ch 12

All of the following are weaknesses of EDI except:

EDI lacks universal standards.

_______ production is a set of production methods that focuses on the elimination of waste throughout the customer value chain.

Lean

All of the following are current major trends in B2B e-commerce, except:

Move to implement highly centralized supply chains to reduce risk.

Which of the following statements about cloud-based B2B systems is not true?

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

The essential characteristic of ________ is that they bring hundreds to thousands of suppliers into a single Internet-based environment to conduct trade.

Net marketplaces

Which of the following is another name for a private industrial network?

PTX

Which of the following statements is not true?

VWGroupSupply.com is an industry consortium.

Supply chain ________ refers to differentiating a firm's products or prices on the basis of superior supply chain management.

competition

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

e-distributor

Which of the following primarily deal with indirect goods?

e-distributors and e-procurement Net marketplaces

Which of the following primarily serve horizontal markets?

e-distributors and e-procurement Net marketplaces

Which of the following primarily deal with direct goods?

exchanges and industry consortia

Private industrial networks are direct descendants of:

existing EDI networks.

All of the following are potential benefits of B2B e-commerce except:

lower price transparency.

E-distributors:

make money by charging a mark-up on products they distribute.

The liquidity of a market is measured by all of the following except:

price transparency.

Which of the following is the fastest growing form of B2B e-commerce?

private industrial networks

Automated order entry systems:

show goods from a single seller.

B2B e-commerce Web sites:

tend to serve horizontal markets.

________ is defined as the use of digital technologies to permit organizations to work together to design, develop, build, and manage products through their life cycles.

Collaborative commerce

Which of the following is not a typical barrier to the implementation of a private industrial network?

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

All of the following are forms of collaboration among businesses except:

RFQs.

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.

SCM

_______ purchasing involves the purchase of goods based on immediate needs in larger marketplaces that involve many suppliers.

Spot

All of the following have led to the development of outsourcing of manufacturing around the world except:

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.

exchange

Walmart's global supply chain has been criticized for all of the following except:

failing to be efficient.

EDI document structures are defined by:

industry committees.

The Seam is an example of an ________.

industry consortium

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

over 25

The last step in the procurement process is:

sending a remittance payment.

The majority of inter-firm trade involves:

contract purchasing of direct goods.

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

desktop computers.

EDI began as a(n) ________ system.

document automation

All of the following are important trends in B2B e-commerce in 2015-2016, except:

industry demand for supply chain sustainability.

Which of the following is a method of inventory cost management that seeks to eliminate excess inventory?

just-in-time production

An ________ provides electronic catalogs that represent the products of thousands of direct manufacturers.

e-distributor

WW Grainger is an example of a(n) ________.

e-distributor

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

e-procurement Net marketplace

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

paper napkins.

In the BYOD trend, employees are allowed or encouraged to:

use their own mobiles and laptops.

A(n) ________ market is one that provides expertise and products for a specific industry, such as automobiles.

vertical

Which of the following primarily involve long-term sourcing?

e-procurement Net marketplaces and industry consortia

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

exchange

Collaborative commerce systems:

foster sharing sensitive internal information with suppliers and purchasers.

All of the following are potential benefits of B2B e-commerce except:

increased product cycle time.

Office supplies are an example of:

indirect goods

Which of the following terms refers to the links that connect business firms with one another to coordinate production?

supply chain

An ________ serves businesses that primarily buy direct goods on a contract purchasing basis.

industry consortium

What is the first step in the procurement process?

search for suppliers

Which of the following is an example of an e-distributor?

AmazonSupply

In 2015, the total amount of B2B e-commerce in the United States was approximately:

$6.3 trillion.

Analysts predict that B2B e-commerce in the United States will grow by 2019 to approximately:

$8.6 trillion.

_______ is another name for transorganizational business processes.

Collaborative commerce

Which of the following is not a characteristic of the use of social networks in B2B e-commerce?

They are always private.

Which of the following statements about EDI systems is true?

They typically serve vertical markets.

_______ is a method for ensuring that suppliers precisely deliver ordered parts at a specific time and to a particular location.

Tight coupling

Which of the following is an example of an e-procurement Net marketplace?

Ariba

A(n) ________ supply chain is one in which the labor conditions in low-wage, underdeveloped producer countries are visible and morally acceptable to ultimate consumers in more developed industrial societies.

accountable

Which of the following was the first step in the development of B2B e-commerce?

automated order entry systems