Question 1

There are two approaches to deciding whether or not an action is ethical.The first approach is utilitarianism.The second approach is rights and duties.

Accepted Answer

A) True 
 B)False  True

Question 2

For a large company with many strategic supplier alliances, what would be the best way to manage them?

Accepted Answer

A)  Create an alliance board to oversee alliances 
B)  Reduce the number of supplier alliances to less than five 
C)  Hire an outside firm to manage them 
D)  All of the above 
A)  Create an alliance board to oversee alliances 
B)  Reduce the number of supplier alliances to less than five 
C)  Hire an outside firm to manage them 
D)  All of the above A

Question 3

Companies outsource to help them reach their sustainability goals.

Accepted Answer

A) True 
 B)False  True

Question 4

Describe THREE important steps in organizing and managing a successful strategic alliance program.

Accepted Answer

-Determine how the program will be organ

Question 5

The use of ethical and environmental certifications for suppliers is decreasing.

Accepted Answer

A) True 
 B)False

Question 6

Ethical sourcing policies should NOT include determining where all purchased goods come from and how they are made.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following should NOT be used as assessment criteria to evaluate the purchasing department's performance?

Accepted Answer

A)  Improving time to market 
B)  Lowering inventory turnover rates 
C)  Participating in value engineering/value analysis efforts 
D)  Creating supplier alliances 
A)  Improving time to market 
B)  Lowering inventory turnover rates 
C)  Participating in value engineering/value analysis efforts 
D)  Creating supplier alliances

Question 8

A practice aimed at ensuring that purchased products or materials meet environmental objectives of the organization is referred to as green purchasing.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following terms refers to an act that creates the greatest good for the greatest number of people:

Accepted Answer

A)  Rights and duties 
B)  Corporate responsibility 
C)  Social sustainability 
D)  Utilitarianism 
A)  Rights and duties 
B)  Corporate responsibility 
C)  Social sustainability 
D)  Utilitarianism

Question 10

Purchasing goods from suppliers in developing countries be risky.Why might this be risky? How can firms reduce this risk?

Accepted Answer

•Negative publicity could be connected t

Question 11

Which of the following is NOT a typical strategy for firms to obtain benchmarking data about other companies?

Accepted Answer

A)  Discussing sourcing strategies with colleagues at business association meetings 
B)  Hiring former employees from other companies and assessing their knowledge 
C)  Utilizing resources from the Center for Advanced Purchasing Studies 
D)  Collecting published trade information on benchmarking studies 
A)  Discussing sourcing strategies with colleagues at business association meetings 
B)  Hiring former employees from other companies and assessing their knowledge 
C)  Utilizing resources from the Center for Advanced Purchasing Studies 
D)  Collecting published trade information on benchmarking studies

Question 12

Service companies like beauty parlors, cleaning companies and delivery companies are also becoming aware of the trends in ethical and sustainable sourcing.Describe FOUR ways a service company can use ethical and sustainable sourcing.Provide an example of how this can happen.

Accepted Answer

-A service company which uses ethical an

Question 13

Firms assess their sourcing capabilities because the sourcing function is one of the most value-enhancing functions in an organization.

Accepted Answer

A) True 
 B)False

Question 14

A service where key customers ask suppliers to take on the job of store level replenishment planning is called:

Accepted Answer

A)  Vendor managed inventory 
B)  Early supplier involvement scheduling 
C)  Strategic inventory planning 
D)  Purchase spend reduction forecasting 
A)  Vendor managed inventory 
B)  Early supplier involvement scheduling 
C)  Strategic inventory planning 
D)  Purchase spend reduction forecasting

Question 15

Sustainable sourcing policies should include which of the following?

Accepted Answer

A)  Use of minority workers 
B)  Fair working conditions 
C)  Use of renewable energy 
D)  Use of child labor 
A)  Use of minority workers 
B)  Fair working conditions 
C)  Use of renewable energy 
D)  Use of child labor

Question 16

______________ considers the public consequences of organizational buying.

Accepted Answer

A)  The bullwhip effect 
B)  Ethical sourcing 
C)  Benchmarking 
D)  Vendor managed inventory 
A)  The bullwhip effect 
B)  Ethical sourcing 
C)  Benchmarking 
D)  Vendor managed inventory

Question 17

Successful strategic supplier alliances can result in which of the following?

Accepted Answer

A)  Better market penetration. 
B)  Access to new technologies and knowledge 
C)  Higher return on investment 
D)  All of these 
A)  Better market penetration. 
B)  Access to new technologies and knowledge 
C)  Higher return on investment 
D)  All of these

Question 18

As relationships with suppliers become more trusted, reliable, and long-term in nature, early supplier involvement has become a popular strategy among firms.Explain THREE benefits gained from using this strategy.

Accepted Answer

Other answers are also possible.
-Reduce

Question 19

Leading companies practicing sustainable sourcing and seeking to reduce costs would NOT use which of the following strategies?

