QUESTION 17 Quick response manufacturing aims to reduce lead time using inventory, spare capacity and process improvement to increase O True False QUESTION 18 You make your parts common until the last stage of manufacturing to save cost on inventory? O VMI O JIT O Postponement EDI QUESTION 19 Purchase price variance (PPV) is the difference in price multiplied by the volume purchased. Some organization use it to judge proc True False QUESTION 20 What item is typically not considered part of supply chain management? O Transportation O Purchasing O Product Design Warehousing