16 Questions
What is the main focus of procurement activities?
Identifying vendors and determining their qualifications
What is the term used to describe procurement activities?
Supply management
What is the primary goal of e-procurement?
To increase the speed and efficiency of procurement processes
What is the part of an industry value chain that precedes a particular strategic business unit?
Supply chain
What is the term used to describe the use of Internet technologies in procurement and sourcing activities?
E-procurement or e-sourcing
What is the goal of supply chain management?
To improve the efficiency of product flow
What is the primary objective of logistics?
To provide the right goods in the right quantities at the right time
What is the term for the intentional collection, classification, and dissemination of information about a company, its products, and its processes?
Knowledge management
What is the term for the use of electronic commerce by governments and government agencies to perform various functions?
E-government
What is the term for the computer-to-computer transfer of business information between two businesses?
Electronic data interchange
Which organization has been the coordinating body for standards in the United States since 1918?
American National Standards Institute (ANSI)
What is the term for the process of planning, implementing, and controlling the operations of the supply chain?
Supply chain management
What is the term for the long-term relationships created among participants in the supply chain?
Supply alliances
What is the term for the vertically integrated doorway (portal) to the Internet for industry members?
Vertical portal
What is the term for the banks that offer VAN services for nonfinancial transactions?
Value-added banks (VABs)
What is the term for the ability to establish that a particular transaction actually occurred?
Nonrepudiation
Learn about business-to-business strategies, including electronic data interchange, supply chain management, and electronic marketplaces. Understand how businesses use technology to improve purchasing, logistics, and other support activities.
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