Chapter $4$ Drop Box Assignment

Purchasing goods from suppliers in developing countries be risky. Why might this be risky? How can firms reduce this risk?

Sustainable sourcing is a rather common practice among firms in many industries. What are THREE possible benefits companies practicing sustainable sourcing seek to achieve:

As relationships with suppliers become more trusted, reliable, and long$-$term in nature, early supplier involvement has become a popular strategy among firms. Explain THREE benefits gained from using this strategy.

Service companies like beauty parlors, cleaning companies and delivery companies are also becoming aware of the trends in ethical and sustainable sourcing. Describe FOUR ways a service company can use ethical and sustainable sourcing. Provide an example of how this can happen.

Home Depot is a retail leader in selling home improvement tools and materials. Home Depot wants to become more environmentally conscious.

Answer the following series of questions in an effort to develop a plan that will guide Home Depot executives into transforming Home Depot into a sustainable organization through green sourcing.

a$.$ Define sustainability.

b$.$ Outline a set of goals $($FOUR$)$ that would lead Home Depot down a sustainable path.

c$.$ How do these goals make sense from both a financial and environmental perspective?

d$.$ What are some ways supplier managers can aid in achieving these goals?

Answer the following $3$ questions:

a$.$ Why would a firm want to assess their sourcing capabilities?

b$.$ List FIVE assessment criteria to evaluate the purchasing department's performance.

c$.$ What kind of performance tool can be used to assess the criteria listed?