Reference no: EM132288056

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

a. Hire more supervisors to address problems quickly

b. Use performance measures to identify weaknesses

c. Create many short term relationships with suppliers

d. All of these

2. One standard which is measured in environmental supplier certification is:

a. The number of trucks owned by the supplier

b. The number of on-time deliveries

c. The suppliers’ recycled content

d. Technology investment by the supplier

3. The main benefit(s) from benchmarking sourcing practices is/are:

a. Allows firms to leapfrog the experience-gaining stage by trying things that have worked well for other companies.

b. Savings in energy consumption and materials, lower distribution costs, and improved corporate image among regulators, customers and community.

c. Larger market for products, economies of scale in purchasing and production, and lower labor costs.

d. Lower prices of goods and services, use of fewer buyers and lower administrative costs

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

a. Vendor managed inventory

b. Purchase spend reduction forecasting

c. Strategic inventory planning

d. Early supplier involvement scheduling