B2B
Both sellers and buyers are business organizations
Involves complex procurement, manufacturing, mean collaboration, payment terms & performance agreements
What is B2B?
B2B is business-to- business commerce conducted everywhere the Internet (called B2B e-commerce space, or e-marketplaces)
E-Market is รข¦
Web-based marketplace
e-market is Web sites where buyers and sellers come together to communicate, counterchange ideas, advertise, bid in auctions, conduct transactions and fulfillment
Marketplace
B2B electronic marketplaces (B2Bs): Systems of suppliers, distributors, customers and base of operations and service providers that use the Internet for communications and transactions.
Factors Driving B2B
straight offs customer has become more cost witting and value conscious and demands quality products in a well timed(p) manner
Maturation of information technology and networks makes it possible to design a supply chain to meet customer demand
The global dimension, involving distance, costs, time, variety, and uncertainty, makes it about mandatory that the long supply chains be managed efficiently around the clock
B2B ENTITIES
Purchasing Company
contract on procurement in terms of reduced purchase prices and cycle time
Selling Company
reduce on marketing & sales
Intermediating Service Provider
Focus on ensuring frame fulfillment
JIT Deliverer
Focus on just-in-time delivery
Web-based Platform
Focus on Internet, intranet, & extranet
6. Tools of B2B
Focus on Electronic Data Interchange and software agents
Back-End Technical Support
Focus on Enterprise Resource Planning
Key B2B Entities
SUPPLY CHAIN
movement of moving goods from customer order through the raw materials, supply, production, and the scattering of products to the customer
Benefits
Reduced inventory, higher sales, improved ability to customize products for several(predicate) business buyers, and reduced production cost
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