Exam 18: Supply Chain Information Systems and Electronic Sourcing

In ERP, all processes use unique databases, and information is captured multiple times.

Making information visible does not require a degree of collaboration between the parties.

The most important benefit of a visibility system is not that the system is able to correct a supply chain problem, but that it allows people to become aware of problems earlier and thus take corrective actions more quickly that they would otherwise.

SRM and CRM applications are directly focused on planning and managing the firm's internal linkages.

A set of SRM sourcing modules acts as an interactive system designed to support purchasing managers in making effective decisions concerning supplier selection, contract management, contract compliance, and so on.

_____ 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.

_____ is Internet-based, and users share software and other information that is provided to computers and mobile devices on demand.

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.

In ERP, visibility of specific transactions taking place in each business process is accessible to everyone in the organization.