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

FedEx and UPS have freight-tracking available to their customers.

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

.____________________ is the ability to establish that a particular transaction actually occurred.

Many industry value chains no longer consist of a single sequence of companies linked in a single line but include many parallel lines that are interconnected in a web or network configuration.

Some researchers who study the interaction of firms within an industry value chain are beginning to use the term "supply ____________________" instead of "supply chain."

To use the services of a VAN, a company must install ____ software that is compatible with the VAN.

Firms that exchange data in specific standard formats are said to be ____.

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

A purchasing or logistics strategy that works this year may not work next year.

____________________ exchanges are not controlled by a company that is an established buyer or seller in the industry.

When EFTs involve two banks, they are executed using a VAN.

The classic objective of ____ is to provide the right goods in the right quantities in the right place at the right time.

Finance and ____________________ 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.

In the past, the up-front cost of implementing indirect connection EDI, including software, VAN enrollment fee, and hardware, typically exceeded $500,000.

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

ANSI does not set standards, but it maintains procedures for the development of national standards and accredits committees that follow those procedures.

A(n)____________________ marketplace is a marketplace that provides auctions, request for quote postings, and other features (many of which are similar to those of e-procurement software)to companies that want to operate their own marketplaces.

In the past, most VANs did not require an enrollment fee.

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 ____.

What is the difference between direct and indirect materials?