Subjects:
However, the Internet has provided a means, compared to EDI (Electronic Data Interchange), in making transactions flawless, easier and more profitable.
"The Internet and the World Wide Web provide significant opportunities to make business-to-business more effective and efficient. The impact ranges from cutting the cost of paper and mailing, to shortening the time-to-market of products due to better supply-chain management"
Segev has provided the most appropriate explanation of just what the Internet is doing to business-to-business commerce.
The Cisco Systems Inc. website is a prime example of what can happen when the barriers of information, product and services are eliminated. [1]
Before the website the order and delivery system seemed almost primitive.
(2) 1 in 3 were rejected due to errors,
. . .
However Cisco had to spend $15m in 1 year on enhancements, maintenance and up-keep of the site.
The Internet has allowed for the provision of information on (and the ability to purchase) products from many companies.
(1) maximum order-to-delivery is 3 days,
(2) impossible to enter mistakes on order,
(3) a delivery date can be provided by 1 hour of the submittal,
(4) orders, payments and reconciliation of returns against invoices can be tracked. [6]
On the business-to-business commerce: Selling of products (e. The increase in absence of the more traditional slow paper ordering system has reaped benefits for everyone involved. Their savings have amounted to $230m a year. Their most significant to date was that of intelligo. They accounted for only a small fraction of the Internet Commerce [which amounted to $433billion worldwide] in 2000 and are not representative of all B2B Internet commerce, which grew substantially in 2000".
The problem as arisen due to companies rushing to start e-marketplaces without any clear strategy.
Following the lead of companies such as Cisco and Dell may not be feasible for some companies. [7]
These marketplaces vary, from selling business products and services; e. [4]
With,
"E-marketplaces handling as much as half of this commerce". com, [3]
"E-marketplaces bring together suppliers pre-approved by each buyers' purchasing department, ensuring employees don't but the wrong item and trimming the cost and time it takes to process orders". [5]
Its purpose was to increase efficiency during procurement and sales of goods.
Essay's Topics
All research is for reference purposes only.