Questions and Answers
Which procurement method involves multiple suppliers competing to provide the best price and secure a contract with a purchaser?
E-Auctioning
What is the main focus of logistics in the supply chain?
Flow of materials
In the context of E-Logistics, what does using web technology aim to facilitate?
Product delivery
Which aspect does E-procurement manage according to the text?
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What does SCM encompass according to the text?
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What is the key role of a supplier in E-Auctioning as mentioned in the text?
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What is the main focus of e-procurement systems?
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Which standardized data format is used by suppliers for data exchange with e-procurement systems?
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In e-procurement, what triggers the automatic checking of suppliers for the best price and ordering of materials?
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Which component in the e-procurement cycle involves filtering suppliers based on reputation and logistics compatibility?
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How does AI impact the need for human involvement in standard inventory replenishment?
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What distinguishes a punchout website used by suppliers in e-procurement?
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What is a key feature of the Finance Module in an ERP system?
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If you were the CEO of a business, what functionality would you expect from the Human Resources module in an ERP system?
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In the context of ERP systems, what does the Supply Chain Management module primarily focus on?
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What does the Customer Relationship Management module in an ERP system aim to enhance?
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For a manufacturing business, what aspect does the Manufacturing Module in an ERP system primarily focus on?
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Which ERP module would be most beneficial for tracking suppliers, reselling items, and managing inventory for a business that sources products externally?
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