SCM 300 Exam 1Supply Chain Management SCM
Procurement Operations Logistics Reverse
Logistics Global SCM 1st-tier Suppliers 2nd-tier
Suppliers Upstream Downstream Flow Materials
Money Information Business Model Visibility
Profit ROI Competitive Priorities Cost Quality
Speed Flexibility Core Competencies
Productivity Value Primary Goals Efficiency
Adaptability Waste Elimination SC Strategy SC
Tools Supply Chain Anatomy Purchasing
Manufacturing Transportation Distribution Exam
Questions Verified and Provided with Complete
A+ Graded Rationales Latest Updated 2026
Supply Chain Management (SCM)
the effective and efficient integration of the suppliers, manufacturers, transportation organizations, and
any other party responsible for collectively bringing products to market
Procurement
This is known as the purchasing branch of a company. They're responsible for getting materials,
equipment, products, and services for their company. They have to find suppliers, choose the one that
gives the best value, negotiate purchase terms, place orders, and develop a long term relationship with
supplier so that consistent quality can be expected from the supplier over a long period of time
Operations
Branch of the supply chain responsible for making business processes effective and efficient. They seek
to help the company create high quality products/services while using the fewest resources possible.
,They have to try to do things faster with as few workers and machines as possible and they need to have
things done right before the customer needs them
Logistics
branch responsible for finding the right transportation and storage partners to successfully navigate the
flow of materials from the point of origin to the final destination
Reverse Logistics
the management of products that flow backward in the supply chain, away from the consumer and back
in the direction of manufacturers. (the management of materials moving upstream in the supply chain)
Global SCM
Effective and efficient management of supply chain partners across multiple countries
1st-tier suppliers
a company's direct suppliers. A firm that directly provides goods/services to a company.
Downstream supply chain
the direction that points toward the end consumer in a supply chain. (it goes to the right in the chain)
In order for supply chains to function and develop, three things must continuously flow: ____________,
_____________, and _________________.
Materials, Money, and Information
,Business Model
a company's plan for how it will purchase items, transform them, deliver them, and sell them in an effort
to produce a profit
Supply Chain visibility
the ability to see what is happening with inventory upstream and downstream in a supply chain.
You want to be able to predict and account for the demand before you need it and how much will get
there by a certain time. the ability to do this is inventory/supply chain visibility
Profit's relationship to SCM
Profit = Revenue - Cost
Costs involved in Supply chain include: materials, labor, energy, transportation, packaging, storage,
defects, insurance...
Competitive priorities
Cost, Quality, Speed, and Flexibility
Tracking performance in cost, quality, speed, and flexibility is vital to knowing whether the company is
meeting its goals in the present and working towards better performance in the future.
Each industry has different competitive priorities.
For example fast food places focus on low cost, average but consistent quality, quick delivery, and
flexibility regarding what you put on a burger.
, While sit down restaurants focus on high quality burgers, reasonable delivery times, specialty burger,
and charge a higher price
Core competencies
primary advantages a company has over its competitors. Typically a core competency is extremely
difficult or near impossible to replicate
Productivity vs. Value
Value= output purchased / inputs used to purchase the products or service.
Value can be increased by giving the customer more for the same price, or by giving them the same
amount at a lower price.
Ex: amt of soup / $ paid for the soup
Productivity= The ratio of outputs to inputs. From a manufacturing perspective companies seek to
maximize the amount of outputs that can be produced and delivered to market while minimizing the
required inputs. Productivity is a relative term, so typically it can only be compared to the productivity of
periods that precede the present productivity.
Ex: if you make 200 of something and each one of it valued at $10 and the material cost were $1000
total to create them all the productivity would be the {amt (200) * the value ($10)} / the total cost to
make them ($1000) = 2000/1000= Productivity = 2
Primary Supply Chain Goals
goal is effectiveness, efficiency, and adaptability. To make high quality products in a timely fashion while
meeting the needs of a customer.
