QUESTION 1; TRUE/ FALSE [14 marks] State whether the following statements are true/false:

a) Companies who aim to have efficient supply chains select their suppliers based on their speed, flexibility, and quality.

b) The amount of inventory kept at each stock point in a warehouse network is usually based on trade-offs between warehousing, inventory, and transportation costs.

c) The mode of transportation that results in the lowest transportation cost will lower total costs for a supply chain.

d) Companies should optimize their product designs and product management for supplying, manufacturing, and sustainability to accelerate Profitable innovation.

e) Low growth or declining markets are usually associated with Higher prices and industrial profits.

f) Volume Consideration is the approach that allows users in the organization to determine their own purchase needs, evaluate sources of supply and execute the purchasing process.

g) The linkage between a series of suppliers and consumers involves the complex interaction of logistics, systems, and human behaviour.