00:01
Let's look at the next 10 questions and determine if they are going to be true or false.
00:06
Let me get my numbers here before i start reading because i'll get confused otherwise.
00:11
Alright, let's start with number one.
00:13
Transportation inventory refers to inventory that is in transit between different links in the supply chain.
00:23
That is going to be a true statement.
00:27
So i'm going to put a t for true.
00:28
Number two.
00:29
Organizations often face uncertainty through the supply chain.
00:33
That is going to be true.
00:35
Number three, operations and supply chain managers hold the responsibility of establishing effective systems for managing inventory.
00:44
Well, this is also a true statement.
00:47
Number four, customer relationship management, or crm, activities link a firm with its downstream customers, while supplier relationship management links the firm with upstream.
00:58
Stream.
00:59
And that's going to be a true statement because suppliers are going up the stream.
01:04
All right, so the next one.
01:05
Good inventory policies are indeed meaningless if management lacks accurate knowledge of the inventory on hand...