Chapter 13 - E Business And Procurement

Question 1

What are the pros and cons of e business

Answer 1

PROS- faster/efficient/expand/grow/reduce staff cost/more customers. CONS-expensive/training/time consuming/lack of experience/lose customer interaction

Question 2

What is disintermediation

Answer 2

Removal of traditonal distribution channels (sellers deal directly with buyers)

Question 3

What is Reintermediation

Answer 3

New search engines, comparethemarket.com, comparison sites and online market places

Question 4

What is Countermediation

Answer 4

Established companies setting up new intermediaries

Question 5

What is supply chain management and name some ways

Answer 5

Upstream (suppliers), Downstream (customers), Push v Pull (customer needs), Veticle Integration (suppliers and manufacturers owned by same parent). Vehicle disintegration (opposite of previous-breakdown). Virtual integration(outsourcing)