True or False

True or false for 1-8 The need for advanced scheduling and capacity planning systems is necessary to making vendor managed inventory successful. 2. The overall supply group can support the company's success by the lowest cost materials possible costs, manage and improve revenues 3. Reducing the supplier base and dealing with fewer suppliers is an important trend in procurement today 4. A key value of a purchasing requisition is to allow procurement to determine the delivery estimates from the vendors 5. Wa firm is conducting a "supplier certification program it would be typically need to conducta survey or audit of suppliers processes and systems 6. One key goal of supply strategy is the searching for the users of purchased goods 7. The decisions made in supply organisation could impact the company's profitability To get purchased items with increased quality, good service and lower costs, many organisation have decided to increase the quantity of suppliers they buy from