Deck 12: B2b E-Commerce: Supply Chain Management and Collaborative Commerce

Question 1

E-distributors operate in horizontal markets.

Answer 1

True

Question 2

AmazonSupply is an example of an:

A) e-distributor.
B) e-procurement Net marketplace.
C) exchange.
D) industry consortium.

Answer 2

A

Question 3

Lean production is an extension of just-in-time production methods.

Answer 3

True

Question 4

MRO goods are also known as direct goods.

Question 5

B2B e-commerce Web sites tend to serve vertical markets.

Question 6

Demand chain visibility is one goal of collaborative commerce.

Question 7

Industrial consortia are the most prevalent form of Internet-based B2B commerce.

Question 8

Analysts predict that B2B e-commerce in the United States will grow by 2018 to approximately:

A) $7.8 billion.
B) $78 billion.
C) $780 billion.
D) $7.8 trillion.

Question 9

Private industrial networks are closely tied to ERP systems used by large firms.

Question 10

Industry consortia are more focused on optimizing short-term supply relationships than independent exchanges, which tend to focus more on long-term transactions.

Question 11

Virtually all large firms have Electronic Data Interchange (EDI) systems.

Question 12

Collaborative commerce has a much narrower mission than EDI.

Question 13

Which of the following is not a current major trend in B2B e-commerce?

A) Large firms move toward consolidating regional B2B systems into global systems.
B) The Internet of Things begins to impact how supply chains operate.
C) Firms place a growing emphasis on rapid-response and optimal supply chain rather than lowest-cost supply chains.
D) B2B systems move towards cloud computing providers and away from individual corporate data centers.

Question 14

In 2014, the total amount of B2B e-commerce in the United States was approximately:

A) $5.7 billion.
B) $57 billion.
C) $570 billion.
D) $5.7 trillion.

Question 15

Purchasing managers are the key players in the procurement process.

Question 16

Walmart is the largest purchaser of consumer goods in the world.

Question 17

Walmart's global supply chain has been criticized for all of the following except:

A) exploiting labor in underdeveloped countries.
B) bribing officials.
C) wasting energy.
D) failing to be efficient.

Question 18

Industry consortia are usually owned collectively by the major firms participating in the consortia, while private industrial networks usually are created by a single sponsoring company.

Question 19

Regional supply chains provide lower short-term costs, but higher, longer-term risk protection.

Question 20

An exchange is an independently owned online marketplace that connects many suppliers and buyers.

Question 21

Which of the following statements about automated order entry systems is not True?

A) They are typically owned by the suppliers.
B) They no longer play an important role in B2B commerce.
C) They show goods only from a single seller.
D) They reduce the costs of inventory replenishment.

Question 22

Which of the following terms refers to the links that connect business firms with one another to coordinate production?

A) supply chain
B) seller-side solutions
C) multi-tier exchange
D) liquidity

Question 23

A(n) ________ system continuously links the activities of buying, making, and moving products from suppliers to purchasing firms, as well as integrating order entry systems.

A) EDI
B) ERP
C) CPFR
D) SCM

Question 24

Office supplies are an example of:

A) direct goods.
B) indirect goods.
C) MRO goods.
D) distributed goods.

Question 25

All of the following are potential benefits of B2B e-commerce except:

A) lower administrative costs.
B) lower search costs.
C) lower price transparency.
D) lower transaction costs.

Question 26

The majority of inter-firm trade involves:

A) spot purchasing of direct goods.
B) contract purchasing of indirect goods.
C) contract purchasing of direct goods.
D) spot purchasing of indirect goods.

Question 27

All of the following are weaknesses of EDI except:

A) EDI is not well suited for electronic marketplaces.
B) EDI lacks universal standards.
C) EDI does not provide a real-time communication environment.
D) EDI does not scale easily.

Question 28

EDI systems:

A) generally serve horizontal markets.
B) are seller-side solutions.
C) are based on a communications standard for sharing business documents.
D) no longer play an important role in B2B commerce.

Question 29

Which of the following is a method of inventory cost management that seeks to eliminate excess inventory?

A) lean production
B) sustainable production
C) just-in-time production
D) supply chain simplification

Question 30

The last step in the procurement process is:

A) sending a remittance payment.
B) sending the invoice.
C) shipping the goods.
D) delivering the goods.

