ITM 330 Chapter 8: ITM330 Chapter 8 Notes.docx

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 330
• Professor: Peter Pille

Document Summary

Most businesses today conduct part of their business operations through electronic commerce (e- commerce) Most of the business grown on the internet has been in the area of business-to-business (b2b) e- commerce rather than retail business-to-consumer (b2c) e-commerce. This is defined as buying and selling between two companies over the internet. These companies may be manufacturers, suppliers, wholesalers, or retailers. Internet-based procurement: companies are moving from edi to internet-based procurement. Internet-based procurement is the use of internet technologies for buying raw materials for manufacturing, or purchase of finished goods for resale activities. Less expensive than edi: an electronic marketplace is a gathering place for buyers and sellers on the internet. Marketplaces without an operator are just websites directing buyers to certain products. A marketing place with an operator facilitate the buying and selling of goods. Internet auctions and reverse auctions: reverse auctions feature one buyers and many sellers.