Question 1

Which of the following could be an ethical and environmental certification requirement?

Accepted Answer

A) Forest Stewardship Council (FS
C)  certification 
B) Energy Star certification 
C) Fair Trade certification 
D) All of these 
A) Forest Stewardship Council (FS
C)  certification 
B) Energy Star certification 
C) Fair Trade certification 
D) All of these D

Question 2

Sustainable sourcing is a process of purchasing goods and services that takes into account the short-term impact on people,profits,and the planet.

Accepted Answer

A) True 
 B)False  False

Question 3

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 D

Question 4

According to a Bridgestone Americas survey,consumers revealed that companies can show they are environmentally responsible by all of the following EXCEPT:

Accepted Answer

A) Creating products that minimize energy and water use 
B) Buying products manufactured only in America 
C) Generating less waste 
D) Minimizing carbon emissions 
A) Creating products that minimize energy and water use 
B) Buying products manufactured only in America 
C) Generating less waste 
D) Minimizing carbon emissions

Question 5

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.

Accepted Answer

A) True 
 B)False

Question 6

Functional products are characterized by low profit margins,relatively stable demands,and high levels of competition.

Accepted Answer

A) True 
 B)False

Question 7

The purchasing managers at Sunnydale Corporation decide to intentionally increase purchases from small,women-owned suppliers.This decision can be considered:

Accepted Answer

A) Illegal 
B) Unethical 
C) Ethical Sourcing 
D) Utilitarianism 
A) Illegal 
B) Unethical 
C) Ethical Sourcing 
D) Utilitarianism

Question 8

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

Accepted Answer

​a.Determine how the program will be org

Question 9

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 possible.​
1.Reduce Co

Question 10

The Ethical Trading Initiative (ETI)does NOT include which of the following:

Accepted Answer

A) Workers receive a 30 minute break for an 8 hour shift 
B) Working hours are not excessive 
C) Regular employment is provided 
D) Freedom of association and the right to collective bargaining are respected 
A) Workers receive a 30 minute break for an 8 hour shift 
B) Working hours are not excessive 
C) Regular employment is provided 
D) Freedom of association and the right to collective bargaining are respected

Question 11

Which of the following is TRUE?

Accepted Answer

A) VMI stands for Vertically Managed Inventory 
B) 3PL stands for Third Party Leverage 
C) VMI stands for Vendor-Managed Inventory 
D) 3PL stands for Three Point Logistics 
A) VMI stands for Vertically Managed Inventory 
B) 3PL stands for Third Party Leverage 
C) VMI stands for Vendor-Managed Inventory 
D) 3PL stands for Three Point Logistics

Question 12

There are just a small number of resources available for firms seeking to learn about and implement successful sourcing practices.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following can be used as a punishment for suppliers that perform poorly?

Accepted Answer

A) Elimination of future business with the focal firm 
B) Downgrade the supplier's status 
C) Billback penalty 
D) All of these 
A) Elimination of future business with the focal firm 
B) Downgrade the supplier's status 
C) Billback penalty 
D) All of these

Question 14

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:

Accepted Answer

A) Buyer-supplier integration 
B) Acceptance sampling 
C) Procurement rationalization 
D) Strategic sourcing 
A) Buyer-supplier integration 
B) Acceptance sampling 
C) Procurement rationalization 
D) Strategic sourcing

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

The use of environmental supplier certification programs assist companies by which of the following?

Accepted Answer

A) Identifying strategic alliance candidates 
B) Identifying companies who are the most popular with consumers 
C) Helping communities who are in jeopardy of plant closures 
D) Encouraging distributive negotiations in strategic alliance development 
A) Identifying strategic alliance candidates 
B) Identifying companies who are the most popular with consumers 
C) Helping communities who are in jeopardy of plant closures 
D) Encouraging distributive negotiations in strategic alliance development

Question 17

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

Question 18

In designing an ethical and sustainable strategy a firm might make use of which of the following?

Accepted Answer

A) Hire more supervisors to address problems quickly. 
B) Use of a performance metric to gauge the success of the firm's efforts. 
C) Create many short term relationships with suppliers 
D) All of these 
A) Hire more supervisors to address problems quickly. 
B) Use of a performance metric to gauge the success of the firm's efforts. 
C) Create many short term relationships with suppliers 
D) All of these

Question 19

Demands by customers for companies to become more ethically and environmentally focused have placed added pressures on firms to improve their performance in supply chain management.

Accepted Answer

A) True 
 B)False

Question 20

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

Which of the following could be an ethical and environmental certification requirement?

Sustainable sourcing is a process of purchasing goods and services that takes into account the short-term impact on people,profits,and the planet.

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

According to a Bridgestone Americas survey,consumers revealed that companies can show they are environmentally responsible by all of the following EXCEPT:

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.

Functional products are characterized by low profit margins,relatively stable demands,and high levels of competition.

The purchasing managers at Sunnydale Corporation decide to intentionally increase purchases from small,women-owned suppliers.This decision can be considered:

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

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.

The Ethical Trading Initiative (ETI)does NOT include which of the following:

Which of the following is TRUE?

There are just a small number of resources available for firms seeking to learn about and implement successful sourcing practices.

Which of the following can be used as a punishment for suppliers that perform poorly?

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:

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

The use of environmental supplier certification programs assist companies by which of the following?

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

In designing an ethical and sustainable strategy a firm might make use of which of the following?

Demands by customers for companies to become more ethically and environmentally focused have placed added pressures on firms to improve their performance in supply chain management.

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

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

Which of the following could be an ethical and environmental certification requirement?

Sustainable sourcing is a process of purchasing goods and services that takes into account the short-term impact on people,profits,and the planet.

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

According to a Bridgestone Americas survey,consumers revealed that companies can show they are environmentally responsible by all of the following EXCEPT:

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.

Functional products are characterized by low profit margins,relatively stable demands,and high levels of competition.

The purchasing managers at Sunnydale Corporation decide to intentionally increase purchases from small,women-owned suppliers.This decision can be considered:

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

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.

The Ethical Trading Initiative (ETI)does NOT include which of the following:

Which of the following is TRUE?

There are just a small number of resources available for firms seeking to learn about and implement successful sourcing practices.

Which of the following can be used as a punishment for suppliers that perform poorly?

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:

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

The use of environmental supplier certification programs assist companies by which of the following?

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

In designing an ethical and sustainable strategy a firm might make use of which of the following?

Demands by customers for companies to become more ethically and environmentally focused have placed added pressures on firms to improve their performance in supply chain management.

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

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