Which of the following statements is NOT true regarding supply chain operations?
1. All elements of the supply chain are interconnected and dependent on each other.
2. Demand changes by the end user can create a bullwhip effect in the supply chain.
3. With perfect information at all levels of the supply chain, there will not be a bullwhip effect.
4. Time lags in the supply chain serve to create fluctuations in orders and inventories.
5. None of the above