Supply Chain Ch 4

Convincing your supplier to cutting back on packaging, fuel, or electricity is an example of: a. Global sourcing b. Sustainable sourcing c. Sole sourcing d. Ethical sourcing Hide Feedback

b

Which of the following is NOT a typical strategy for firms to obtain benchmarking data about other companies? a. Hiring former employees from other companies and assessing their knowledge b. Discussing sourcing strategies with colleagues at business association meetings c. Collecting published trade information on benchmarking studies d. Utilizing resources from the Center for Advanced Purchasing Studies

a

______________ considers the public consequences of organizational buying. a. Ethical sourcing b. Vendor managed inventory c. Benchmarking d. The bullwhip effect

a

A negotiation where both sides work together to maximize the joint outcome or to create a joint optimal result is referred to as: a. Optimal review period b. Distributive negotiations c. Win-win negotiations d. DMAIC improvement cycle Hide Feedback

c

For a large company with many strategic supplier alliances, what would be the best way to manage them? a. Reduce the number of supplier alliances to less than five b. Hire an outside firm to manage them c. Create an alliance board to oversee alliances d. All of these choices are correct.

c

Sustainable sourcing policies should include which of the following? a. Fair working conditions b. Use of child labor c. Use of renewable energy d. Use of minority workers

c

ISO 14000 may play a role in a firm's. a. Customer certification program b. Negotiated pricing program c. Manufacturing flexibility program d. Supplier certification program

d

Sustainability reporting is ______________ for American companies: a. Required every 3 years b. Required in the U.S. c. Mandated quarterly d. Largely a voluntary effort

d

The purchasing department at Big Horn Sheep Corporation decided to intentionally increase purchases from small, underdeveloped nations. This decision can be considered: a. Illegal b. Utilitarianism c. Unethical d. Ethical Sourcing

d

Criteria to evaluate a purchasing department's performance should include both quantitative and qualitative assessments. a. True b. False

true

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. a. True b. False

true

One standard which is measured in environmental supplier certification is: a. The number of on-time deliveries b. The suppliers' recycled content c. Technology investment by the supplier d. The number of trucks owned by the supplier

b

The use of environmental supplier certification programs assists companies by which of the following? a. Identifying companies who are the most popular with consumers b. Identifying strategic alliance candidates c. Helping communities who are in jeopardy of plant closures d. All of these choices are correct.

b

Which of the following terms refers to an act that creates the greatest good for the greatest number of people: a. Rights and duties b. Utilitarianism c. Social sustainability d. Corporate responsibility

b

The main benefit(s) from benchmarking sourcing practices is/are: 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. Allows firms to leapfrog the experience-gaining stage by trying things that have worked well for other companies. d. Larger market for products, economies of scale in purchasing and production, and lower labor costs.

c

_______ refers to one that is manufactured or grown by a disadvantaged producer in a developing country that receives for its goods. a. An imported product b. Freedom of association c. A fair trade product d. Bitcoin

c

Which of the following can be used as a punishment for suppliers that perform poorly? a. Billback penalty b. Downgrade the supplier's status c. Elimination of future business with the focal firm d. All of these choices are correct.

d

Which of the following is NOT a step suggested in the Supply Chain Sourcing Strategy Framework? a. Develop a performance measurement system b. Establish corporate ethical and sustainable sourcing policies c. Certify suppliers as ISO 9001 compliant d. Prioritize items based on ethical and sustainability opportunities and ease of implementation.

d

Why do firms assess their sourcing capabilities? a. They can gauge their success in improving their own value-enhancing contributions to the firm b. They can easily spot suppliers who are not practicing sustainable sourcing practices c. They are looking for ways to reduce their employee headcount d. All of these choices are correct.

d