CIS 450 Ch. 12

The essential characteristic of ________ are they bring hundreds to thousands of suppliers into a single Internet-based environment to conduct trade. industry communications exchanges horizontal markets Net marketplaces

Net marketplaces

NeweggBusiness is an example of a(n) ________

e-distributor

Which of the following primarily deals with indirect goods? exchanges and e-procurement Net marketplaces exchanges and industry consortia e-distributors and industry consortia e-distributors and e-procurement Net marketplaces

e-distributors and e-procurement Net marketplaces

Which of the following primarily serves horizontal markets?

e-distributors and e-procurement Net marketplaces

An ________ is an independently owned, online marketplace that connects hundreds to potentially thousands of suppliers and buyers in a dynamic, real-time environment. e-distributor industry consortium exchange e-procurement company

exchange

An ________ primarily serves businesses that buy direct goods on a spot purchasing basis. e-procurement company e-distributor industry consortium exchange

exchange

________ was/were the first step in the development of B2B e-commerce:

Automated order entry systems

Which of the following statements about cloud-based B2B systems is not true? B2B network providers charge customers on a demand basis. Much of the expense of the system is shifted from the B2B network provider to the firm. Cloud-based B2B data networks can be implemented in short periods of time. Network effects apply, enabling the spreading of costs.

Much of the expense of the system is shifted form the B2B network provider to the firm.

The term BYOD refers to employees:

being allowed or encouraged to use their own mobile devices and laptops.

Electronic Data Interchange (EDI) began as a(n) ________ system. MRP invoice generation document exchange document automation

document automation

An ________ serves businesses that primarily buy direct goods on a contract purchasing basis. industry consortium e-distributor exchange e-procurement company

industry consortium

TheSeam is an example of an ________. e-distributor e-procurement Net marketplace exchange industry consortium

industry consortium

TheSeam is an example of an ________. exchange e-distributor industry consortium e-procurement Net marketplace

industry consortium

Which of the following is a method of inventory cost management that seeks to eliminate excess inventory? supply chain simplification just-in-time production sustainable production lean production

just-in-time production

A(n) ________ market is one that provides expertise and products for a specific industry, such as automobiles. vertical horizontal buyer-biased indirect

vertical

A private industrial network is an independently owned online marketplace that connects many suppliers and buyers.

False

E-distributors operate in vertical markets.

False

Few large firms today have Electronic Data Interchange (EDI) systems.

False

Operating on a global scale is one goal of collaborative commerce.

False

Private industrial networks are usually owned collectively by the major firms participating in the network, while exchanges usually are created by a single sponsoring company.

False

Which of the following is not a typical barrier to the implementation of a private industrial network? It requires a change of mindset and behavior of employees. It requires participating firms to share sensitive data. It requires the large network owners to give up some of its independence. It requires a significant investment of time and money.

It requires the large network owners to give up some of its independence.

________ production is a set of production methods that focuses on the elimination of waste throughout the customer value chain. Sustainable Just-in-time Lean Green

Lean

________ is a method for ensuring that suppliers precisely deliver ordered parts at a specific time and to a particular location. Having an adaptive supply chain Tight coupling Materials requirement planning Supply-chain management

Tight coupling

B2B e-commerce websites tend to serve horizontal markets.

True

Collaborative commerce has a much broader mission than EDI.

True

Industry consortia are more focused on optimizing long-term relationships than independent exchanges, which tend to focus more on short-term purchasing relationships.

True

Walmart is the largest purchaser of consumer goods in the world.

True

An ________ primarily serves businesses that buy indirect goods on a spot purchasing basis.

e-distributor

Automated order entry systems: are typically owned by the purchasing firm. no longer play an important role in B2B commerce. show goods from a single seller. increased the costs of inventory replenishment.

show goods from a single seller

________ is another name for transorganizational business processes.

Collaborative commerce

Industrial consortia were the first form of Internet-based B2B commerce.

False

Which of the following is not a typical barrier to the implementation of a private industrial network? It requires a significant investment of time and money. It requires participating firms to share sensitive data. It requires the large network owners to give up some of its independence. It requires a change of mindset and behavior of employees.

