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

Industry-specific data interchange standards were used to exchange data between companies in different industries.

One trend that is becoming clear in purchasing, logistics, and support activities is the shift away from hierarchical structures toward _____ structures.

Electronic data interchange (EDI) was the first form of electronic commerce to be widely used in business.

_____ business processes include activities such as making payments, processing payments received from customers, planning capital expenditures, and budgeting and planning to ensure that sufficient funds will be available to meet the organization's obligations as they come due.

The total dollar amount of the goods and services that a company buys during a year is called its _____.

_____ requires each business in the network to operate its own on-site electronic data interchange (EDI) translator computer.

The long-term relationships that are created among participants in the supply chain are called _____.

Offshoring nonmanufacturing activities such as purchasing, research and development, recordkeeping, and information management is called _____.

In 1979, American National Standards Institute (ANSI) chartered a new committee to develop uniform electronic data interchange (EDI) standards. This committee is called the _____.

The ultimate goal of supply chain management is to achieve a higher-quality or lower-cost product at the end of the chain.

Since electronic data interchange (EDI) transactions are business contracts and often involve large amounts of money, the existence of an independent audit log helps establish _____.

The use of other organizations to perform specific activities is called _____.

_____ are the names of the formats for specific business data interchanges.

When companies integrate their supply management and logistics activities across multiple participants in a particular product's supply chain, the job of managing that integration is called _____.

_____ allows trading partners to pass messages through a value-added network instead of connecting their computers directly to each other.

Companies in industries with long supply chains have, in the past, often found it difficult to maintain customer focus, which is sometimes called a(n) _____.

A(n) _____ is a company that provides communications equipment, software, and skills needed to receive, store, and forward electronic messages that contain electronic data interchange (EDI) transaction sets.

_____ generally includes all purchasing activities, plus the monitoring of all elements of purchase transactions.

_____ is the intentional collection, classification, and dissemination of information about a company, its products, and its processes.

A(n) _____ is a vertical portal which is not controlled by a company that is an established buyer or seller in the industry.