Question

1) Implementing the Vendor Managed Inventory system allowed a canned soup retailer to:

Obtain a competitive advantage

Acquire new customers

Reduce safety stock

Reengineer non-value-adding processes

Learn a new skill

2)Aini orders sneakers from overseas and sells them to customers in New Zealand. He suspects that some of his overseas suppliers might be using forced labour. He asks the suppliers to acquire a certificate from Social Accountability International, an international body verifying whether organisations follow ethical guidelines. Aini’s action reinforces the _______________ dimension of sustainability.

Economic (Financial)

Societal (People)

International

Environmental

Cultural

Answer 1

1) Implementing the Vendor Managed Inventory system allowed a canned soup retailer to

Answer:- Reduce safety stock. In vendor managed inventory retailer provide information about his requirements to the supplier and then the supplier himself maintains the inventory level of the retailer. The need of safety stock is reduced as the supplier manages the resupply lead time.

2)Aini orders sneakers from overseas and sells them to customers in New Zealand. He suspects that some of his overseas suppliers might be using forced labour. He asks the suppliers to acquire a certificate from Social Accountability International, an international body verifying whether organisations follow ethical guidelines. Aini’s action reinforces the _SOCIAL_ dimension of sustainability.

Social dimension of sustainability includes caring and saving any community. Here Anni has taken action to safe some people from forced labour which comes under Social Dimension. There are two other dimensions also i.e. Economical and Environmental Dimensions.