Management 3300 Exam 2 Mizzou Questions and
Answers| 100% Solved
supply chain management Correct Ans-strategies that optimize the flow of products and
services from their source to the customer
visibility Correct Ans-describes how easily managers can track timely and accurate supply
chain metrics
demand forecast accuracy (DFA) Correct Ans-the difference between forecasted and actual
demand
electronic data interchange (EDI) Correct Ans-an electronic bridge between partner
companies in a supply chain that is used to transmit real-time information about orders,
inventories, invoices, and other data
global position system (GPS) Correct Ans-electronic devices that receive signals from orbiting
satellites that transmit time and location data; GPS devices help drivers navigate and keep
managers in touch with their transportation fleet
customer relationship management (CRM) Correct Ans-encompasses the strategies,
processes, and information systems an organization uses to build and maintain relationships
with its current and prospective customers
web beacon Correct Ans-tiny, invisible image, typically a single pixel with a unique identifier,
used on websites to track visitors
enterprise resource planning (ERP) Correct Ans-integrated application suite to support the
whole enterprise that includes modules to manage financial, human resources, supply
,middleware Correct Ans-software used as a bridge to integrate separate information systems
and synchronize data across multiple systems
the engineered suite Correct Ans-built from the ground up with consistent user interfaces,
integrated backend database, and a single architectural foundation
pros: data integrity is high, with consistent, up-to-date, and non duplicated elements.
cons: modules are highly interdependent so organizations have to implement and/or upgrade
all systems together. switching costs are high
suite with synchronized modules Correct Ans-vendor provides middleware to connect and
synchronize systems that me be running on different platforms
pros: a common, vendor-provided architecture overlays the systems to improve consistency
across the modules
cons: modules are integrated at the edges, and the bridges can be fragile
best of breed suites Correct Ans-separate systems, developed because they each match user
requirements closely, but integration is weak and architectural foundations can be very different
pros: modules can have very rick functionality and can be implemented individually, reducing
risk
cons: processes interfaces, and data may not be consistent across systems. connections and
synchronization, which can be error-prone or costly, may be done in-house by vendor
infomediary Correct Ans-focuses on informing visitors and empowering them with
aggregated information about products from different suppliers
, e-marketplace Correct Ans-a website that facilitates transactions by bringing together buyers
and sellers from all over the world
b2c Correct Ans-business to consumer
e-commerce relationship in which businesses offer products for online sale to consumers
b2b Correct Ans-business to business
e-commerce relationship in which businesses can buy and sell products or services online to
one another
c2c Correct Ans-consumer to consumer
e-commerce relationship in which individual consumers can buy and sell to one another over
the internet
c2b Correct Ans-consumer to business
e-commerce relationship in which individual consumers can sell products or services to
businesses
uniform resource locator (URL) Correct Ans-the unique global address for a web page or
other resource on the internet
domain name system (DNS) Correct Ans-the hierarchical naming system that maps a more
memorable URL to the actual IP address
Answers| 100% Solved
supply chain management Correct Ans-strategies that optimize the flow of products and
services from their source to the customer
visibility Correct Ans-describes how easily managers can track timely and accurate supply
chain metrics
demand forecast accuracy (DFA) Correct Ans-the difference between forecasted and actual
demand
electronic data interchange (EDI) Correct Ans-an electronic bridge between partner
companies in a supply chain that is used to transmit real-time information about orders,
inventories, invoices, and other data
global position system (GPS) Correct Ans-electronic devices that receive signals from orbiting
satellites that transmit time and location data; GPS devices help drivers navigate and keep
managers in touch with their transportation fleet
customer relationship management (CRM) Correct Ans-encompasses the strategies,
processes, and information systems an organization uses to build and maintain relationships
with its current and prospective customers
web beacon Correct Ans-tiny, invisible image, typically a single pixel with a unique identifier,
used on websites to track visitors
enterprise resource planning (ERP) Correct Ans-integrated application suite to support the
whole enterprise that includes modules to manage financial, human resources, supply
,middleware Correct Ans-software used as a bridge to integrate separate information systems
and synchronize data across multiple systems
the engineered suite Correct Ans-built from the ground up with consistent user interfaces,
integrated backend database, and a single architectural foundation
pros: data integrity is high, with consistent, up-to-date, and non duplicated elements.
cons: modules are highly interdependent so organizations have to implement and/or upgrade
all systems together. switching costs are high
suite with synchronized modules Correct Ans-vendor provides middleware to connect and
synchronize systems that me be running on different platforms
pros: a common, vendor-provided architecture overlays the systems to improve consistency
across the modules
cons: modules are integrated at the edges, and the bridges can be fragile
best of breed suites Correct Ans-separate systems, developed because they each match user
requirements closely, but integration is weak and architectural foundations can be very different
pros: modules can have very rick functionality and can be implemented individually, reducing
risk
cons: processes interfaces, and data may not be consistent across systems. connections and
synchronization, which can be error-prone or costly, may be done in-house by vendor
infomediary Correct Ans-focuses on informing visitors and empowering them with
aggregated information about products from different suppliers
, e-marketplace Correct Ans-a website that facilitates transactions by bringing together buyers
and sellers from all over the world
b2c Correct Ans-business to consumer
e-commerce relationship in which businesses offer products for online sale to consumers
b2b Correct Ans-business to business
e-commerce relationship in which businesses can buy and sell products or services online to
one another
c2c Correct Ans-consumer to consumer
e-commerce relationship in which individual consumers can buy and sell to one another over
the internet
c2b Correct Ans-consumer to business
e-commerce relationship in which individual consumers can sell products or services to
businesses
uniform resource locator (URL) Correct Ans-the unique global address for a web page or
other resource on the internet
domain name system (DNS) Correct Ans-the hierarchical naming system that maps a more
memorable URL to the actual IP address