It requires the large network owners to give up some of its independence

________ are the fastest growing form of B2B e-commerce. R-distributors Industry consortiums Private industrial networks Exchanges

Private industrial networks

________ purchasing involves the purchase of goods based on immediate needs in larger marketplaces that involve many suppliers. Spot Indirect Vertical Bulk

Spot

Which of the following primarily deals with direct goods? exchanges and e-procurement Net marketplaces e-procurement Net marketplaces and industry consortia e-distributors and independent exchanges exchanges and industry consortia

exchanges and e-procurement Net marketplaces

Walmart's global supply chain has been criticized for all of the following except: wasting energy. failing to be efficient. exploiting labor in underdeveloped countries. bribing officials.

failing to be efficient

Office supplies are an example of: MRO goods. direct goods. indirect goods. distributed goods.

indirect goods

Cisco estimates that by 2016, mobile traffic will represent ________% of all business Internet traffic

over 25

What is the first step in the procurement process? search for suppliers issue a purchase order qualify the seller and its products negotiate price

search for suppliers

EDI document structures are defined by: individual suppliers and buyers. industry committees. a single international standards body. each purchaser.

industry committees

All of the following are weaknesses of EDI except:

EDI lacks universal standards

Which of the following statements about EDI systems is true?

They typically serve vertical markets

A(n) ________ system continuously links the activities of buying, making, and moving products from suppliers to purchasing firms, as well as integrating order entry systems. ERP SCM CPFR EDI

`SCM

All of the following have led to the development of outsourcing of manufacturing around the world except: technology. globalization of trade. environmental concerns. high levels of wage disparity between the developed and undeveloped worlds.

environmental concerns

An ________ is an independently owned, online marketplace that connects hundreds to potentially thousands of suppliers and buyers in a dynamic, real-time environment. e-distributor e-procurement company exchange industry consortium

exchange

Collaborative commerce systems: bring customers into the product development phase. focus on structuring intra-firm communications. foster sharing sensitive internal information with suppliers and purchasers. provide open, competitive marketplaces.

foster sharing sensitive internal information with suppliers and purchasers

All of the following are potential benefits of B2B e-commerce except: lower price transparency. lower administrative costs. lower transaction costs. lower search costs.

lower price transparency

An example of an indirect good in the fast-food industry is:

paper napkins

________ is an example of an e-distributor.

Amazon Business

In 2016, the total amount of B2B e-commerce in the United States was approximately: $670 billion. $67 trillion. $67 billion. $6.7 trillion.

$6.7 trillion

Analysts predict that B2B e-commerce in the United States will grow by 2020 to approximately:

$9 trillion

Which of the following statements about B2B marketing is not true? B2B marketing accounts for over 25% of the total amount spent on digital marketing and advertising. Mobile B2B marketing consumes only 5% of B2B marketing budgets. The disparity between the amount spent on B2B marketing compared to B2C e-commerce reflects the different nature of much of B2B e-commerce when compared to B2C e-commerce. Content marketing is one of the primary and most effective marketing tools in B2B marketing.

B2B marketing accounts for over 25% of the total amount spent on digital marketing and advertising.

Which of the following is not a characteristic of the use of social networks in B2B e-commerce? It helps develop a more personal relationship between participants in the supply chain. They are always private. It enables participants to make decisions based on current conditions. It is typically unstructured.

They are always private

Highly centralized supply chains provide lower short-term costs, but higher, longer-term risk protection.

True

Lean production is an extension of just-in-time production methods.

True

MRO goods are also known as indirect goods

True

Purchasing managers are the key players in the procurement process.

True

Supply chain ________ refers to differentiating a firm's products or prices based on superior supply chain management. competition management collaboration simplification

competition

All of the following are examples of direct goods in the auto industry except:

desktop computers

EDI document structures are defined by:

industry committees

The last step in the procurement process is: delivering the goods. sending a remittance payment. shipping the goods. sending the invoice.

sending a remittance payment

________ refers to the links that connect business firms with one another to coordinate production. B2B e-commerce Vertical market Horizontal market Supply chain

Supply chain

Which of the following is another name for a private industrial network? industry consortia PINS PTX EDI system

PTX

All of the following are important trends in B2B e-commerce in 2016-2017, except: generation and management of huge big data repositories. an increase in regional manufacturing and supply chains. the growing emphasis on obtaining real-time data. growing emphasis on lowest cost supply chains.

growing emphasis on lowest cost supply chains

The liquidity of a market is measured by all of the following except: volume of transactions. size of transactions. number of buyers and sellers in market. price transparency.

price transparency