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E-COMMERCE - DEFINATION
Electronic commerce is a set of technologies, applications, and
business processes that link business, consumers, and communities. For buying, selling, and delivering products and services For integrating and optimizing processes within and between businesses. Technology- mediated exchanges between parties, individuals, or organizations as well as the electronically based intra or inter organizational activities that facilitate such exchanges.
B2B E-COMMERCE
B2B stands for "business-to-business," as in businesses doing
business with other businesses. The term is most commonly used in connection with e-commerce and advertising, when you are targeting businesses as opposed to consumers. Business-to-business electronic commerce (B2B) typically takes the form of automated processes between trading partners and is performed in much higher volumes than business-toconsumer (B2C) applications. B2B electronic marketplaces (B2Bs): Systems of suppliers, distributors, customers and infrastructure and service providers that use the Internet for communications and transactions. Companies buying from and selling to each other online. While B2B exists both online and offline.
TASKS IN B2B
Search Source Specify
Suppliers
Production materials Operating goods, services
Enterprise
Customers
B2B EXCHANGE
A website where many companies can buy and sell to each
other using a common technology platform. Many exchanges also offer additional services such as payment or logistics to help members complete a transaction Exchanges can be public or private Public owned by industry organization or independent investors and have their own board of directors Private run by a single company for doing business exclusively with established suppliers and customers
Reduced procurement
cost Reduced inventory cost More choice and better pricing Efficient logistics
marketing cost
Reaching new customer
B2B TRANSPARENCY
At the core of B2B e-commerce is the concept of
transparency 4 basic dimensions: Price transparency Availability transparency Supplier transparency Product/service transparency Lack of transparency accounts for a lot of the inefficiencies in industrial markets; more transparency also means greater efficiencies
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