questions and
Answers
is the Efficient Integration of suppliers, transporters, manufacturers, warehouses,
retailers and all other parties associated with the delivery of the final product.·
Achieve Goals - Cost, Speed, Quality..
· Efficient Execution - Get things done right, but with minimal effort and resources
Manage Resources - People, Materials, Machines.. - Correct answer-Supply Chain
Management
firm whose business include former suppliers and/or customers;Form of business
organization in which all stages of production of a good, from the acquisition of
raw materials to the retailing of the final product, are controlled by one company. A
current example is the oil industry, in which a single firm commonly owns the oil
wells, refines the oil, and sells gasoline at roadside stations. - Correct answer-
Vertically Integrated Firm
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,Inventory Visibility - Correct answer-the ability of an organization to "see"
inventory on a real-time basis throughout its logistics and/or supply chain system.
Reverse Logistics - Correct answer-along the supply chain intermediate and end
customers may need to return or recycle productsreverse logistics is the process of
moving goods from their typical final destination for the purpose of capturing
value, or proper disposal. Remanufacturing and refurbishing activities also may be
included in the definition of reverse logistics."
Demand Management - Correct answer-a proactive approach in which managers
attempt to influence either the pattern or consistency of demand
Supplier Management - Correct answer-encouraging or helping the firms suppliers
to perform in some desired fashion. Involves assessing suppliers capabilities and
then deciding how to improve them.
Second tier suppliers and customers - Correct answer-a supplier's suppliers and a
customer's customers
lean production system (JIT) - Correct answer-Production system designed for
smooth production flows that avoid inefficiencies, eliminate unnecessary
inventories, and continuously improve production processes
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, Logistics decisions and trade-offs - Correct answer-decisions that involve trade-
offs between cost and delivery timing or customer service. Trucks are typically
more expensive than rail roads but offer more speed and flexibility. Air is more
expensive but faster. All these decisions must be considered for a successful SC.
Business process reengineering - Correct answer-rethinking and radical redesign of
business processes to improve performance, quality, and productivity.
Four trends in SCM - Correct answer-Expanding and contracting the supply chain
Increasing Supply Chain responsiveness
The greening of supply chains
Reducing supply chain costs
What are the competitive priorities of SCM - Correct answer-Cost
Quality
Speed/Time
Flexibility
Operations Management - Correct answer-Design, operation, and improvement of
the production systems that efficiently transform INPUTS into Finished Goods &
Services, maximizing productivity.
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Answers
is the Efficient Integration of suppliers, transporters, manufacturers, warehouses,
retailers and all other parties associated with the delivery of the final product.·
Achieve Goals - Cost, Speed, Quality..
· Efficient Execution - Get things done right, but with minimal effort and resources
Manage Resources - People, Materials, Machines.. - Correct answer-Supply Chain
Management
firm whose business include former suppliers and/or customers;Form of business
organization in which all stages of production of a good, from the acquisition of
raw materials to the retailing of the final product, are controlled by one company. A
current example is the oil industry, in which a single firm commonly owns the oil
wells, refines the oil, and sells gasoline at roadside stations. - Correct answer-
Vertically Integrated Firm
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,Inventory Visibility - Correct answer-the ability of an organization to "see"
inventory on a real-time basis throughout its logistics and/or supply chain system.
Reverse Logistics - Correct answer-along the supply chain intermediate and end
customers may need to return or recycle productsreverse logistics is the process of
moving goods from their typical final destination for the purpose of capturing
value, or proper disposal. Remanufacturing and refurbishing activities also may be
included in the definition of reverse logistics."
Demand Management - Correct answer-a proactive approach in which managers
attempt to influence either the pattern or consistency of demand
Supplier Management - Correct answer-encouraging or helping the firms suppliers
to perform in some desired fashion. Involves assessing suppliers capabilities and
then deciding how to improve them.
Second tier suppliers and customers - Correct answer-a supplier's suppliers and a
customer's customers
lean production system (JIT) - Correct answer-Production system designed for
smooth production flows that avoid inefficiencies, eliminate unnecessary
inventories, and continuously improve production processes
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
, Logistics decisions and trade-offs - Correct answer-decisions that involve trade-
offs between cost and delivery timing or customer service. Trucks are typically
more expensive than rail roads but offer more speed and flexibility. Air is more
expensive but faster. All these decisions must be considered for a successful SC.
Business process reengineering - Correct answer-rethinking and radical redesign of
business processes to improve performance, quality, and productivity.
Four trends in SCM - Correct answer-Expanding and contracting the supply chain
Increasing Supply Chain responsiveness
The greening of supply chains
Reducing supply chain costs
What are the competitive priorities of SCM - Correct answer-Cost
Quality
Speed/Time
Flexibility
Operations Management - Correct answer-Design, operation, and improvement of
the production systems that efficiently transform INPUTS into Finished Goods &
Services, maximizing productivity.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
