Hi.

TRUE OR FALSE. State your explanation.

21) An improvement-driven reason for outsourcing is that it can increase product and service value, customer satisfaction, and shareholder value.

22) A financially-driven reason for outsourcing is that it can help gain access to new markets, especially in developing countries.

23) A stable supply process is one where product volumes are high, demand is predictable and there is a long product life.

24) A stable supply process is one where the manufacturing process and the underlying technology are mature and the supply base is well established.

25) Firms producing functional products are forced to introduce a steady stream of innovations in order to survive.

26) Inventory turnover and weeks of supply are mathematically the inverse of one another.

27) Green sourcing is only about finding new environmentally friendly technologies and increasing the use of recyclable materials.

28) An important opportunity in green sourcing is waste reduction opportunities.

29) Green sourcing requires incorporating new criteria for evaluating alternatives.

30) The total cost of ownership (TCO) is an estimate of the cost of an item that includes all the costs related to the procurement and use of an item, but does not include any of the costs related to disposing of the item after it is no longer useful.

-ms