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

MRO is the acronym for maintenance, repair, and _____.

Large companies usually assign responsibility for purchasing direct and indirect materials to the same department.

Many companies use strategic alliances, partnerships, and long-term contracts to create relationships with other companies in the supply chains for the products that they manufacture or sell.

List the advantages of using Internet technologies in supply chain management.

_____ are vertical portals which are open to new buyers and sellers just entering the industry.

The American National Standards Institute (ANSI) does not set standards, but maintains procedures for the development of national standards and accredits committees that follow those procedures.

In _____, the company negotiates long-term contracts for most of the materials that it will need.

The Data Interchange Standards Association (DISA) and the EDI for Administration, Commerce, and Transport (UN/EDIFACT) group were successful in developing a common set of international standards for electronic data interchange.

A(n) _____ is a business-to-business (B2B) marketplace model that has a password-protected entrance and offers negotiated price reductions on a limited selection of products.

By coordinating the efforts of supply chain participants, firms that engage in supply chain management are reaching beyond the limits of their own organization's hierarchical structure and creating a new network form of organization among the members of the supply chain.

Buying products from loosely organized markets is called _____.

Electronic data interchange (EDI) is still the single most commonly used technology in online _____ transactions.

Businesses that engage in supply chain management work to establish long-term relationships with a small number of very capable suppliers who are called _____.

_____ prevents either party involved in an electronic data interchange (EDI) transaction from denying the transaction's validity or existence.

An independent exchange is a B2B marketplace model.

What is the difference between indirect connection electronic data interchange (EDI) and direct connection electronic data interchange (EDI)?

A passive Radio Frequency Identification Device (RFID) tag does not need a power source.

A(n) _____ system is a service that banks use to manage their accounts with each other.

EDI is the acronym for _____.

The roots of Web technology for business-to-business transactions lie in a hierarchically structured approach to inter-firm information transfer called _____.