1. What does the acronym JIT stand for? a) Just-in-Time b) Joint Inventory Tracking c) Joint Information Technology d) Just-in-Transit\% 2. What are the advantages associated with using Vendor-Managed Inventory (VMI)? a) Reduced energy consumption b) Improved safety standards c) Enhanced product quality d) Efficient inventory management 3. Which of the following is a key principle of Quick Response (QR) logistics? a) Make-to-Stock production b) Batch processing c) Forecast-driven supply chain d) Demand-driven replenishment 4. What is the primary goal of Collaborative Planning, Forecasting, and Replenishment (CPFR)? a) Optimizing production processes b) Minimizing transportation costs c) Enhancing customer service d) Reducing lead times 5. What is the purpose of Efficient Consumer Response (ECR) in supply chain management? a) Streamlining product range and promotions b) Increasing manufacturing capacity c) Reducing product defects d) Improving employee morale 6. Which form of electronic collaboration focuses on sharing product descriptions, pricing, and sales information? a) Transactional collaboration b) Information sharing c) Collaborative planning d) Joint forecasting 7. What does the term "order winners" refer to in customer-supplier relationships? a) Factors that distinguish a product from competitors b) Suppliers who consistently deliver on time c) Customers who place frequent orders d) Key performance indicators for logistics processes 8. What is the main objective of capacity planning in supply chain management? a) Maximizing customer satisfaction b) Minimizing production costs c) Balancing supply and demand d) Improving product quality 9. How does Just-in-Time (JT) manufacturing contribute to inventory management? a) By maintaining large safety stocks b) By optimizing production batch sizes c) By implementing strict quality control measures d) By synchronizing production with customer demand