Exam 4: Ethical and Sustainable Sourcing

Developing a collaborative negotiation infrastructure include four steps: building a preparation process,develop a negotiation database.Design a negotiation launch process,and institute a feedback mechanism.

The management of the firm's external resources through identification and selection of suppliers,management of supplier relationships,and monitoring and rewarding supplier performance in an effort to support the long-term goals of the organization is called:

The textbook outlined a Supply Chain Ethical and Sustainability Sourcing Strategy Framework.How many steps are in this framework?

"Rationalizing the supplier base" would mean that the purchasing firm is attempting to reduce the number of suppliers in its supplier network by eliminating poor performing suppliers in its present supplier base.

According to the EcoMarkets survey,which surveys over 6000 private and public buyers,the most popular aspect of green sourcing is:

According to the textbook,collaborative relationships place a relatively lower importance rating on which of the following competitive priorities:

The inventory level where suppliers replenish their customer's inventory with a predetermined order quantity is called the:

Benchmarking is the practice of copying what other businesses do best.

While a manufacturer may have substantial influence over its first tier suppliers,their influence over second and third tier suppliers is typically much higher.

Generally speaking,there are two approaches to deciding whether or not an action is ethical,utilitarianism and rights and duties.

A 4PL,commonly referred to as a lead logistics provider,is a trucking company that also provides tracking services.

Hard-bargaining sourcing departments focused on decreasing purchasing spend may experience which of the following from their suppliers?

Variations of outsourcing include all of the following EXCEPT: (C; 114)

Provide TWO key differences between products that can be classified as functional vs.innovative.Also after providing your list of two,provide an example of a functional product and an example of an innovative product.

Provide THREE key advantages that can be achieved in manufacturing firms that allow suppliers to contribute then become involved early in the new product (or old product reengineering)design and development process.

Harold's Fish Shop decides to reduce its purchases from poorly performing fish suppliers and focus future orders with suppliers that have been top-performing in the past.This is an example of:

An outsourcing program can result in all of the following positive outcomes,except:

Product parts,processes,and product assembly should all be designed by the manufacturing firm to assure a single-minded approach that the suppliers can follow.Supplier involvement in these design phases is considered counterproductive.

Which of the following is FALSE?

Home Depot is a retail leader in selling home improvement tools and materials.Home Depot wants to become more environmentally conscious. Answer the following series of questions in an effort to develop a plan that will guide Home Depot executives into transforming Home Depot into a sustainable organization through green sourcing. 1.Define sustainability. 2.Outline a set of goals that would lead Home Depot down a sustainable path. 3.How do these goals make sense from both a financial and environmental perspective? 4.What are some ways supplier managers can aid in achieving these goals?