GMS 401 Chapter 9: Part 2
14 Nov 2016
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Chapter 9: supply chain management - part 2. It speeds purchasing, reduced cost, reduces the involved paperwork, and integrates the supply chain. Electronic data interchange (edi): a standardized data-transmittal format for computerized communications between organizations. >purchase orders, shipping notices, payments, and can extend to sales and inventory data. Advanced shipping notice: a shipping notice delivered directly from vendor to purchaser. >noti es the purchase that the vendor is ready to ship. Purchase of standard items is often accomplished via online catalogues, current information is provided in electronic format. >internet sites where buyers and sellers can meet. Such exchanges move companies from a multitude of individual phone calls, faxes, and emails to a centralized online system, and drives billions dollars of waste out of the supply chain. Online auction sites can be maintained by sellers, buyers, or intermediaries. >encourage sellers to join & increases potential number of buyers. Operations managers nd online auctions a rich area for.
