Should a firm attempt to have fewer or more suppliers What are the advantages and disadvantages of each approach? -How is process selection related to product design and capacity determination? -Explain how MRP can decrease a company's inventory while improving its customer service level. Include a real-life example. -Describe the perpetual and the periodic inventory systems. How are they different? Are there circumstances in which one system is better than the other? Include real-life examples. -Choose companies or industries for which JIT (Just In Time) would be totally inappropriate? Explain your reasoning with examples. -Categorize different scheduling procedures for various types of service operations, such as restaurants, hospitals, and airlines. Answer 1: The firm should...