1. Procurement departments have the benefit of having few interfaces with other organizational departments such as legal and human resources.
True
False
2. Reverse Logistics addresses failures in logistics systems.
True
False
3. Creating an effective supply chain involves dealing with many sets of "trade offs".
True
False
4. Lot-for-Lot sizing is:
JIT production
the same as Lot Size = 1
whatever lot size generates the minimum production cost
typically used for finished goods