Management Information System (MIS) Practice Exam

What type of portals automate business processes for selling products from a single supplier to multiple buyers?

1. Supplier portals

2. Reference portals

3. Customer portals

4. Procurement portals

The correct answer is: Supplier portals

The correct answer is supplier portals. These are specific online platforms designed to facilitate and streamline interactions between a single supplier and multiple buyers. They serve as a centralized hub where suppliers can showcase their products, manage sales processes, and provide critical information to buyers in an efficient manner. Supplier portals allow buyers to access product catalogs, pricing, inventory levels, and other relevant data directly from the supplier, which helps in making purchasing decisions. Additionally, these portals often automate the ordering process, enabling multiple buyers to place orders efficiently, track delivery statuses, and manage their purchasing activities in real-time. In contrast, reference portals typically serve as informational platforms that provide access to data and knowledge but do not directly engage in sales or ordering processes. Customer portals focus on interactions from the buyer's perspective, often providing a space for customers to manage their accounts or access support, rather than processing orders from a supplier. Procurement portals are related but are generally broader in scope, encompassing a range of suppliers and products rather than focusing on a single supplier's offerings.