chapter 11

_________ are web sites where companies and suppliers conduct business-to-business activities:.

E-marketplaces.

In an attempt to minimize inventory levels companies frequently require their suppliers to use a(n) ___________ inventory management system.

On-demand

Which mode of transportation transports products in liquid form?

Pipeline & Ocean

Which of the following countries is not an important U.S. trading partner?

Russia

What a company does best is often referred as the firm's core

competencies.

Which of the following is not an obstacle to global supply chain management?

decreased delivery times

Benefits of e-procurement include all of the following except

fewer transactions

International trade specialists include all of the following except

finance brokers

Companies often outsource to

focus on core competencies, achieve greater flexibility, reduce costs (all the above)

Factors driving globalization of the supply chain include all of the following except

government intervention.

Partnerships require suppliers to provide

higher quality, prompt delivery, lower prices (all the above)

E-procurement is most often used for

indirect goods.

With vendor-managed inventory

manufacturers place orders.

The focus of distribution, what it accomplishes, is referred to as

order fulfillment

Long life, high capital cost and low operating costs are associated with which mode of transportation?

pipeline

Partnerships between customers and suppliers are beneficial because they

provide security and stability.

Distribution centers usually ship product to

retailers.

Distribution includes all of the following activities except

sourcing.

The selection of suppliers is called

sourcing.

The most common mode of transporting products is

trucking.

Landed cost includes

value added tax, duties, customs (all of the above)

Which of the following is not a feature of a warehouse management system?

vendor management.