|
What is B2B?
You can define B2B, Business that sells
products or provides service=s to other
businesses. Business-to-business activity
exists both online and offline.
General Use of B2B
The term is generally used to refer
to business-to-business commerce on
the Internet, but can be applied to
offline relationships between two or
more businesses as well.
What is Business-to-Business
E-Commerce?
B2B commerce can be
defined as "doing business electronically"
or business that is conducted over the
Internet. The business-to-business kind
of e-commerce refers to a company selling
or buying from other companies. The
company communicates with the other
companies by electronic means.
This is actually not new, as many businesses
have already been doing it since the
80’s by means of Electronic Data
Interchange (EDI).
Many organizations have been using EDI
to conduct business transactions electronically.
EDI is a method of extending the organization's
computing power beyond its boundaries.
What is the difference between
B2B and EDI?
A quick comparison
of B2B and EDI is in order before delving
further into B2B Just like B2B. EDI
allowed electronic communication between
businesses. There are two major differences,
however:
1.
B2B is real-time while EDI is batch.
2. B2B (using XML)
allows any business to communicate with
any other business. EDI was dedicated
point to point (which means that if
a business wanted to use EDI to communicate
with a new business partner it was a
big hassle),
Describe the B2B Technology
Business –to-business
will allow invoices, purchase orders,
product definitions, price lists, and
billing information to be transferred
directly between manufacturer and dealer.
In its completion, B2B will consist
of 4 main business transactions: Price
List Download, Vendor Invoicing, Shipment
Manifest, and Electronic Ordering.
What are the benefits of B2B
Exchanges?
We can simply describe
that B2B exchanges are online marketplaces
for businesses to buy and sell well
and services from other businesses.
Automated business-to-business transactions
are not an entirely new concept. Large
organizations have been using automated
systems for a number of years, and some
have been programmed to exchange business
transactions with other automated systems
as far back as the early nineties.
There are three categories
of B2B exchanges
1.
Private marketplaces are run by a single
company and its key suppliers, such
those sponsored by Wal-Mart and Dell.
2. Public exchanges
such as Commerce One are run by a third
party, and are open to all companies
that meet the standards defined by the
exchange.
3. Consortia are typically
formed by a group of leading vendors
in a particular industry, like Global
Food Exchange.
There are three types of B2B
markets
1. MRO
2. Yield manager
3. Exchange
These are the most common advantages
of B2B
1. In B2B you can
make online membership. Join thousands
of businesses in your region that are
taking advantage of B2B Advantage Online.
2. Enjoy unlimited
access to the Web from over 4,000 points
of presence nationwide as well as membership
in a legal plan designed specifically
for small business.
3. Your membership
contains valuable benefits including
unlimited Internet access, an Internet
directory listing, a customized website,
web-based email with 6 individual accounts,
as well as discounted legal services
and free tax preparation
4. With B2B’s
Tax Service, you receive unlimited federal
tax advice via toll-free phone call,
fax, or email.
5. In B2B you build
your own business web site free in a
few minutes. You can add your business
hours, key words, and marketing information.
In this article we discussed that what
are the uses and benefits of B2B? Introduction
of B2B. Some advantages of B2B, types
of B2B markets and B2B e-commerce is
also mentioned in this article.
|