Question
A company wants to recover value from excess inventories and materials in a way that aligns with green principles. Which practice would be most suitable? 1. Sales of scrap and used materials 2. Investment recovery (sales)of excess inventories/materials 3. Environmental audit for suppliers' internal management 4. Providing design specifications to suppliers with environmental requirements Environmental audit for suppliers internal management Investment recovery (sales) of excess inventories/materials Sales of scrap and used materials Providing design specifications to suppliers with environmental requirements
Answer
4.3
(276 Votes)
Raymond
Professional · Tutor for 6 years
Answer
Providing design specifications to suppliers with environmental requirements.
Explanation
## Step 1: Understanding the problemThe issue with the given company is its wish to generate value from excess inventories and materials, but in environmentally-friendly practices. This intends not just to employ idle resources, recuperate investments, and boost revenue but also to safeguard the environment via sustainable business practices. ## Step 2: Explanation for each choice- Sales of scrap and used materials: From an environmental point of view, this method can be seen as beneficial. But an in-depth examination would reveal that not every scrap is reused, and such instances may lead to increased pollution. Hence this option might not completely adhere to keeping a green environment. - Investment recovery (sales) of excess inventories/materials: Selling surplus stocks or materials can regain investment. However, this could possibly promote over-manufacturing and unrestricted consumption, which is not compatible with green practices. Hence, this does not fully align with the principles of environmentally friendly activities. - Environmental audit for suppliers' internal management: Carrying out environmental audit wouldn't specifically intervene in how to handle leftover inventory and substances in a green manner.- Providing design specifications to suppliers with environmental requirements: Providing specifications for efficient manufacturing practices that are environmental friendly could facilitate reducing waste creation. However, this does not directly address the key issue of how to struggling surplus inventory materials in a green way. ## Step 3: ConclusionBy exclusion method realization, we consider - both Sales of scrap and used materials and providing design specifications to suppliers adhere to a green environment principle. But, when sales of scrap occur, only re-usable parts could make an impactful reduction in environmental waste compared to delivering environmentally efficient design guidelines to decrease waste production for future batches.