Question 31

Which of the following is another name for a private industrial network?

A) Net marketplace
B) PTX
C) EDI network
D) hub-and-spoke system

Question 32

What is the first step in the procurement process?

A) negotiate price
B) qualify the seller and its products
C) issue a purchase order
D) search for suppliers

Question 33

Which of the following statements about cloud-based B2B systems is not True?

A) Much of the expense of the system is shifted from the B2B network provider to the firm.
B) B2B network providers charge customers on a demand basis.
C) Network effects apply, enabling the spreading of costs.
D) Cloud-based B2B data networks can be implemented in short periods of time.

Question 34

EDI began as a(n) ________ system.

A) document automation
B) document elimination
C) continuous replenishment
D) MRP

Question 35

________ is a method for ensuring that suppliers precisely deliver ordered parts at a specific time and to a particular location.

A) Having an adaptive supply chain
B) Tight coupling
C) Supply-chain management
D) Materials requirement planning

Question 36

Which of the following statements about B2B e-commerce Web sites is not True?

A) They are a predecessor of automated order entry systems.
B) They tend to serve horizontal markets.
C) They are seller-side solutions.
D) They are usually considered a type of Net marketplace.

Question 37

Cisco estimates that by 2016, mobile traffic will represent ________% of all business Internet traffic.

A) less than 5
B) around 10
C) around 15
D) over 25

Question 38

Which of the following is the fastest growing form of B2B e-commerce?

A) e-distributors
B) exchanges
C) private industrial networks
D) industry consortiums

Question 39

All of the following are potential benefits of B2B e-commerce except:

A) increased production flexibility.
B) increased product cycle time.
C) increased opportunities to collaborate with suppliers and distributors.
D) increased visibility and real-time information sharing among all participants in the supply chain network.

Question 40

Which of the following was the first step in the development of B2B commerce?

A) Electronic Data Interchange (EDI)
B) automated order entry systems
C) digital storefronts
D) private industrial networks

Question 41

Which of the following statements is not True?

A) The Volkswagen Group manages almost all of its procurement needs via the Internet.
B) VWGroupSupply.com is an industry consortium.
C) VWGroupSupply can be accessed by suppliers via standard Web browser software.
D) The Volkswagen Group developed VWGroupSupply using technology from a number of vendors.

Question 42

All of the following are examples of direct goods in the auto industry except:

A) sheet steel.
B) shatter-resistant glass.
C) rubber molding.
D) desktop computers.

Question 43

An example of an indirect good in the fast-food industry is:

A) mustard.
B) paper napkins.
C) beef.
D) sugar.

Question 44

Which of the following is not a characteristic of the use of social networks in B2B e-commerce?

A) It is typically unstructured.
B) It helps develop a more personal relationship between participants in the supply chain.
C) It enables participants to make decisions based on current conditions.
D) They are always private.

Question 45

An ________ provides electronic catalogs that represent the products of thousands of direct manufacturers.

A) e-distributor
B) e-procurement company
C) exchange
D) industry consortium

Question 46

An ________ primarily serves businesses that primarily buy indirect goods on a contract purchasing basis.

A) e-distributor
B) e-procurement Net marketplace
C) exchange
D) industry consortium

Question 47

Which of the following primarily serve horizontal markets?

A) e-distributors and exchanges
B) e-distributors and e-procurement Net marketplaces
C) e-procurement Net marketplaces and industry consortia
D) exchanges and industry consortia

Question 48

An ________ primarily serves businesses that primarily buy direct goods on a spot purchasing basis.

A) e-distributor
B) e-procurement company
C) exchange
D) industry consortium

Question 49

The liquidity of a market is measured by all of the following except:

A) price transparency
B) number of buyers and sellers in market
C) volume of transactions
D) size of transactions

Question 50

Which of the following is an example of an e-procurement Net marketplace?

A) TheSeam
B) Ariba
C) Grainger
D) SupplyOn

Question 51

Which of the following is not an important trend in B2B e-commerce in 2014-2015?

A) concern about supply chain risk
B) concern about supply chain sustainability
C) concern about the accountability of supply chains
D) concern about increasing use of the mobile platform

Question 52

All of the following have led to the development of outsourcing of manufacturing around the world except:

A) technology.
B) globalization of trade.
C) environmental concerns.
D) high levels of wage disparity between the developed and undeveloped worlds.

