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Chapter 3: Q16-9PE (page 421)

Question:When a firm works with suppliers to look for opportunities to save money and benefit the environment.

Short Answer

Expert verified

Answer

Green sourcing.

Step by step solution

01

Step-by-Step Solution Step 1: Green Sourcing

Green sourcingis also known as “Environmentally Preferable Purchasing”. Green sourcing means purchasing or re-purchasing the goods or materials with the purpose of not causing any harm to the environment and also to human health. It is totally related to keeping the environment safe.

02

Importance of Green Sourcing

Focusing on green sourcingreduces the emission of the greenhouse effect and also reduces the cost that is involved in the vehicles, fuels, etc. because it totally focuses on the concept of a “Green Environment”.

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