Question 1

One of the most value enhancing activities performed by a supplier,for a key customer,which minimizes carrying costs and can avoid stockouts:

Accepted Answer

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

Question 2

The influence of corporate sourcing decisions interacts with internal design,production,finance,marketing,and accounting.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is NOT a step suggested in the Supply Chain Sourcing Strategy Framework?

Accepted Answer

A) Establish corporate ethical and sustainable sourcing policies. 
B) Develop a performance measurement system. 
C) Distribute free samples of all purchased products to the end-user for detailed evaluation and feedback on supply chain development 
D) Prioritize items based on ethical and sustainability opportunities and ease of implementation. 
A) Establish corporate ethical and sustainable sourcing policies. 
B) Develop a performance measurement system. 
C) Distribute free samples of all purchased products to the end-user for detailed evaluation and feedback on supply chain development 
D) Prioritize items based on ethical and sustainability opportunities and ease of implementation.

Question 4

Purchasing departments can be seen as a primary designer and facilitator of important inward- and outward-facing sourcing policies.

Accepted Answer

A) True 
 B)False

Question 5

According to the textbook,Wal-Mart is perhaps the company that is most averse to implementing sustainable business practices.

Accepted Answer

A) True 
 B)False

Question 6

Why do firms assess their sourcing capabilities?

Accepted Answer

A) They are looking for ways to reduce their employee headcount. 
B) They can easily spot suppliers who are not practicing sustainable sourcing practices. 
C) They can gauge their success in improving their own value-enhancing contributions to the firm 
D) It helps them improve communication with their suppliers. 
A) They are looking for ways to reduce their employee headcount. 
B) They can easily spot suppliers who are not practicing sustainable sourcing practices. 
C) They can gauge their success in improving their own value-enhancing contributions to the firm 
D) It helps them improve communication with their suppliers.

Question 7

One standard which is measured in environmental supplier certification is:

Accepted Answer

A) The number of trucks owned by the supplier 
B) The suppliers' greenhouse gas emissions 
C) Technology investment by the supplier 
D) The number of on-time deliveries 
A) The number of trucks owned by the supplier 
B) The suppliers' greenhouse gas emissions 
C) Technology investment by the supplier 
D) The number of on-time deliveries

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

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.A service company which uses ethical

Question 10

Promoting diversity by intentionally buying from small firms or ethnic minority businesses.This is an example of:

Accepted Answer

A) Supply base rationalization 
B) Ethical sourcing 
C) Sustainable sourcing 
D) Supply base sourcing 
A) Supply base rationalization 
B) Ethical sourcing 
C) Sustainable sourcing 
D) Supply base sourcing

Question 11

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 12

A "fair trade product" refers to manufactured products like clothing or electronics.

Accepted Answer

A) True 
 B)False

Question 13

Companies outsource to help them reach their sustainability goals.

Accepted Answer

A) True 
 B)False

Question 14

One benefit from benchmarking sourcing practices is:

Accepted Answer

A) Savings in energy consumption and materials, lower distribution costs, and improved corporate image among regulators, customers and community. 
B) Lower prices of goods and services, use of fewer buyers and lower administrative costs. 
C) Larger market for products, economies of scale in purchasing and production, and lower labor costs. 
D) Allows firms to potentially leapfrog the experience-gaining stage by trying things that have worked well for other companies. 
A) Savings in energy consumption and materials, lower distribution costs, and improved corporate image among regulators, customers and community. 
B) Lower prices of goods and services, use of fewer buyers and lower administrative costs. 
C) Larger market for products, economies of scale in purchasing and production, and lower labor costs. 
D) Allows firms to potentially leapfrog the experience-gaining stage by trying things that have worked well for other companies.

