Question: 1) Forecasting is the inventory management silver bullet. True / False 2) How can you mitigate uncertainty on the demand side? a. Make more frequent

1) Forecasting is the inventory management silver bullet.

True / False

2) How can you mitigate uncertainty on the demand side?

a. Make more frequent store deliveries

b. Work more closely with your marketing colleagues

c. Participate on your customer's new product development team

d. Develop the right suppliers

e. All of the above

f. Only b and c

3) ABC classification argues that you want to use a one-size-fits-all approach to making decisions about ordering, inventory levels, or management control.

True / False

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