Reference no: EM132258475
True or False
1. Business intelligence (BI) analytics is a technological means for conducting market analysis that enable a business enterprise to limit their contract analysis to consumers who are most likely to purchase their products.
2. Electronic data interchange (EDI) performs an important part in improving organizational communication among the industry supply chain.
3. Just-in-time (JIT) inventory management eliminates waste which includes all material, equipment, inventories and labor since JIT requires the production of just the right quantities and results in elimination of waste.
4. Optimization of networks under fluctuating conditions is relatively easy to be conducted in a straightforward manner by conventional methods within linear- and nonlinear-programming frameworks.
5. Revenue management uses different pricing to better match supply and demand and increase supply chain profits.
6. Revenue management aims to reduce any supply/demand imbalance by using inventory as a lever.
7. Information sharing in supply chains has become more efficient by the global introduction of long-term cooperation and coordination which leads ultimately to the improvement of companies' competitive advantages.
8. Providing the software and hardware alone is sufficient to develop a comprehensive information sharing platform
9. Besides the need to make the world more sustainable, an increased focus on sustainability has allowed some supply chains to reduce risk, become more efficient, and attract some customers who value these efforts.
10. Encouraging sustainability without some external pressure either in the form of a public mandate or economic incentive can be difficult.