MANAGEMENT EXAM PREP QUESTIONS
AND ANSWERS 2026 STUDY GUIDE
VERIFIED SOLUTIONS
● What are the three components of the 'three-legged stool' in supply
chain management? Answer: Sourcing, Operations, Distribution.
● What is Operations and Supply Chain Management (OSCM)? Answer:
The design, operation, and improvement of systems that create and
deliver the firm's primary products and services.
● What are the 4 P's in the SCOR Model? Answer: People, Processes,
Performance, Practices.
● What is the difference between Order Qualifiers and Order Winners?
Answer: Order qualifiers are features that allow a product to be
considered for purchase, while order winners are criteria that
differentiate products and influence purchase decisions.
● What is Supply Chain Strategy? Answer: Setting broad policies and
plans for using a firm's resources, integrated with corporate strategy.