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DQ: 1, 2, 5, & 15 pp. 465 (4 points; 1 point each) P: 11.8; pp. 467 (6 points; 2 points each) 1. Define supply chain management, 2. What are the objectives of supply chain management? 3. What is the objective of logistics management? 4. How do we distinguish between the types of risk in the supply chain? 5. What is vertical integration? Give examples of backward and forward integration. 6. What are three basic approaches to negotiations? 7. How does a traditional adversarial relationship with suppliers change when a firm makes a decision to move to a few suppliers? 8. What is the difference between postponement and channel assembly? 9. What is CPFR? 10. What is the value of online auctions in e-commerce? 11. Explain how FedEx uses the Internet to meet requirements for quick and accurate delivery. 12. How does Walmart use drop shipping? 13. What are blanket orders? How do they differ from invoiceless purchasing? 14. What can purchasing do to implement just-in-time deliveries? 15. What is e-procurement? 11.8 Mattress Wholesalers, Inc., is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.5 million and inventory was $1.5 million. This year, cost of goods sold is $8.6 million and inventory investment is $1.6 million a. What were the weeks of supply last year? b. What are the weeks of supply this year? C. Is Mattress Wholesalers making progress in its inventory-reduction effort