Procurement Operations Logistics Reverse
Logistics Global SCM 1st-tier Suppliers 2nd-tier
Suppliers Upstream Downstream Flow Materials
Money Information Business Model Visibility
Profit ROI Competitive Priorities Cost Quality
Speed Flexibility Core Competencies
Productivity Value Primary Goals Efficiency
Adaptability Waste Elimination SC Strategy SC
Tools Supply Chain Anatomy Purchasing
Manufacturing Transportation Distribution Exam
Questions Verified and Provided with Complete
A+ Graded Rationales Latest Updated 2026
Supply Chain Management (SCM)
the effective and efficient integration of the suppliers, manufacturers, transportation organizations, and
any other party responsible for collectively bringing products to market
Procurement
This is known as the purchasing branch of a company. They're responsible for getting materials,
equipment, products, and services for their company. They have to find suppliers, choose the one that
gives the best value, negotiate purchase terms, place orders, and develop a long term relationship with
supplier so that consistent quality can be expected from the supplier over a long period of time
Operations
Branch of the supply chain responsible for making business processes effective and efficient. They seek
to help the company create high quality products/services while using the fewest resources possible.
,They have to try to do things faster with as few workers and machines as possible and they need to have
things done right before the customer needs them
Logistics
branch responsible for finding the right transportation and storage partners to successfully navigate the
flow of materials from the point of origin to the final destination
Reverse Logistics
the management of products that flow backward in the supply chain, away from the consumer and back
in the direction of manufacturers. (the management of materials moving upstream in the supply chain)
Global SCM
Effective and efficient management of supply chain partners across multiple countries
1st-tier suppliers
a company's direct suppliers. A firm that directly provides goods/services to a company.
Downstream supply chain
the direction that points toward the end consumer in a supply chain. (it goes to the right in the chain)
In order for supply chains to function and develop, three things must continuously flow: ____________,
_____________, and _________________.
Materials, Money, and Information
,Business Model
a company's plan for how it will purchase items, transform them, deliver them, and sell them in an effort
to produce a profit
Supply Chain visibility
the ability to see what is happening with inventory upstream and downstream in a supply chain.
You want to be able to predict and account for the demand before you need it and how much will get
there by a certain time. the ability to do this is inventory/supply chain visibility
Profit's relationship to SCM
Profit = Revenue - Cost
Costs involved in Supply chain include: materials, labor, energy, transportation, packaging, storage,
defects, insurance...
Competitive priorities
Cost, Quality, Speed, and Flexibility
Tracking performance in cost, quality, speed, and flexibility is vital to knowing whether the company is
meeting its goals in the present and working towards better performance in the future.
Each industry has different competitive priorities.
For example fast food places focus on low cost, average but consistent quality, quick delivery, and
flexibility regarding what you put on a burger.
, While sit down restaurants focus on high quality burgers, reasonable delivery times, specialty burger,
and charge a higher price
Core competencies
primary advantages a company has over its competitors. Typically a core competency is extremely
difficult or near impossible to replicate
Productivity vs. Value
Value= output purchased / inputs used to purchase the products or service.
Value can be increased by giving the customer more for the same price, or by giving them the same
amount at a lower price.
Ex: amt of soup / $ paid for the soup
Productivity= The ratio of outputs to inputs. From a manufacturing perspective companies seek to
maximize the amount of outputs that can be produced and delivered to market while minimizing the
required inputs. Productivity is a relative term, so typically it can only be compared to the productivity of
periods that precede the present productivity.
Ex: if you make 200 of something and each one of it valued at $10 and the material cost were $1000
total to create them all the productivity would be the {amt (200) * the value ($10)} / the total cost to
make them ($1000) = 2000/1000= Productivity = 2
Primary Supply Chain Goals
goal is effectiveness, efficiency, and adaptability. To make high quality products in a timely fashion while
meeting the needs of a customer.
