Humber College BISM 202 Chapter 5 1)What is the difference between outsourcing and offshoring?   What is business process offshoring?   What is impact sourcing?   What activities are included in the procurement function called "sourcing"?   Briefly outline the differences between direct materials and indirect materials

Humber College

BISM 202

Chapter 5

1)What is the difference between outsourcing and offshoring?

2. What is business process offshoring?

3. What is impact sourcing?

4. What activities are included in the procurement function called "sourcing"?

5. Briefly outline the differences between direct materials and indirect materials.

6. Briefly define the term spend as it is used in business purchasing.

7. What is spot purchasing?

8. What are MRO supplies?

9. What is a p-card?

10. What is a third-party logistics supplier?

11. Provide three specific examples of business support activities.

12. What is knowledge management?

13. Provide one specific example of how a government unit or agency could use the Web to operate more efficiently or service its constituents better.

14. What is a supply web?

15. Briefly describe the major problem faced by companies that want to use EDI for both

U.S and international transactions.

16. Briefly explain the differences between direct connection EDI and indirect connection EDI.

17. What is open EDI?

18. What is a supply alliance?

19. What is a production strategy?

20. Briefly explain how a company could benefit from being part of an adaptive supply chain.