Exam 5: Business-To-Business Activities: Improving Efficiency and Reducing Costs

Firms that exchange data in specific standard formats of electronic data interchange are said to be _____.

A(n) _____ is a marketplace formed by several large buyers in a particular industry.

A(n) _____ is the movement of money from one bank account to another.

An important characteristic of purchasing, logistics, and support activities is flexibility.

Electronic data interchange (EDI) on the Internet is also called _____.

_____ is the ability to establish that a particular transaction actually occurred.

Differentiate between direct and indirect materials.

In the past, most value-added networks (VANs) did not require an enrollment fee.

Most Electronic Data Interchange-Internet Integration (EDIINT) exchanges today are encoded using the _____ specification.

Differentiate between purchasing activities and procurement activities.

_____ are those materials that become part of the finished product in a manufacturing process.

_____ activities include managing the inbound movements of materials and supplies and the outbound movements of finished goods and services.

Vertical portals consisting of industry marketplaces, independent exchanges, and public marketplaces are known collectively as _____ marketplaces.

A(n) _____ is a marketplace that provides auctions, request for quote postings, and other features to companies that want to operate their own marketplaces.

Businesses make a distinction between direct and indirect materials.

By engaging suppliers in cooperative, long-term relationships, companies have found that they can work together with these suppliers to identify new ways to provide their own customers with faster, cheaper, and better services.

Many industry value chains no longer consist of a single sequence of companies linked in a single line but include many parallel lines that are interconnected in a web or network configuration.

AS3 transmissions used for EDI transactions are insecure.

The network purchasing model has one hierarchically structured firm negotiating purchase terms with several similarly structured supplier firms, playing each supplier against the others.

One common support activity that underlies multiple primary activities is _____.