Discuss the four e-procurement methods and give an example of when each might be used.
What will be an ideal response?
Industry purchasing sites: Industries have formed websites to streamline and standardize the e-procurement process. Steel, chemicals, paper, and automobile manufacturers have created integrated websites to assist their own purchasing departments in online purchasing and supplier selection.
Business function sites: Certain business functions have websites to standardize purchasing. For example, individual utilities used to negotiate by phone to buy and sell electricity with each other; however, today the purchase of electricity by utility companies is done over a website dedicated to energy management.
Extranet to major suppliers: Many companies have set up direct links to approved suppliers to make the purchase easier and move it closer to front-line decision makers. Office Depot, for example, has a number of direct relationships using EDI with thousands of companies.
Company buying sites: Many large companies have created their own websites to assist vendors. RFPs and other relevant supplier information as well as some contact information are accessible for review.
Examples will vary.
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A ________ is a retail firm owned by its customers. Members contribute money to open their
own store, vote on its policies, elect a group to manage it, and receive dividends. A) retailer cooperative B) voluntary chain C) consumer cooperative D) merchandising conglomerate E) franchise organization
Which of the following is an accurate overall label for the terms postulates and principles?
a. Constraints b. Concepts c. Axioms d. Conventions
One of five principal goals for a sales presentation is to ________.
A. fulfill the customer's need for affiliation B. build product interest C. enable evaluation of product alternatives D. build impersonal relationships with customers E. agree on a price
A company expects next year's overhead costs to be $400,000. During this time, the company also expects to produce 1,000,000 units, have 200,000 direct labor hours, and 800,000 machine hours.Make the following independent calculations.a. Compute a plantwide overhead rate using units of production as the allocation base.b. Compute a plantwide overhead rate using direct labor hours as the allocation base.c. Compute a plantwide overhead rate using machine hours as the allocation base.
What will be an ideal response?