choose a supplier or suppliers, depending on the objectives of the sourcing decision. ... Quizlet Live. TQM represents a strategy in which the entire organization focuses on an examination of process variability and continuous improvement. Which one of these refers to reducing the number of parts and features of the product whenever possible? There are seven steps in the Strategic Sourcing Methodology. Yes, contrary to what many believe, planes, cargo ships or even trucks aren’t the main contributors to CO2 emissions and are cars can assume much of the blame. The IKEA Sustainability Product Score Card The IKEA Sustainability Product Score Card is an internal tool intro-duced in 2010 to help classify the IKEA home furnishing range and help us move towards more sustainable product development. Involving suppliers early in the design process is called: In product screening, issues such as, "What is the market size?" the maximum amount of work that an organization is capable of completing in a given period of time. Weak sustainability is an idea within environmental economics which states that 'human capital' can substitute 'natural capital'. Sustainability. _____ is a vital link between customers and product design. Which of the following types of production processes use tools and equipment that are generalized in nature? The distinction between weak and strong sustainability is discussed in Daly (1994). 5. The European Commission aims to ensure coherence between industrial, environmental, climate and energy policy to create an optimal business environment for sustainable growth, job creation and innovation. are able to accommodate broad problem definitions. Which of the following is NOT a production method? Commodities are items or services that are low in risk but high in value. The three pillars of sustainability are a powerful tool for defining the complete sustainability problem. A type of analysis that examines a logistics system over a long time period or range of output. t/f, Processes that can produce a range of products are said to have, Capacity planning and materials planning are the same t/f, The bullwhip effect occurs when forecast errors are magnified and demand variability increases as orders move upstream from retailers to distributors to producers. Living within our environmental limits is one of the central principles of sustainable development. Supply chain of network organizations engaged in transfer, storage, handling, communication, and other functions that contribute to the efficient flow of goods. The Three Pillars of Sustainability. As the dollar value of a product increases, packaging costs will: The inverse relationship that exists between the cost of lost sales and inventory costs is the inventory effect. Quizlet Learn. An important sustainability issue that has received much more scrutiny in recent years is the: ... to determine a fixed facility location that represents the least-cost center for moving incoming materials and outbound product within a geographic grid. A newly launched twenty-first century addition to production strategy which leverages lean manufacturing strategies, Six Sigma best practices, and real-time actionable intelligence from the factory floor is called: Which of the following is NOT a reactive capability strategy? The quantity where revenue equals total cost, A series of stages that products pass through in their lifetime, characterized by changing product demands over time is defined as. Over the past several decades, hoteliers have turned their focus to the importance of sustainability in the hospitality industry as it relates to hotel development and operations, including the environmental, economic and social impact. Summary of Environmental Performance Strategies Product Design Operations Facilities Transportation Etc. What is random variation? Costs that are proportional to the amount of units produced, such as materials and labor, are. the Item Procurement Importance Matrix, what is described as high risk, high value? This answer does a great job of answering how recycling relates to sustainability. To hold down distribution cost, the lowest cost carrier should always be used t/f. Strong sustainability is defended by Daly (1995) and criticized by Beckerman (1994, 1995), who rejects the concept of sustainability in general. We will refer to these as the 3Ps.Well bef… Building a bridge over the Mississippi River for a new highway uses a. As the dollar value of the product decreases, its transportation costs: Marketers have begun to recognize the strategic value of place in the marketing mix, as well as the benefits resulting from high-quality logistical services. assumes that the raw materials sources and finished goods markets are fixed. In answer to this challenge, sustainability experts are looking at ways in which we can slow or prevent pollution, conserve natural resources and protect remaining environments. In the Execute Sourcing Strategy step, the most important thing is to. acquiring a competitor's product and studying its design features. A defense of weak sustainability is offered by El Serafy (1996), while What activity is described as the movement of goods into a warehouse, the placement of goods in a warehouse, and the movement of goods from storage to order picking areas and eventually to dock areas for transportation out of the warehouse? t/f. Name several criteria that are important in vendor selection. In the Item Procurement Importance Matrix, what describes high risk, low value? As the number of stocking points (DCs) is decreased in a distribution network, fixed costs will ____ and variable costs will ___. Sustainable Strategy. Sustainable development is the organizing principle for meeting human development goals while simultaneously sustaining the ability of natural systems to provide the natural resources and ecosystem services on which the economy and society depend. t/f, Distinctives are low-risk, high value items that are fundamental to the company's finished product. As a result, which has been recognized as the interface activity between marketing and logistics? (In 2007 San Francisco banned supermarkets from using plastic bags at checkout; San Diego still hasn’t.) ENV. 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