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Q. To reduce inventory management costs, many companies use a system called…………, which involves carrying only small inventories of parts or merchandise,often only enough for a few days of operation.

Q. ………..is a predictable degree of uniformity and dependability,at low cost and suited to the market.

Q. Inspection, scrap, and repair are examples of

Q. …………..system in logistic management refers to a set of activities concerned with storage and flow of all materials,information and control system in a cost-efficient manner.

Q. Which of the following is not an element of the management process?

Q. Walter Shewhart is listed among the important people of operations management because of his contributions to

Q. An effective ……….process in supply chain requires integration of firms manufacturing ,logistics and marketing plans.

Q. In the evolution of logistics ,the objective of maximize the profit by a corresponding maximization of sales was the objective in ………..stage.

Q. Supply chain is also referred as…………

Q. When suppliers, distributors, and customers partner with each other to improve performance of the entire system, they are participating in a…………..