Question 1

Define the procurement process. What are the seven basic steps in the procurement process?

Accepted Answer

The procurement process refers to the way business firms purchase the goods they need to produce the goods they will ultimately sell to consumers. Firms purchase goods from a set of suppliers that in turn purchase their inputs from another set of suppliers. These firms are linked in a series of connected transactions. The supply chain refers to this series of transactions, which links sets of firms that do business with each other. It includes not only the firms themselves but also the relationships between them and the processes that connect them. There are seven steps in the procurement process: searching for suppliers for specific products; qualifying the sellers and the products they sell; negotiating prices; credit terms, escrow requirements, quality, and scheduling delivery; issuing purchase orders; sending invoices; goods are shipped; and the buyer sends a payment. Each step is composed of separate substeps that must be recorded in the information systems of the buyer, seller, and shipper.

Question 2

MRO goods are also known as direct goods.

Accepted Answer

A) True 
 B)False  False

Question 3

Walmart is the largest purchaser of consumer goods in the world.

Accepted Answer

A) True 
 B)False  True

Question 4

Which of the following is a method of inventory cost management that seeks to eliminate excess inventory?

Accepted Answer

A)  lean production 
B)  sustainable production 
C)  just-in-time production 
D)  supply chain simplification 
A)  lean production 
B)  sustainable production 
C)  just-in-time production 
D)  supply chain simplification

Question 5

Supply chain ________ refers to differentiating a firm's products or prices on the basis of superior supply chain management.

Accepted Answer

A)  management 
B)  simplification 
C)  competition 
D)  collaboration 
A)  management 
B)  simplification 
C)  competition 
D)  collaboration

Question 6

What is the first step in the procurement process?

Accepted Answer

A)  negotiate price 
B)  qualify the seller and its products 
C)  issue a purchase order 
D)  search for suppliers 
A)  negotiate price 
B)  qualify the seller and its products 
C)  issue a purchase order 
D)  search for suppliers

Question 7

Which of the following is an example of an e-distributor?

Accepted Answer

A)  Grainger 
B)  Go2Paper 
C)  The Seam 
D)  Ariba Network 
A)  Grainger 
B)  Go2Paper 
C)  The Seam 
D)  Ariba Network

Question 8

Which of the following is not a characteristic of the use of social networks in B2B e-commerce?

Accepted Answer

A)  It is typically unstructured. 
B)  It helps develop a more personal relationship between participants in the supply chain. 
C)  It enables participants to make decisions based on current conditions. 
D)  They are always private. 
A)  It is typically unstructured. 
B)  It helps develop a more personal relationship between participants in the supply chain. 
C)  It enables participants to make decisions based on current conditions. 
D)  They are always private.

Question 9

________ is defined as the use of digital technologies to permit organizations to work together to design, develop, build, and manage products through their life cycles.

Accepted Answer

A)  SCM 
B)  Social e-commerce 
C)  EDI 
D)  Collaborative commerce 
A)  SCM 
B)  Social e-commerce 
C)  EDI 
D)  Collaborative commerce

Question 10

Exchanges are not directly tied to ERP systems used by large firms.

Accepted Answer

A) True 
 B)False

Question 11

Automated order entry systems:

Accepted Answer

A)  show goods from a single seller. 
B)  increased the costs of inventory replenishment. 
C)  are typically owned by the purchasing firm. 
D)  no longer play an important role in B2B commerce. 
A)  show goods from a single seller. 
B)  increased the costs of inventory replenishment. 
C)  are typically owned by the purchasing firm. 
D)  no longer play an important role in B2B commerce.

Question 12

________ purchasing involves the purchase of goods based on immediate needs in larger marketplaces that involve many suppliers.

Accepted Answer

A)  Spot 
B)  Indirect 
C)  Vertical 
D)  Bulk 
A)  Spot 
B)  Indirect 
C)  Vertical 
D)  Bulk

Question 13

B2B e-commerce websites tend to serve horizontal markets.

Accepted Answer

A) True 
 B)False

Question 14

E-distributors:

Accepted Answer

A)  make money by charging a mark-up on products they distribute. 
B)  usually operate "private" markets. 
C)  operate in vertical markets. 
D)  focus on selling direct products. 
A)  make money by charging a mark-up on products they distribute. 
B)  usually operate "private" markets. 
C)  operate in vertical markets. 
D)  focus on selling direct products.

Question 15

All of the following are forms of collaboration among businesses except:

Accepted Answer

A)  RFQs. 
B)  CPFR. 
C)  demand chain visibility. 
D)  marketing coordination and product design. 
A)  RFQs. 
B)  CPFR. 
C)  demand chain visibility. 
D)  marketing coordination and product design.

Question 16

Describe at least five characteristics of Net marketplaces.

