1. Which of the following best describes the concept of

lean manufacturing?

A. Producing goods in large batches to reduce costs

B. Minimizing waste and maximizing efficiency in

production processes

C. Outsourcing production to reduce labor costs

D. Implementing flexible production schedules to meet

changing demand

Answer: B. Minimizing waste and maximizing efficiency

in production processes

Rationale: Lean manufacturing focuses on reducing waste

and improving efficiency in production processes to

increase overall productivity and reduce costs.

2. What is the primary goal of supply chain management?

A. Maximizing profits for the organization

B. Minimizing inventory levels to reduce costs

C. Improving collaboration and coordination among

suppliers, manufacturers, and customers

D. Increasing production capacity to meet demand

Answer: C. Improving collaboration and coordination

among suppliers, manufacturers, and customers

Rationale: The primary goal of supply chain management

is to optimize the flow of goods and information

throughout the supply chain by improving collaboration

and coordination among all parties involved.