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

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.

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

One trend that is becoming clear in purchasing, logistics, and support activities is the shift away from hierarchical structures toward _____ structures.

_____ give individual managers the ability to make multiple small purchases at their discretion while providing cost-tracking information to the procurement office.

An important characteristic of purchasing, logistics, and support activities is flexibility.

Some researchers use the term "_____" instead of "supply chain" because many industry value chains include many parallel lines that are interconnected in a network configuration made up of strategic alliances or complex configurations of outsourcing contracts.

Most Electronic Data Interchange-Internet Integration (EDIINT) exchanges today are encoded using the _____ specification.

A(n) _____ is a vertical portal which is not controlled by a company that is an established buyer or seller in the industry.

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

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

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

Electronic receipts returned from AS2 transmissions used in the exchange of EDI transactions fail to establish nonrepudiation.

Direct materials that companies buy on a recurring basis are called MRO supplies.

The long-term relationships that are created among participants in the supply chain are called _____.

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

A(n) _____ is a company that provides communications equipment, software, and skills needed to receive, store, and forward electronic messages that contain electronic data interchange (EDI) transaction sets.

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

Industry-specific data interchange standards were used to exchange data between companies in different industries.

In the past, most value-added networks (VANs) did not require an enrollment fee.

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