Question 15

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 16

Sustainable sourcing is a rather common practice among firms in many industries.What are THREE possible benefits companies practicing sustainable sourcing seek to achieve:

Accepted Answer

1.Increased revenues via new and differe

Question 17

Managing a firm's external resources in ways that support the long-term goals of the firm can be referred to as:

Accepted Answer

A) Ethical souring 
B) Functional sourcing 
C) Strategic sourcing 
D) Hybrid Sourcing 
A) Ethical souring 
B) Functional sourcing 
C) Strategic sourcing 
D) Hybrid Sourcing

Question 18

The application of ethical principles to business situations can be referred to as:

Accepted Answer

A) Business ethics 
B) Social responsibility 
C) Ethical Sourcing 
D) Strategic Sourcing 
A) Business ethics 
B) Social responsibility 
C) Ethical Sourcing 
D) Strategic Sourcing

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

Explain why sourcing practices are benchmarked.Provide TWO examples of resources available for firms seeking to implement successful sourcing practices.

Accepted Answer

​a.Sourcing practices are benchmarked to

One of the most value enhancing activities performed by a supplier,for a key customer,which minimizes carrying costs and can avoid stockouts:

The influence of corporate sourcing decisions interacts with internal design,production,finance,marketing,and accounting.

Which of the following is NOT a step suggested in the Supply Chain Sourcing Strategy Framework?

Purchasing departments can be seen as a primary designer and facilitator of important inward- and outward-facing sourcing policies.

According to the textbook,Wal-Mart is perhaps the company that is most averse to implementing sustainable business practices.

Why do firms assess their sourcing capabilities?

One standard which is measured in environmental supplier certification is:

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

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.

Promoting diversity by intentionally buying from small firms or ethnic minority businesses.This is an example of:

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

A "fair trade product" refers to manufactured products like clothing or electronics.

Companies outsource to help them reach their sustainability goals.

One benefit from benchmarking sourcing practices is:

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

Sustainable sourcing is a rather common practice among firms in many industries.What are THREE possible benefits companies practicing sustainable sourcing seek to achieve:

Managing a firm's external resources in ways that support the long-term goals of the firm can be referred to as:

The application of ethical principles to business situations can be referred to as:

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

Explain why sourcing practices are benchmarked.Provide TWO examples of resources available for firms seeking to implement successful sourcing practices.

Introduction to Supply Chain Management

Purchasing Management

Creating and Managing Supplier Relationship

Demand Forecasting

Resource Planning Systems

Inventory Management

Process Management - Lean and Six Sigma in the Supply Chain

Domestic Usand 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

One of the most value enhancing activities performed by a supplier,for a key customer,which minimizes carrying costs and can avoid stockouts:

The influence of corporate sourcing decisions interacts with internal design,production,finance,marketing,and accounting.

Which of the following is NOT a step suggested in the Supply Chain Sourcing Strategy Framework?

Purchasing departments can be seen as a primary designer and facilitator of important inward- and outward-facing sourcing policies.

According to the textbook,Wal-Mart is perhaps the company that is most averse to implementing sustainable business practices.

Why do firms assess their sourcing capabilities?

One standard which is measured in environmental supplier certification is:

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

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.

Promoting diversity by intentionally buying from small firms or ethnic minority businesses.This is an example of:

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

A "fair trade product" refers to manufactured products like clothing or electronics.

Companies outsource to help them reach their sustainability goals.

One benefit from benchmarking sourcing practices is:

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

Sustainable sourcing is a rather common practice among firms in many industries.What are THREE possible benefits companies practicing sustainable sourcing seek to achieve:

Managing a firm's external resources in ways that support the long-term goals of the firm can be referred to as:

The application of ethical principles to business situations can be referred to as:

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

Explain why sourcing practices are benchmarked.Provide TWO examples of resources available for firms seeking to implement successful sourcing practices.

Introduction to Supply Chain Management

Purchasing Management

Creating and Managing Supplier Relationship

Demand Forecasting

Resource Planning Systems

Inventory Management

Process Management - Lean and Six Sigma in the Supply Chain

Domestic Usand Global Logistics

Customer Relationship Management

Global Location Decisions

Service Response Logistics

Supply Chain Process Integration

Performance Measurement Along the Supply Chain

Filters