Inventory Management Techniques

• What is a widely used inventory management technique that helps in reducing holding costs and maintaining adequate stock? A) Just-in-Time (JIT) B) Economic Order Quantity (EOQ) C) ABC Analysis D) First In, First Out (FIFO)

Quality Management

• Which of the following is a quality management principle focusing on preventing defects rather than detecting them? A) Total Quality Management (TQM) B) Six Sigma C) Kaizen D) Quality Control

Supply Chain Management

• Which of the following best describes a supply chain strategy that integrates forward and reverse logistics to enhance sustainability? A) Lean Supply Chain B) Agile Supply Chain C) Green Supply Chain D) Just-in-Time Supply Chain

Project Management

• In project management, which methodology emphasizes iterative development and the frequent reassessment of project plans? A) Waterfall B) Agile C) Critical Path Method (CPM) D) PRINCE2

Process Design and Analysis

• Which tool is commonly used in operations management for process design and analysis to identify potential causes of a problem? A) Gantt Chart B) Fishbone Diagram C) PERT Chart D) SWOT Analysis