True OR False
1. The amount of supervision required when using a chase strategy is typically high compared to the level strategy.
2. The term utilization and efficiency are synonymous in a business application.
3. Sales and Operations planning (S&OP) uses the master production schedule as a key input
4. It is possible in the long term for a firm to operate above 100% utilization.
5. The S&OP process can be effective without senior management participation as long as the forecasts are accurate.
6. Typically, S&OP should be conducted annually to be useful
7. In most companies, the sales and operations groups are very cooperative and trusting of each other and can work with minimal intervention.