Supply Chain Management Exam 2 Chapter 4

_______ refers to one that is manufactured or grown by a disadvantaged producer in a developing country that receives for its goods.

A fair trade product

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

Certify suppliers as ISO 9001 compliant

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

Create an alliance board to oversee alliances

ISO 14000 may play a role in a firm's.

Supplier certification program

Convincing your supplier to cutting back on packaging, fuel, or electricity is an example of:

Sustainable sourcing

Some businesses refer to sustainability in terms of supporting the three P's. This stands for:

People, planet, profit

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

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

The purchasing department at Big Horn Sheep Corporation decided to intentionally increase purchases from small, underdeveloped nations. This decision can be considered:

Ethical Sourcing

______________ considers the public consequences of organizational buying.

Ethical sourcing

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

Hiring former employees from other companies and assessing their knowledge

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

Identifying strategic alliance candidates

Sustainability reporting is ______________ for American companies:

Largely a voluntary effort

One standard which is measured in environmental supplier certification is:

The suppliers' recycled content

Why do firms assess their sourcing capabilities?

They can gauge their success in improving their own value-enhancing contributions to the firm

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

True

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

True

Sustainable sourcing policies should include which of the following?

Use of renewable energy

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

Utilitarianism

A negotiation where both sides work together to maximize the joint outcome or to create a joint optimal result is referred to as:

Win-win negotiations

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

a. Elimination of future business with the focal firm b. Billback penalty c. Downgrade the supplier's status