Question 1
What term is used to describe the outsourcing of logistics?
◦ Third-Party Logistics
◦ Shipper Managed Inventory (SMI)
◦ Hollow Logistics
◦ E-Logistics
◦ Sub-Logistics
Question 2
E-procurement
◦ is the same thing as Internet purchasing.
◦ represents only the auction and bidding components of Internet purchasing.
◦ is used only for raw material purchasing.
◦ works best in long-term contract situations, and is not suited for auctions.
◦ is illegal in all states except Nevada and New Jersey.
