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

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

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

With respect to EDIs, the two businesses that exchange information are called ____.

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.

A ____ is a marketplace that provides auctions, request for quote postings, and other features to companies that want to operate their own marketplaces.

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

What are purchasing activities and how are they different from procurement?

The ____ has been the coordinating body for standards in the U.S.since 1918.

In 1979, ANSI chartered a new committee to develop uniform EDI standards.This committee is called the ____.

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

One way that Procurement Departments control MRO spending is by issuing ____________________.

One of the main goals of ____________________ is to help each company in the chain focus on meeting the needs of the consumer at the end of the supply chain.

A(n)____ is a marketplace formed by several large buyers in a particular industry.

A(n)____ has a password-protected entrance and offers negotiated price reductions on a limited selection of products.

Vertical portals consisting of industry marketplaces, independent exchanges, and public marketplaces are known collectively as ____________________ industry marketplaces.

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

One common support activity that underlies multiple primary activities is ____.

____________________ marketplaces are open to new buyers and sellers just entering the industry.

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

What are the advantages of using a value-added network?