Procurement Final Exam || very Flawless.

Procurement is the act of correct answers acquiring, buying goods services or works from an external source why is wood procurement so important to the forest products industry correct answers -For production of some type of intermediate or finished product -guarantee as to where the wood originated -promotes sustainable production -promote local economies -reduce capital investment in forest land -lead to better managed forests Rank the following sources relative to the precent of wood supplied to mills in eastern US (from the readings): -Stumpage from company loggers -stumpage from company contract loggers -logs from brokers -stumpage from independent contract loggers -gatewood from contract loggers correct answers 1. Gatewood from contract loggers 2. Stumpage from independent loggers 3. Stumpage from company contract loggers 4. Stumpage from company loggers 5. Logs from brokers Define the relationship between the forest products company and: a. Company loggers b. Company contract loggers c. Independent contract loggers correct answers a. employed by the company directly longterm, all contracts made go directly to the company b. loggers part time employed for 1/multiple projects c. loggers with no contract; loggers choose to bring the contract to company; approach with an estimated value for the company to decide upon What is Chain of Custody relative to procurement correct answers Allows purchasers to know the products origin and confirm it was obtained through a sustainable way, to choose the better product. List 3 certification programs used by the forest products industry and forest landowners that help clients verify sustainable forest management practices--and spell them out correct answers 1. Forest Stewardship Council 2. Sustainable Forestry Initiative 3. Tree Farm What is an NIPF and how is it important for a procurement forester? correct answers Non Industrial Private Forestland; is important to the procurement forester because it allows