Accepted Answer

A)  Backward integration to purchase suppliers 
B)  Increase resource efficiencies 
C)  Avoid use of noncompliant suppliers 
D)  Rethink transportation and distribution systems 
A)  Backward integration to purchase suppliers 
B)  Increase resource efficiencies 
C)  Avoid use of noncompliant suppliers 
D)  Rethink transportation and distribution systems

Question 20

All of the following are reasons for the increasing use of ethical and sustainable sourcing practices EXCEPT:

Accepted Answer

A)  Global population growth 
B)  Increasing environmental awareness 
C)  Legislation requiring corporate ethical and sustainable sourcing 
D)  Consumers' desires for better corporate responsibility 
A)  Global population growth 
B)  Increasing environmental awareness 
C)  Legislation requiring corporate ethical and sustainable sourcing 
D)  Consumers' desires for better corporate responsibility

There are two approaches to deciding whether or not an action is ethical.The first approach is utilitarianism.The second approach is rights and duties.

For a large company with many strategic supplier alliances, what would be the best way to manage them?

Companies outsource to help them reach their sustainability goals.

Describe THREE important steps in organizing and managing a successful strategic alliance program.

The use of ethical and environmental certifications for suppliers is decreasing.

Ethical sourcing policies should NOT include determining where all purchased goods come from and how they are made.

Which of the following should NOT be used as assessment criteria to evaluate the purchasing department's performance?

A practice aimed at ensuring that purchased products or materials meet environmental objectives of the organization is referred to as green purchasing.

Which of the following terms refers to an act that creates the greatest good for the greatest number of people:

Purchasing goods from suppliers in developing countries be risky.Why might this be risky? How can firms reduce this risk?

Which of the following is NOT a typical strategy for firms to obtain benchmarking data about other companies?

Service companies like beauty parlors, cleaning companies and delivery companies are also becoming aware of the trends in ethical and sustainable sourcing.Describe FOUR ways a service company can use ethical and sustainable sourcing.Provide an example of how this can happen.

Firms assess their sourcing capabilities because the sourcing function is one of the most value-enhancing functions in an organization.

A service where key customers ask suppliers to take on the job of store level replenishment planning is called:

Sustainable sourcing policies should include which of the following?

______________ considers the public consequences of organizational buying.

Successful strategic supplier alliances can result in which of the following?

As relationships with suppliers become more trusted, reliable, and long-term in nature, early supplier involvement has become a popular strategy among firms.Explain THREE benefits gained from using this strategy.

Leading companies practicing sustainable sourcing and seeking to reduce costs would NOT use which of the following strategies?

All of the following are reasons for the increasing use of ethical and sustainable sourcing practices EXCEPT:

Introduction to Supply Chain Management

Purchasing Management

Creating and Managing Supplier Relationships

Demand Forecasting

Resource Planning Systems

Inventory Management

Process Management: Lean and Six Sigma in the Supply Chain

Domestic U.S.and Global Logistics

Customer Relationship Management

Global Location Decisions

Service Response Logistics

Supply Chain Process Integration

Performance Measurement Along the Supply Chain

Filters

Exam 4: Ethical and Sustainable Sourcing

There are two approaches to deciding whether or not an action is ethical.The first approach is utilitarianism.The second approach is rights and duties.

For a large company with many strategic supplier alliances, what would be the best way to manage them?

Companies outsource to help them reach their sustainability goals.

Describe THREE important steps in organizing and managing a successful strategic alliance program.

The use of ethical and environmental certifications for suppliers is decreasing.

Ethical sourcing policies should NOT include determining where all purchased goods come from and how they are made.

Which of the following should NOT be used as assessment criteria to evaluate the purchasing department's performance?

A practice aimed at ensuring that purchased products or materials meet environmental objectives of the organization is referred to as green purchasing.

Which of the following terms refers to an act that creates the greatest good for the greatest number of people:

Purchasing goods from suppliers in developing countries be risky.Why might this be risky? How can firms reduce this risk?

Which of the following is NOT a typical strategy for firms to obtain benchmarking data about other companies?

Service companies like beauty parlors, cleaning companies and delivery companies are also becoming aware of the trends in ethical and sustainable sourcing.Describe FOUR ways a service company can use ethical and sustainable sourcing.Provide an example of how this can happen.

Firms assess their sourcing capabilities because the sourcing function is one of the most value-enhancing functions in an organization.

A service where key customers ask suppliers to take on the job of store level replenishment planning is called:

Sustainable sourcing policies should include which of the following?

______________ considers the public consequences of organizational buying.

Successful strategic supplier alliances can result in which of the following?

As relationships with suppliers become more trusted, reliable, and long-term in nature, early supplier involvement has become a popular strategy among firms.Explain THREE benefits gained from using this strategy.

Leading companies practicing sustainable sourcing and seeking to reduce costs would NOT use which of the following strategies?

All of the following are reasons for the increasing use of ethical and sustainable sourcing practices EXCEPT:

Introduction to Supply Chain Management

Purchasing Management

Creating and Managing Supplier Relationships

Demand Forecasting

Resource Planning Systems

Inventory Management

Process Management: Lean and Six Sigma in the Supply Chain

Domestic U.S.and Global Logistics

Customer Relationship Management

Global Location Decisions

Service Response Logistics

Supply Chain Process Integration

Performance Measurement Along the Supply Chain

Filters