Exam 18: Supply Chain Information Systems and Electronic Sourcing

Price should be a very important element of the reverse auction process but not the only one.

When companies map what they believe a process looks like, they discover that the actual process is quite different from what they thought it would look like.

A _____ is an independent firm that neither buys nor sells goods but seeks to facilitate the electronic purchasing process through value enhancement.

In pre-ERP environments, every functional area had its own set of software applications, often running on completely different systems.

B2B marketers are using Facebook and other social networking providers such as LinkedIn to facilitate the sales process.

In a regular reverse auction, prices are anonymous, and the identity of the competitors is provided to all sellers.

In a _____ system, decisions are automated, with exceptions dealt with manually.

A _____ system is often used to search for patterns or relationships in the data.

According to Gartner, _____ is high volume, high velocity, and/or high variety information assets that require new forms of processing to enable enhanced decision making, insight discovery and process optimization.

Participants in blog sites are free to post their reactions, and individuals can respond to other participants' responses.

Which of the following is not one of the spending reduction strategies used following a spend analysis?

A _____ contains the products or services of one or more suppliers.

Historically, companies adopted a unified approach to system usage, such that each function could communicate with each other in the company.

A/An _____ records the part numbers or stock-keeping units that all firms rely on to identify the thousands of unique purchased entities within a system.

A/An _____ is typically organized around specific e-sourcing suite modules that interact with different elements of the purchasing database, elements of the ERP system, and integration of data obtained through external EDI or web-based communications with suppliers or customers.

Which of the following is not one of the principles underlying blockchain technology?

_____ applications address such long-term, strategic questions as "Where should we locate warehouses?", and "How large should our transportation fleet be?," often making use of simulation and optimization modeling.

In a/an _____, sellers are only told their relative rank and thus are not aware of their competitors' prices.

_____ within the supply chain is the process of sharing critical data required to manage the flow of products, services, and information in real time between suppliers and customers.

A reverse auction is a software tool that extends the traditional bid process to permit suppliers to configure their bids in any number of alternative ways.