Question 53

Which of the following primarily involve long-term sourcing?

A) e-distributors and exchanges
B) e-distributors and industry consortia
C) e-procurement Net marketplaces and exchanges
D) e-procurement Net marketplaces and industry consortia

Question 54

An ________ serves businesses that primarily buy direct goods on a contract purchasing basis.

A) e-distributor
B) e-procurement company
C) exchange
D) industry consortium

Question 55

Which of the following statements about collaborative commerce systems is not True?

A) They involve a move from a transaction focus to a relationship focus.
B) They may include both customers and suppliers.
C) They are open, competitive marketplaces.
D) They typically include a central data repository.

Question 56

Which of the following primarily deal with indirect goods?

A) e-distributors and industry consortia
B) e-distributors and e-procurement Net marketplaces
C) exchanges and industry consortia
D) exchanges and e-procurement Net marketplaces

Question 57

An ________ primarily serves businesses that buy indirect goods on a spot purchasing basis.

A) e-distributor
B) e-procurement company
C) exchange
D) industry consortium

Question 58

Which of the following statements about e-distributors is not True?

A) E-distributors make money by charging a mark-up on products they distribute.
B) E-distributors usually operate "private" markets.
C) E-distributors operate in horizontal markets.
D) E-distributor prices are usually fixed.

Question 59

Which of the following primarily deal with direct goods?

A) e-distributors and independent exchanges
B) exchanges and e-procurement Net marketplaces
C) exchanges and industry consortia
D) e-procurement Net marketplaces and industry consortia

Question 60

An ________ is an independently owned, online marketplace that connects hundreds to potentially thousands of suppliers and buyers in a dynamic, real-time environment.

A) exchange
B) e-distributor
C) e-procurement company
D) industry consortium

Question 61

EDI document structures are defined by:

A) a single international standards body.
B) by individual suppliers and buyers.
C) industry committees.
D) each purchaser.

Question 62

Supply chain ________ refers to differentiating a firm's products or prices on the basis of superior supply chain management.

Question 63

________ can be viewed as "extended enterprises" in the sense that they often begin as ERP systems in a single firm and are then expanded to include the firm's major suppliers.

Question 64

Which of the following is not a typical barrier to the implementation of a private industrial network?

A) It requires participating firms to share sensitive data.
B) It requires the large network owners to give up some of its independence.
C) It requires a significant investment of time and money.
D) It requires a change of mindset and behavior of employees.

Question 65

A(n) ________ supply chain includes a company's secondary and tertiary suppliers.

Question 66

TheSeam is an example of a(n) ________.

Question 67

________ is another name for transorganizational business processes.

A) Supply chain management
B) Collaborative commerce
C) B2B e-commerce
D) Value chain management

Question 68

________ refers to the ability of a firm to monitor the output of its first and second tier suppliers, track and manage supplier orders, and manage transportation and logistics suppliers who are moving the products.

Question 69

BYOD stands for ________.

Question 70

________ is a set of production methods that focuses on the elimination of waste throughout the customer value chain.

Question 71

The essential characteristic of ________ is that they bring hundreds to thousands of suppliers into a single Internet-based environment to conduct trade.

Question 72

________ purchasing involves the purchase of goods based on immediate needs in larger marketplaces that involve many suppliers.

Question 73

________ is a call for business to take social and ecological interests, and not just corporate profits, into account in all their decision making throughout the firm.

Question 74

________ services include automation of a firm's entire procurement process on the buyer side and automation of the selling business processes on the seller side.

Question 75

A(n) ________ market is one that provides expertise and products for a specific industry, such as automobiles.

Question 76

Inventory Locator Service is an example of a(n) ________.

Question 77

________ is defined as the use of digital technologies to permit organizations to work together to design, develop, build, and manage products through their life cycles.

Question 78

A(n) ________ supply chain is one in which the labor conditions in low-wage, underdeveloped producer countries are visible and morally acceptable to ultimate consumers in more developed industrial societies.

Question 79

All of the following are forms of collaboration among businesses except:

A) RFQs.
B) CPFR.
C) demand chain visibility.
D) marketing coordination and product design.

Question 80

Private industrial networks are direct descendants of:

A) e-procurement Net marketplaces.
B) existing EDI networks.
C) independent exchanges.
D) industry consortia.