ADMS 3521 Chapter Notes - Chapter 12: Electronic Data Interchange, Horizontal Market, Management System
6 May 2015
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Document Summary
Define b2b commerce and understand its scope and history. Before the internet, business-to-business transactions were referred to simply as trade or the procurement process. The process of conducting trade among businesses consumes many business resources, including the time spent by employees processing orders, making and approving purchasing decisions, searching for products, and arranging for their purchase, shipment, receipt, and payment. Across the economy, this amounts to trillions of dollars spent annually on procurement processes. , developed in the late 1970s, is a communications. In order to understand the history of b2b commerce, you must understand several key stages including: automated order entry systems, developed in the 1970s, used the telephone to send digital orders to companies. Telephone modems were placed in the offices of the customers for a particular business. It was developed to reduce the costs, delays, and errors inherent in the manual exchange of documents: electronic storefronts emerged in the 1990s along with the commercialization of the internet.
