Question 1

Which vendor offers comprehensive solutions for organizations that do not have in-house resources to develop a supply chain management (SCM)system?

Accepted Answer

SAP offers comprehensive SCM solutions that can be implemented by organizations without in-house resources, providing end-to-end supply chain management capabilities.

Question 2

In the context of supply chain management (SCM)technologies, _____ enables business partners to send and receive information on business transactions.

Accepted Answer

Electronic Data Interchange (EDI) is the technology that allows business partners to exchange information about transactions in a standardized electronic format, facilitating faster and more accurate communication compared to traditional paper-based methods.

Question 3

Which statement is true of electronic data interchange (EDI)?

Accepted Answer

EDI becomes more beneficial as more companies join the network, enhancing efficiency and reducing costs through standardized electronic communication.

Question 4

Which is an example of a third-party exchange?

Accepted Answer

The answer of Which is an example of a third-party...

Question 5

In the context of Internet-enabled supply chain management (SCM), which SCM activity involves bargaining and renegotiating prices and term agreements?

Accepted Answer

Purchasing/procurement involves the activities related to acquiring goods and services, including bargaining and renegotiating prices and term agreements with suppliers.

Question 6

In the context of supply chain management (SCM)systems, which of the following markup languages has helped organizations use the Internet and Open electronic data interchange (EDI)perform the same function as that of traditional EDI?

Accepted Answer

XML (Extensible Markup Language) has played a significant role in enabling organizations to use the Internet for electronic data interchange (EDI), performing similar functions to traditional EDI by allowing for the flexible and efficient exchange of data between different systems.

Question 7

_____ help determine the price of goods and services when there is no set price in the marketplace.

Accepted Answer

Auctions help determine the price of goods and services through a bidding process when there is no set price in the marketplace.

Question 8

Online auctions are:

Accepted Answer

Online auctions are cost-effective for selling excessive inventory because they allow sellers to reach a wide audience without the need for physical retail space, reducing costs associated with unsold stock.

Question 9

Which statement is true of auctions?

Accepted Answer

Auctions often involve the organization hosting the auction collecting transaction fees for providing the service. This is a common way for these organizations to generate revenue. Traditional auctions do not necessarily sell more goods than online auctions, especially given the rise of platforms like eBay. Goods auctioned do not always have a set price in the marketplace; auctions can be used for unique or rare items where the market price is not clear. Online auctions are not based on the barter business model; they involve bidding money for items, not trading goods or services directly.

Question 10

Which statement is true of an e-distributor?

Accepted Answer

E-distributors typically offer a broad selection of products and services with the convenience of fast delivery, leveraging the internet for efficiency and reach.

Question 11

In the context of Internet-enabled supply chain management (SCM), which SCM activity involves handling returned goods and out-of-stock notifications to customers?

Accepted Answer

The answer of In the context of Internet-enabled supply chain...

Question 12

Which is an example of an e-marketplace?

Accepted Answer

The answer of Which is an example of an e-marketplace?
...

Question 13

A company can purchase a maintenance, repair, and operation (MRO)package that might include services from different vendors, but an e-distributor coordinates them into one package for customers. This packaging is an example of a _____ market.

Accepted Answer

This packaging is an example of a horizontal market because it involves services that cater to a wide range of industries and customers, rather than focusing on a specific sector (vertical market) or a specific group of customers (targeted market). Horizontal markets meet common needs across industries, and in this case, the MRO package serves various businesses regardless of their specific industry.

Question 14

In Internet-enabled supply chain management (SCM), activities such as coordinating just-in-time (JIT)inventory programs with vendors and suppliers and conducting customer demand analysis are part of _____.

Accepted Answer

The answer of In Internet-enabled supply chain management (SCM), activities...

Question 15

Which statement is true of Web-based electronic data interchange (Open EDI)?

Accepted Answer

Open EDI, by leveraging the internet, reduces the cost of transmitting documents compared to traditional EDI methods that often require dedicated lines or value-added networks.

Question 16

In the context of electronic exchange of information, which is used by companies to improve the efficiency and effectiveness of the supply chain process?

Accepted Answer

The Internet and established Web protocols are used by companies to improve the efficiency and effectiveness of the supply chain process by enabling faster, more reliable, and cost-effective electronic exchange of information.

Question 17

In supply chain management (SCM), many companies substitute electronic _____ for printing, mailing, and faxing paper documents, such as purchase orders, invoices, and shipping notices.

Accepted Answer

Electronic Data Interchange (EDI) is the correct answer because it refers to the structured transmission of data between organizations electronically, which is commonly used in SCM to replace traditional paper-based documents like purchase orders and invoices.

Question 18

In the context of e-marketplaces, a _____ market concentrates on coordinating a business process or function involving multiple vendors.

Accepted Answer

Horizontal markets focus on providing goods or services across multiple industries, emphasizing the coordination of business processes or functions that involve various vendors, rather than concentrating on a specific industry or vertical.

Question 19

An online auction is based on the _____, which brings buyers and sellers together in a virtual marketplace.

Accepted Answer

The brokerage business model is used in online auctions to bring buyers and sellers together in a virtual marketplace, facilitating transactions between them.

Question 20

In the context of Internet-enabled supply chain management (SCM), which of the following SCM activities involves providing real-time stock information and replenishing stock efficiently?

Accepted Answer

Inventory management involves providing real-time stock information and replenishing stock efficiently. This activity is crucial for maintaining optimal inventory levels and ensuring that products are available to meet customer demand without overstocking.

Quiz 11: Enterprise Systems

Which vendor offers comprehensive solutions for organizations that do not have in-house resources to develop a supply chain management (SCM) system?

In the context of supply chain management (SCM) technologies, _____ enables business partners to send and receive information on business transactions.

Which statement is true of electronic data interchange (EDI) ?

Which is an example of a third-party exchange?

In the context of Internet-enabled supply chain management (SCM) , which SCM activity involves bargaining and renegotiating prices and term agreements?

In the context of supply chain management (SCM) systems, which of the following markup languages has helped organizations use the Internet and Open electronic data interchange (EDI) perform the same function as that of traditional EDI?

_____ help determine the price of goods and services when there is no set price in the marketplace.

Online auctions are:

Which statement is true of auctions?

Which statement is true of an e-distributor?

In the context of Internet-enabled supply chain management (SCM) , which SCM activity involves handling returned goods and out-of-stock notifications to customers?

Which is an example of an e-marketplace?

A company can purchase a maintenance, repair, and operation (MRO) package that might include services from different vendors, but an e-distributor coordinates them into one package for customers. This packaging is an example of a _____ market.

In Internet-enabled supply chain management (SCM) , activities such as coordinating just-in-time (JIT) inventory programs with vendors and suppliers and conducting customer demand analysis are part of _____.

Which statement is true of Web-based electronic data interchange (Open EDI) ?

In the context of electronic exchange of information, which is used by companies to improve the efficiency and effectiveness of the supply chain process?

In supply chain management (SCM) , many companies substitute electronic _____ for printing, mailing, and faxing paper documents, such as purchase orders, invoices, and shipping notices.

In the context of e-marketplaces, a _____ market concentrates on coordinating a business process or function involving multiple vendors.

An online auction is based on the _____, which brings buyers and sellers together in a virtual marketplace.

In the context of Internet-enabled supply chain management (SCM) , which of the following SCM activities involves providing real-time stock information and replenishing stock efficiently?