Accepted Answer

Characteristics of Net marketplaces incl

Question 17

Which of the following is not a typical barrier to the implementation of a private industrial network?

Accepted Answer

A)  It requires participating firms to share sensitive data. 
B)  It requires the large network owners to give up some of its independence. 
C)  It requires a significant investment of time and money. 
D)  It requires a change of mindset and behavior of employees. 
A)  It requires participating firms to share sensitive data. 
B)  It requires the large network owners to give up some of its independence. 
C)  It requires a significant investment of time and money. 
D)  It requires a change of mindset and behavior of employees.

Question 18

An example of an indirect good in the fast-food industry is:

Accepted Answer

A)  mustard. 
B)  paper napkins. 
C)  beef. 
D)  sugar. 
A)  mustard. 
B)  paper napkins. 
C)  beef. 
D)  sugar.

Question 19

An ________ primarily serves businesses that primarily buy indirect goods on a contract purchasing basis.

Accepted Answer

A)  e-distributor 
B)  e-procurement Net marketplace 
C)  exchange 
D)  industry consortium 
A)  e-distributor 
B)  e-procurement Net marketplace 
C)  exchange 
D)  industry consortium

Question 20

All of the following are potential benefits of B2B e-commerce except:

Accepted Answer

A)  increased production flexibility. 
B)  increased product cycle time. 
C)  increased opportunities to collaborate with suppliers and distributors. 
D)  increased visibility and real-time information sharing among all participants in the supply chain network. 
A)  increased production flexibility. 
B)  increased product cycle time. 
C)  increased opportunities to collaborate with suppliers and distributors. 
D)  increased visibility and real-time information sharing among all participants in the supply chain network.

Define the procurement process. What are the seven basic steps in the procurement process?

MRO goods are also known as direct goods.

Walmart is the largest purchaser of consumer goods in the world.

Which of the following is a method of inventory cost management that seeks to eliminate excess inventory?

Supply chain ________ refers to differentiating a firm's products or prices on the basis of superior supply chain management.

What is the first step in the procurement process?

Which of the following is an example of an e-distributor?

Which of the following is not a characteristic of the use of social networks in B2B e-commerce?

________ is defined as the use of digital technologies to permit organizations to work together to design, develop, build, and manage products through their life cycles.

Exchanges are not directly tied to ERP systems used by large firms.

Automated order entry systems:

________ purchasing involves the purchase of goods based on immediate needs in larger marketplaces that involve many suppliers.

B2B e-commerce websites tend to serve horizontal markets.

E-distributors:

All of the following are forms of collaboration among businesses except:

Describe at least five characteristics of Net marketplaces.

Which of the following is not a typical barrier to the implementation of a private industrial network?

An example of an indirect good in the fast-food industry is:

An ________ primarily serves businesses that primarily buy indirect goods on a contract purchasing basis.

All of the following are potential benefits of B2B e-commerce except:

Introduction to E-Commerce

E-Commerce Infrastructure

Building an E-Commerce Presence

E-Commerce Security and Payment Systems

E-Commerce Business Strategies

E-Commerce Marketing and Advertising

Social, Mobile, and Local Marketing

Ethics, Law, and E-Commerce

Online Media

Online Communities

E-Commerce Retail and Services

Filters

Exam 12: B2b E-Commerce

Define the procurement process. What are the seven basic steps in the procurement process?

MRO goods are also known as direct goods.

Walmart is the largest purchaser of consumer goods in the world.

Which of the following is a method of inventory cost management that seeks to eliminate excess inventory?

Supply chain ________ refers to differentiating a firm's products or prices on the basis of superior supply chain management.

What is the first step in the procurement process?

Which of the following is an example of an e-distributor?

Which of the following is not a characteristic of the use of social networks in B2B e-commerce?

________ is defined as the use of digital technologies to permit organizations to work together to design, develop, build, and manage products through their life cycles.

Exchanges are not directly tied to ERP systems used by large firms.

Automated order entry systems:

________ purchasing involves the purchase of goods based on immediate needs in larger marketplaces that involve many suppliers.

B2B e-commerce websites tend to serve horizontal markets.

E-distributors:

All of the following are forms of collaboration among businesses except:

Describe at least five characteristics of Net marketplaces.

Which of the following is not a typical barrier to the implementation of a private industrial network?

An example of an indirect good in the fast-food industry is:

An ________ primarily serves businesses that primarily buy indirect goods on a contract purchasing basis.

All of the following are potential benefits of B2B e-commerce except:

Introduction to E-Commerce

E-Commerce Infrastructure

Building an E-Commerce Presence

E-Commerce Security and Payment Systems

E-Commerce Business Strategies

E-Commerce Marketing and Advertising

Social, Mobile, and Local Marketing

Ethics, Law, and E-Commerce

Online Media

Online Communities

E-Commerce Retail and Services

Filters