All of the Following Are Elements of Successful Supplier Suggestion

question 26

Multiple Choice

All of the following are elements of successful supplier suggestion programs except _____.

• A)the savings from the suggestion are often shared 50/50, not kept solely by the buying company
• B)the program focuses on total cost improvement, not simply cutting the supplier's margins
• C)successful buying companies provide prompt feedback to the supplier on its ideas and also implement good suggestions promptly
• D)it is critical to acknowledge the supplier's suggestions, through an awards program, newsletter, or announcement at a supplier conference
• E)the supplier should be allowed to keep 100% of the savings since it came up with the idea

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Definitions:

UN Global Compact

A voluntary initiative based on CEO commitments to implement universal sustainability principles and to take steps to support UN goals.

Regulatory Agency

A governmental body responsible for enforcing laws and regulations to protect public health, safety, environment, and to ensure fair market competition.

Utilitarianism

An ethical theory that states that the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

Greenpeace

An international environmental organization that promotes earth-friendly policies and actions.