1. While independent demand may be forecast using traditional methods, dependent demand must be calculated, based upon the demand at the next level in the logistics chain.

Group of answer choices

True

False

2. The EOQ model arrives at the optimum by balancing the holding cost of inventory against the cost of issuing replenishment orders and/or the costs of productions set-ups.

Group of answer choices

True

False

3. The starting point for the creation of the agile supply chain include all of the following basic principles EXCEPT

Group of answer choices

a.Work smarter, not harder

b.Seek to reduce complexity

c.Manage functions not processes

d.Utilize appropriate performance metrics

4. Customers in all markets, industrial or consumer, are decreasingly time-sensitive.

Group of answer choices

True

False

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