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

By coordinating the efforts of supply chain participants, firms that engage in supply chain management are reaching beyond the limits of their own organization's hierarchical structure and creating a new network form of organization among the members of the supply chain.

To use the services of a value-added network (VAN), a company must install electronic data interchange (EDI) _____ software that is compatible with the VAN.

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.

A(n) _____ is a business-to-business (B2B) marketplace model that has a password-protected entrance and offers negotiated price reductions on a limited selection of products.

_____ activities include managing the inbound movements of materials and supplies and the outbound movements of finished goods and services.

Differentiate between direct and indirect materials.

The American National Standards Institute (ANSI) does not set standards, but maintains procedures for the development of national standards and accredits committees that follow those procedures.

By engaging suppliers in cooperative, long-term relationships, companies have found that they can work together with these suppliers to identify new ways to provide their own customers with faster, cheaper, and better services.

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

Offshoring nonmanufacturing activities such as purchasing, research and development, recordkeeping, and information management is called _____.

_____ generally includes all purchasing activities, plus the monitoring of all elements of purchase transactions.

EDI is the acronym for _____.

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

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

The roots of Web technology for business-to-business transactions lie in a hierarchically structured approach to inter-firm information transfer called _____.

Buying products from loosely organized markets is called _____.

Outsourcing done by organizations in other countries is often called._____________

An independent exchange is a B2B marketplace model.

Electronic data interchange (EDI) increases the paper flow and disperses the interchange of information among departments within a company.

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