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

_____ processes include activities such as hiring, training, and evaluating employees; administering benefits; and complying with government record-keeping regulations.

A vertical portal is an industry-focused hub that offers services to more than one industry.

The U.S. government's Bureau of Public Debt operates the _____ site, which allows individuals to buy savings bonds and financial institutions to buy treasury bills, bonds, and notes.

In the past, one of the major advantages of VANs was the low cost of its application.

_____ are business-to-business (B2B) marketplace models used in electronic commerce.

The classic objective of _____ is to provide the right goods in the right quantities in the right place at the right time.

The use of Internet technologies in sourcing activities is called e-sourcing.

Some researchers use the term "_____" instead of "supply chain" because many industry value chains include many parallel lines that are interconnected in a network configuration made up of strategic alliances or complex configurations of outsourcing contracts.

The _____ has been the coordinating body for standards in the United States since 1918.

States can reduce the cost of providing services by using Web technologies to serve their stakeholders.

A purchasing or logistics strategy that works this year may not work next year.

_____ tags can be placed anywhere on or in most items and are readable even when covered with packing materials, dirt, or plastic bands.

In _____ purchasing, by negotiating contracts in advance, companies can obtain low prices and good delivery terms.

_____ are small chips that use radio transmissions to track inventory.

_____ give individual managers the ability to make multiple small purchases at their discretion while providing cost-tracking information to the procurement office.

To use the services of a value-added network (VAN), a company must install electronic data interchange (EDI) _____ software that is compatible with the VAN.

Electronic data interchange (EDI) increases the paper flow and disperses the interchange of information among departments within a company.

Electronic receipts returned from AS2 transmissions used in the exchange of EDI transactions fail to establish nonrepudiation.

What are the advantages of using value-added networks (VANs)?

Direct materials that companies buy on a recurring basis are called MRO supplies.