CST - Quiz 2 (Procurement Process)

Explanation
The IMO ship identification number scheme, also known as the IMO number, is a measure implemented to enhance maritime safety, pollution prevention, and the prevention of maritime fraud. It involves assigning a unique seven-digit number to propelled, sea-going merchant ships with a gross tonnage (GT) of 100 and above upon keel laying. This scheme allows for the identification and tracking of ships, ensuring their compliance with safety and environmental regulations, and facilitating the prevention of fraudulent activities in the maritime industry.

Explanation
The given answer "Buyers, buyer" is correct because the list of entities mentioned (Ship Owners, Ship Managers, Ship Agents, Purchasers, Ship Yards) are all involved in the shipping industry, and the term "buyers" refers to individuals or companies who purchase goods or services. Therefore, it is logical to include "buyers" as part of the list. Additionally, "buyer" is mentioned separately, possibly indicating that it is a specific type of buyer within the shipping industry.

Explanation
The answer is "Integrated Buyers" or "Integrated Buyer". These are the users of ShipNet, BassNet, AMOS, NS5, and eSSM WebBuyer. The term "integrated" suggests that these buyers are part of an integrated system or platform that allows them to perform their purchasing activities. This integration likely provides them with a streamlined and efficient process for managing their procurement needs.

Explanation
The meaning of eSSM is Electronic Ship Supply Management. This term refers to the use of electronic systems and technology to manage and streamline the supply chain processes for ships. It involves the automation of various tasks such as inventory management, ordering, and delivery of supplies to ensure efficient and timely provision of goods and services to ships. By digitizing and automating these processes, eSSM helps in reducing manual errors, improving communication, and optimizing supply chain operations in the maritime industry.

Explanation
ShipServ offers a buyer product called StartSupplier service, which allows suppliers to quote online. This service is specifically designed for ShipServ's suppliers and enables them to easily provide quotes for the buyer's products. Additionally, StartSupplier is also mentioned as a possible correct answer, which could be another name or version of the same buyer product.

Explanation
When the list from the vessel is given to suppliers, it becomes an RFQ or Request for Quotation. This is a document that is sent to potential suppliers to request pricing information for specific products or services. The RFQ allows the vessel to gather quotes from different suppliers and compare them before making a purchasing decision.

Explanation
A purchase order (PO) is a written authorization given to a supplier, allowing them to ship products at a specified price. Once the supplier accepts the purchase order, it becomes a legally binding contract between the buyer and the supplier. The purchase order serves as a formal agreement that outlines the details of the transaction, including the products, quantities, prices, and delivery terms. It helps ensure that both parties are on the same page regarding the purchase and provides a legal framework for resolving any disputes that may arise.

Explanation
The correct answer is QOT, Quotation. A quotation is a formal statement or document that includes the bid and asked price for the sale or purchase of a commodity or security. It is a promise made by a potential supplier to supply the goods or services required by a buyer at specified prices and within a specified period. A quotation may also contain terms of sale and payment, as well as warranties.

Explanation
The SmartSupplier program enhances the order management capabilities for suppliers, enabling them to automate the process of fulfilling orders more efficiently. This suggests that the program provides additional features or tools that streamline the order fulfillment process, making it easier for suppliers to manage and fulfill customer orders.