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TRUE/FALSE.Write 'T' if the statement is true and 'F'if the statement is false.
1)Information is distorted as it moves within the supply chain because complete information is not
shared between stages.
2)The bullwhip effect enables different stages of the supply chain to have a consistent estimate of
what demand looks like.
3)Cycle inventoryis the physical inventory in the supply chain due to either production or
purchases demanded by the customer.
4)The inventory profileis a plot depicting the level of inventory over time.
5)A carrier uses transportation to minimize the total cost(transportation, inventory, information,
and facility) while providing an appropriate level of responsiveness to the customer.
6)The vehicle-related costis incurred whether the vehicle is operating or not and is considered
fixedfor short-term operational decisions by the carrier.
7)For many firms,price has traditionally been the only dimension that suppliers have been
compared on.
8)There are many supplier characteristics other than price, such as lead time, reliability, quality,
and design capability that impact the total costof doing business with a supplier.
9)Information makes the supply chain visible to a manager so that he can make decisions to
improve the supply chain's performance.
10)Information must be 100 percent correct in order to make good decisions.
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
11)The entire set of business processes required to purchase goods and services is
A)supplier selection.
B)procurement.
C)sourcing.
D)supplier scoring and assessment.
12)Information is
A)crucial to supply chain performance.
B)the key to the success of a supply chain.
C)the supply chain driver that serves as the glue allowing the other three drivers to work
together to create an integrated, coordinated supply chain.
D)all of the above