Implementing SCM Systems and Extranet Connections

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What is the main purpose of Electronic Data Interchange (EDI)?

Enhance manual document exchange

Extend the time for transaction processing

Minimize data entry errors and reduce paper usage (correct)

Increase inventory levels and cycle time

How does Supply Chain Management (SCM) systems facilitate information sharing along the supply chain?

By increasing inventory levels for risk mitigation

By slowing down the cycle time

By allowing automatic notifications to suppliers and ERP system access (correct)

By eliminating paper usage and increasing transaction costs

What type of documents can be exchanged using Electronic Data Interchange (EDI)?

Social media messages

Routine documents like purchasing orders (correct)

Handwritten letters

Personal emails

What is the primary benefit of Vendor-managed Inventory in a supply chain?

Reduces cycle time and minimizes paper usage Signup and view all the answers

How does Extranet benefit organizations involved in Supply Chain Management?

Reduces friction along the supply chain Signup and view all the answers

What role does IT Steering Committee play in IT Strategic Planning?

Reviews and approves IT strategic plans and initiatives Signup and view all the answers

What does Technical Feasibility assess in a systems development project?

Whether the organization can use its existing systems to achieve the project’s performance objectives Signup and view all the answers

Which approach states that ethical actions treat all human beings equally, or, if unequally, then fairly, based on defensible standards?

The Fairness Approach Signup and view all the answers

What is the process that assesses whether the computer code will produce the expected and desired results?

Testing Signup and view all the answers

In IT ethics, what does Information Privacy refer to?

The right to determine when, and to what extent info can be gathered Signup and view all the answers

Which tool is used for collecting user requirements and creating systems design in a group-based manner?

Joint Application Design Signup and view all the answers

What does Economic Feasibility determine in a project?

Does the organization have the necessary time and money Signup and view all the answers

Which of the following is NOT a benefit of Enterprise Resource Planning (ERP) systems?

Reduce the need for extensive training and data conversion Signup and view all the answers

What is the primary purpose of Customer Relationship Management (CRM) systems?

To develop highly individualized offers for customers Signup and view all the answers

Which of the following is NOT a component of operational CRM systems?

Supply chain management applications Signup and view all the answers

What is the purpose of analytical CRM systems?

To analyze customer behavior and perceptions Signup and view all the answers

What is the term used for the marketing of additional related products to customers based on a previous purchase?

Cross-selling Signup and view all the answers

What is the primary function of a supply chain?

To facilitate the flow of materials, information, and services Signup and view all the answers

What is the primary purpose of an Extranet?

To allow external business partners to access a company's internal data and systems securely over the internet Signup and view all the answers

Which of the following is NOT a key element of an IT Strategic Plan?

Providing a detailed implementation plan for specific software applications Signup and view all the answers

What is the primary role of the IT Steering Committee?

To link organizational strategy with IT strategy and allocate resources for IT initiatives Signup and view all the answers

What is a key benefit of implementing Supply Chain Management (SCM) systems with an Extranet?

Improved order entry and customer service Signup and view all the answers

Which of the following is a strategy for acquiring IT applications mentioned in the text?

All of the above Signup and view all the answers

What is a key challenge in assessing the costs of IT investments?

Allocating fixed costs among different IT projects Signup and view all the answers

What is the purpose of Electronic Data Interchange (EDI)?

To facilitate the exchange of business documents between organizations electronically Signup and view all the answers

What is the primary role of an IT Strategic Plan?

To define the long-term goals and objectives for an organization's information technology Signup and view all the answers

Which type of information system is primarily responsible for managing an organization's supply chain?

Supply Chain Management (SCM) systems Signup and view all the answers

Which of the following is a potential benefit of using an Extranet?

Improved collaboration and information sharing with external partners and stakeholders Signup and view all the answers

Which type of information system is responsible for processing business transactions and generating data?

Transaction Processing Systems (TPS) Signup and view all the answers

What is the purpose of Supply Chain Visibility?

To allow all organizations in a supply chain to access relevant data on purchased materials Signup and view all the answers

Which segment of the supply chain involves manufacturing, assembly, and packaging?

Internal Signup and view all the answers

What do Tier 1 suppliers produce in the supply chain?

Integrated components like dashboards and seat assemblies Signup and view all the answers

Which type of flow in the supply chain includes physical products and raw materials?

Material Flows Signup and view all the answers

What is the main role of Electronic Data Interchange (EDI) in the supply chain?

Enhancing data exchange without human intervention Signup and view all the answers

How do IT Strategic Plans benefit supply chain management?

By aligning technology initiatives with the overall business strategy Signup and view all the answers

What is the purpose of an IT Steering Committee in the context of supply chain management?

To centralize decision-making on IT matters Signup and view all the answers

What is a key benefit of using Extranet in the supply chain?

Streamlining communication and data exchange with external parties Signup and view all the answers

What distinguishes Tier 2 suppliers in the supply chain?

Using inputs to make windshields, tires, and plastic moldings Signup and view all the answers

What does the Downstream segment of the supply chain mainly involve?

Distribution activities often carried out by external distributors Signup and view all the answers