MGMT 3265 Chapter Notes - Chapter 10: Electronic Data Interchange, E-Commerce, Mobile Commerce
4 Sep 2016
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Involves sales of goods and services among businesses. Promise: lower consumer costs, economic wealth expansion, increased productivity. Challenge: changing existing patterns and systems of procurement and designing and implementing new internet-based b2b solutions. The direct computer-to-computer exchange between two organizations of standard business transactions, such as orders, shipment instructions, or payments. Involves not only purchasing goods and materials but also sourcing, negotiating with suppliers, paying for goods, and making delivery arrangements. Typically consist of a large firm using an extranet to link to its suppliers and other key business partners a. k. a. private exchange. Provide a single, digital marketplace based on internet technology for many different buyers and sellers. Industry-owned or operate as independent intermediaries between buyers and sellers. Generate revenue and from purchase and sale transactions and other services provided to clients. Participants can establish prices through online negotiations, auctions, or requests for quotations, or use fixed prices. All other goods not directly involved in the production process.
