Question: 1. Factors that increase or decrease over many years such as population shifts are a component of a time series are called Trends True False

1. Factors that increase or decrease over many years such as population shifts are a component of a time series are called Trends

True

False

2. Which of the following statements is true?

purchasing is seen as the final and most difficult step in the supply chain

Supply chain management was invented by Ford

service response logistics is the digital distribution of services

Strategic partnerships are seen as one of the foundations of supply chain management

3.Which of the following is not one of the features of the new model of progressive (strategic) purchasing

Developing closer relationships with important suppliers

Performing due diligence on suppliers before awarding longer-term contracts

Focusing only on price and short term contracts

Conducting worldwide searches for the best source of supply

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