E-Auctioning and E-Logistics in Business

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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?

<p>Purchasing and suppliers</p> Signup and view all the answers

What does SCM encompass according to the text?

<p>Raw materials to consumer infrastructure</p> Signup and view all the answers

What is the key role of a supplier in E-Auctioning as mentioned in the text?

<p>Competing to provide the best price</p> Signup and view all the answers

What is the main focus of e-procurement systems?

<p>Automating inventory replenishment</p> Signup and view all the answers

Which standardized data format is used by suppliers for data exchange with e-procurement systems?

<p>EDI (Electronic Document Interchange)</p> Signup and view all the answers

In e-procurement, what triggers the automatic checking of suppliers for the best price and ordering of materials?

<p>Material needs identification</p> Signup and view all the answers

Which component in the e-procurement cycle involves filtering suppliers based on reputation and logistics compatibility?

<p>E-sourcing</p> Signup and view all the answers

How does AI impact the need for human involvement in standard inventory replenishment?

<p>AI supplements human decision-making but doesn't replace it</p> Signup and view all the answers

What distinguishes a punchout website used by suppliers in e-procurement?

<p>It connects to e-procurement software for direct ordering</p> Signup and view all the answers

What is a key feature of the Finance Module in an ERP system?

<p>Real-time financial reporting</p> Signup and view all the answers

If you were the CEO of a business, what functionality would you expect from the Human Resources module in an ERP system?

<p>Automated payroll processing</p> Signup and view all the answers

In the context of ERP systems, what does the Supply Chain Management module primarily focus on?

<p>Streamlining production processes</p> Signup and view all the answers

What does the Customer Relationship Management module in an ERP system aim to enhance?

<p>Customer interactions and satisfaction</p> Signup and view all the answers

For a manufacturing business, what aspect does the Manufacturing Module in an ERP system primarily focus on?

<p>Production planning and status tracking</p> Signup and view all the answers

Which ERP module would be most beneficial for tracking suppliers, reselling items, and managing inventory for a business that sources products externally?

<p>Supply Chain Management Module</p> Signup and view all the answers

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