QUESTION 1 Trends in supply chain management include increasing inventory levels across the chain to avoid stock outs and to improve on the economies of scale. True O False QUESTION 2 "Rationalizing the suppy base" would mean the purchasing firm is attempting to continuously add high performing suppliers to its supplier network in order to maximize its supplier base. True False QUESTION 3 While a manufacturer may exert some influence over its second or third-tier suppliers, its influence over the first-tier suppliers is typically higher. O True False