Ordering and Purchasing Components, Which Was Once a Cumbersome, Time-

question 19

Multiple Choice

Ordering and purchasing components, which was once a cumbersome, time- consuming process, is now done by _________________, reducing the time involved
In such transactions from weeks to days and eliminating a considerable amount of
Paperwork.

• A) Electronic Data Systems (EDS)
• B) Purchasing International Network (PIN)
• C) Electronic Data Interchange (EDI)
• D) Global Buying Network (GBN)
• E) Internet Buying Network (IBN)

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Definitions:

Hard Facts

Objective, verifiable pieces of information that are indisputable and backed by evidence.

Linear Programming

A mathematical method for determining a way to achieve the best outcome, such as maximum profit or minimum cost, in a given mathematical model.

ISO Certification

A standardization seal awarded by the International Organization for Standardization, indicating that a company meets high criteria of quality and efficiency.

International Quality Standards

Guidelines and specifications set by international bodies to ensure products, services, and systems are safe, reliable, and of good quality.