For each sentence state whether it is true or false.

Under a centralized management system for warehousing, the aim is to minimize total system costs subject to satisfying service levels requirements through local optimization.

The main objective of local warehousing facilities is to reduce inventory by risk pooling / demand aggregation.

The main objective of centralized warehousing facilities is to reduce lead time & improve responsiveness.

The best warehousing strategy for expensive products, with low customer demand, and high demand uncertainty is to store products at central warehouses in order to reduce inventory levels by utilizing risk pooling.

Cross-docking strategy is effective only for large distribution systems / multiple retailers in which a large number of vehicles (carrying full truckloads) are delivering & picking-up goods at the cross-dock facilities at any one time, to justify economies of scale in distribution