Final answer:
True,he procurement cycle, critical in managing the supply chain, indeed occurs at the manufacturer/supplier interface, focusing on acquiring goods and services through a series of identified steps.
Step-by-step explanation:
The statement that the procurement cycle occurs at the manufacturer/supplier interface is true.
The procurement cycle is a key component of supply chain management, dealing with the process of identifying, evaluating, and acquiring goods and services from external sources.
It involves several steps, such as need identification, supplier evaluation and selection, purchase order processing, order management, invoice reconciliation, and payment processing, which facilitate the interaction between a manufacturer and its suppliers.