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

In _____ purchasing, by negotiating contracts in advance, companies can obtain low prices and good delivery terms.

_____ are business-to-business (B2B) marketplace models used in electronic commerce.

The network purchasing model has one hierarchically structured firm negotiating purchase terms with several similarly structured supplier firms, playing each supplier against the others.

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

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.

Using Internet technologies to integrate the design, development, construction, testing and refinement of products is called: ___________

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

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

Differentiate between purchasing activities and procurement activities.

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

Since electronic data interchange (EDI) transactions are business contracts and often involve large amounts of money, the existence of an independent audit log helps establish _____.

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

_____ requires each business in the network to operate its own on-site electronic data interchange (EDI) translator computer.

In 1979, American National Standards Institute (ANSI) chartered a new committee to develop uniform electronic data interchange (EDI) standards.This committee is called the _____.

_____ are the names of the formats for specific business data interchanges.

The _____ has been the coordinating body for standards in the United States since 1918.

The use of other organizations to perform specific activities is called _____.

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.

Electronic data interchange (EDI) was the first form of electronic commerce to be widely used in business.

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