ISC301 151-175

A company-based acquisition site that uses e-procurement methods such as reverse auctions, negotiations, or group purchasing, to overcome the manual searching of e-stores and e-malls is referred to as a(n):

• desktop procurement method
• buy-side e-marketplace
• intermediary
• aggregated catalog

Benefits of e-procurement over traditional procurement methods include all of the following EXCEPT:

• Increasing the productivity of purchasing agents.
• Lowering purchase prices through product standardization, reverse auctions, volume discounts, and consolidation of purchases.
• Increasing the skill requirements and training needs of purchasing agents.
• Streamlining invoice reconciliation and dispute resolution.

By using the Internet and automatic-response software agents, GE reduced the cost of customer service calls from $5.00 per call when done by phone to per electronically answered call.

• 2.5
• 1.0
• 0.2
• 0.5

Before the Internet, the trading process for raw and partially processed chemicals, plastics, and fuel oil was each of the following EXCEPT:

• slow
• disintermediated
• fragmented
• expensive

A third party that operates an exchange and in many cases, also owns the exchange is known as a(n):

• intermediary
• market maker
• negotiator
• agent

In the context of EC, are electronic trading-community meeting places for many sellers and many buyers, and possibly for other business partners.

• exchanges
• portals
• social networks
• B2C

In spot-sourcing, prices are:

• set by the market maker
• dynamic and set based on supply and demand
• fixed and set by contract
• based solely on the cost structure of the seller

An exchange whose members are in one industry or industry segment and that trades only in materials/services unique for that industry is referred to as a(n):

• vertical exchange
• horizontal exchange
• lateral exchange
• commodity exchange

Light bulbs and office supplies might be purchased in a(n) by both an automaker and a steelmaker.

• vertical exchange
• horizontal exchange
• lateral exchange
• commodity exchange

In , the prices are usually dynamic and are based on changes in supply and demand.

• strategic sourcing
• vertical sourcing
• horizontal sourcing
• spot sourcing