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QUESTION: 393

Which of the following strategies is key to sustainable sourcing?

Purchasing goods and services aimed at exploiting global efficiencies in production
Taking into account the long-term impact of procurement on people, profit, and the planet
Purchasing at fair prices to promote producers in disadvantaged and developing countries
Promoting positive social change through organizational buying behavior

Answer(s): B

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QUESTION: 395

Which supply chain strategy should be implemented when lead time is short and demand is known?

Continuous replenishment
Push inventory
Flexible supply chain
Collaborative planning, forecasting, and replenishment (CPFR)

Answer(s): A

Reference:

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QUESTION: 396

A company finds that one of its warehouses is out of capacity to store products. Expanding the physical size of the warehouse is not an option. The most appropriate solution would be to increase the:

cash-to-cash cycle of slow-moving items
inventory turn of slow-moving items
use of break-bulk warehousing
inventory days of supply of fast-moving items

Answer(s): B

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QUESTION: 397

A company embarking on the establishment of strategic partnerships and ready to relinquish control over inventory management would choose which of the following customer-supplier interactions?