1. In the context of supply chain management, what is the primary purpose of implementing a just-in-time (JIT) system? A) To increase the inventory holding costs B) To reduce waste and improve product quality C) To extend the lead time of suppliers D) To diversify the supplier base Answer: B) To reduce waste and improve product quality Rationale: JIT systems aim to minimize inventory levels, which reduces waste and storage costs, and promotes quality improvements through continuous process optimization. 2. When analyzing the bottleneck process in a production line using the Theory of Constraints, which action should be prioritized? A) Increasing the capacity of non-bottleneck processes B) Outsourcing the bottleneck process C) Expediting work through the bottleneck D) Reducing the quality standards to speed up production Answer: C) Expediting work through the bottlenec