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Question 27 A company is striving to improve its green supply chain performance . What specific practice with suppliers aligns directly with environmental objectives? 1. Investment recovery (sales)of excess inventories/materials 2. Sales of excess capital equipment 3. Cooperation with suppliers for environmental objectives 4. Environmental compliance and audit procedure Cooperation with suppliers for environmental objectives eauinment 4 pts

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Question 27
A company is striving to improve its green supply chain performance . What
specific practice with suppliers aligns directly with environmental objectives?
1. Investment recovery (sales)of excess inventories/materials
2. Sales of excess capital equipment
3. Cooperation with suppliers for environmental objectives
4. Environmental compliance and audit procedure
Cooperation with suppliers for environmental objectives
eauinment
4 pts

Question 27 A company is striving to improve its green supply chain performance . What specific practice with suppliers aligns directly with environmental objectives? 1. Investment recovery (sales)of excess inventories/materials 2. Sales of excess capital equipment 3. Cooperation with suppliers for environmental objectives 4. Environmental compliance and audit procedure Cooperation with suppliers for environmental objectives eauinment 4 pts

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MerylProfessional · Tutor for 6 years

Answer

Among these options, "Cooperation with suppliers for environmental objectives" is the most direct way a company can work on improving its green supply chain performance. This principal involves partnering with suppliers to collectively formulate and execute environmental strategies, ensuring far-reaching and sustained environmental benefits. Collaborative strategies could incorporate designing eco-friendly products, packaging reduction, optimizing energy efficiency in production processes, waste management, and reverse logistics, fostering efficient product recycling or disposal in the most environmentally considerate way possible.

Explain

<br /><br />1. "Investment recovery (sales) of excess inventories/materials" seems to be a good practice regarding environmental sustainability, as it minimizes waste and the subsequent environmental consequences by selling off overstock. But, this is more closely related to a company's own inventory management efficiency, not necessarily the practice specifically to suppliers.<br /><br />2. "Sales of excess capital equipment" similarly relates to internal company management. It refers to dealing with a company's outdated or surplus equipment, tools, or machinery sell-off process.<br /><br />3. For "Cooperation with suppliers for environmental objectives", it refers to the company actively working with their suppliers to achieve shared environmental objectives and values. This manifests through various activities like reducing waste, promoting recycling, sourcing sustainably, or even developing new climate-friendly technologies. Such cooperation brings noticeable positive impacts on the overall supply chain's environmental performance as suppliers are integral to any company/ organization's supply chain system.<br /><br />4. "Environmental compliance and audit procedure" aids wrapping up an essential element for driving green performance, but it primarily works as a monitoring strategy, ensuring that the company complies with the existing environmental, legal, and other regulatory requirements.
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