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

In many companies, procurement staff need not have high levels of product knowledge to identify and evaluate appropriate suppliers.

Governments perform many functions for their stakeholders.

Instead of connecting directly to each of its trading partners, a company might decide to use the services of a(n)____________________.

____ allows trading partners to pass messages through the VAN instead of connecting their computers directly to each other.

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

____ requires each business in the network to operate its own on-site EDI translator computer.

The ASC X12 organization and the UN/EDIFACT group agreed in 2000 to develop one common set of international standards, but this undertaking was not successful.

Ventro opened its first industry marketplace, Chemdex, in early 1987.

A passive RFID tag does not need a power source.

The Web is enabling the shift from hierarchical to network forms of _____.

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

Businesses make a distinction between direct and indirect materials.

EDI increases the paper flow, but streamlines the interchange of information among departments within a company.

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

EDI is the acronym for ____.

The major issue that most companies must deal with in forming supply chain alliances is developing ____.

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

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

Most B2C electronic commerce is an adaptation of EDI.

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.