Why do companies use electronic data interchange? What are its advantages and disadvantages?
What will be an ideal response?
Since the 1970s, companies have been using electronic data interchange (EDI) to transmit information about orders, inventories, invoices, and other data electronically between partners in a supply chain. This approach to bridge building, which predates the Internet, often relies on private networks and proprietary software and is time-consuming to set up. While it dramatically improves supply chain performance by alerting suppliers and customers about real-time demand, it also tends to lock partners into their relationship. After spending a lot of time and energy building a data bridge, companies are less likely to switch partners.
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Identify the situation where indirect channels are more useful than direct channels
A) When product customization is important. B) When after-sale service is important. C) When purchase orders are large. D) When transportation and storage are complex.
It is necessary to distinguish between capital and revenue expenditures because of which of the following accounting rules or principles?
a. Matching b. Full disclosure c. Materiality d. Consistency
What was remarkable about the Refuse Act of 1899?
a. It was one of the very rare environmental protection acts prior to the 1960s. b. It sought to protect the environment but actually made things worse. c. It was entirely created and passed by a citizen’s movement. d. It was sponsored by businesses, not citizens.
Which of the following is NOT true of the speech of acceptance?
a. They are usually brief. b. They are often inspiration in tone. c. They leave no doubt in the minds of audience members that the award was given to the right person. d. They are your chance to be as full of yourself as possible.