chp 4

Question 1

What is green purchasing?

Answer 1

purchase products meet environmental objectives

Question 2

Sustainable Sourcing

Answer 2

process of purchasing goods and services that considers LONG TERM impact on people, profit and planet

Question 3

What are functional products?

Answer 3

efficient supply chain: predict demand, low product variety, low margin
supplier selection: low price, on-time delivery, consistent quality

Question 4

innovative products

Answer 4

responsive supply chain: unpredictable demand, high product variety, high margin
supplier selection: fast delivery, customization, flexibility

Question 5

Supplier Rationalization

Answer 5

also known as supply base reduction, supplier rationalization, or supply base optimization
is the initial SCM effort

Question 6

What is Early supplier Involvement?

Answer 6

Product life-cycle costs; ESI brings technology, upstream side of SC begin dialogue with supplier about technology

Question 7

What is Vendor Manage Inventory?

Answer 7

supplier co-sourcing vs outsourcing and insourcing

Question 8

VMI and ESI are examples of?

Answer 8

Supplier/strategic alliance development (collaborative win-win vs. zero-sum game