In the diagram below, how can the activities in the Red box be improved with the
ID: 392380 • Letter: I
Question
In the diagram below, how can the activities in the Red box be improved with the use of Information Systems?
In the diagram below, how can the activities in the Red box be improved with the use of Information Systems? (Choose 2) Vendor Buyer Web Site Sales Operations Customer Product Data Select Vendor Product Materiahs Web Site, etc.) Purchase from -Purchaes- Product data Set Up Prodctm Vendor on Web Site tem Ready Determine Order Quantity Phatos, Sell Products Negotiation Negotiation and Terms from Vendor Ship Goods Vendor VendorRevised teceive Goods Ship Orders To Customers Order Use a Vendor Management System Information Systems cannot improve these activities O Use a database for Vendor Data Repository Use of paper based invoicingExplanation / Answer
The answer is option A. Use a vendor management system.
Vendor management system is complete package which records the line of transactions and flow of information between vendors and buyers and within buyers to facilitate taking better decisions using the analysis of the data collected.