Defined future need is known as anticipation inventory

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Reference no: EM132228052

T or F

1) Once a process is statistically controlled, it still cannot be compared to the tolerances to see how much of the process falls inside or outside of the tolerances

2) Material used to satisfy a well-defined future need is known as anticipation inventory.

3) One of the areas that is seeing an increase in both volume and scope is the outsourcing of services.

4) A supply approachthat may lower costs, allows for better concentration of the key business competencies, and gain entry to best-in-class capabilities is outsourcing.

5) Almost 70% of the value of any given requirement is established during supplier evaluation and selection.

Reference no: EM132228052

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