Business to business exchanges - Essay Example


Extract of sample
Business to business exchanges

Business to business exchanges

B2B exchanges radically reduce buyer’s costs as well as allowing the sellers to reach out to new and existing customers. Buyers and sellers are henceforth interconnected by exchanges and these exchanges acts as a source and media for instantaneous information in an enterprise as well as to the consumers of goods and services.

Development of B2B exchanges main advantage is that there is a reduction of prices due to open market conditions. There is also a reduction in costs of transactions due to use of internet while conducting transactions. The growth of internet therefore, has led to development of B2B exchanges.
Third party or Neutral B2b Exchanges:

They are electronic market places that buyers and sellers do meet. Buyers get a lower price due to open bidding and sellers understands better the movements of the market. The buying firms are envisioned to provision from a variety of relational or transactional and domestic or global sources. Some of B2B exchanges are specific to industries and some of them, marketplaces for a variety of industries business. An example is Verticalnet which is repositioning itself to be a leading supply chain solution provider through the internet. Information provided through industry-specific exchanges included technical manuals to the industry, job placement and training information.
These exchanges were established by buying consortia. They provided buyers an advantage over sellers in that the buyers became the focal point in these buying networks. ...
Download paper


This paper explains the three types of B2B exchanges, the role internet to every type of exchange and also applies relationship to B2B exchanges. In order for buyer group exchanges to survive, there is need to ensure reduced government costs through maintaining privacy of the data to be disseminated and also screening the suppliers in the best way possible…
Author : ole24
Download 0

Related Essays

Strategy Report: Choose a business(*COCA COLA). This should be listed on the London (FTSE) or New York stock exchanges. (ii) Res
Following that the strategies on which the company will rely on is discussed for its future development. 1. Strategic analysis 1.1 Company outline The phenomenon of strategy is basically forward looking and it is also concerned with the ways in which the forms will be competing in the present scenario as well as how will it become in the future (Grant, 2010, p.26).On this foundation the strategy analysis of the Coca Cola Company will be executed. The company Coca Cola occupies an apex position within the global market of manufacturing. The company has been founded in the year 1919 and in...
14 pages (3514 words) Essay
The primary methodology of e-Business is to present high quality content on shared exchanges, integration of relevant content of business sites of the suppliers (example, SONY, SAMSUNG, LG, etc. product details documented at a high quality and presented through an exchange site where customers visit for products of a particular type, say monitors; the exchange site in turn is integrated with the databases of these companies), RSS Feeds, Search Engine Optimization and Customized Web marketing (like Google Adwords or Structured Mass Mailing). The infrastructure that needs to support the...
14 pages (3514 words) Essay
Is the Study of Past Military Leaders Valid for a Modern Military Professional?
The observation that the "most influential leaders in world history have come not from the church, the halls of governments, or the scholastic centers but from the ranks of soldiers and sailors" 1 is not an exaggeration. Wars do figure out in the modern world too, reinforcing the need and necessity for the modern military professionals to go back to the historical stories of success and failure, defeat and conquest of the past military captains, and learn either from their destruction or achievements. No doubt, warfare over the past 150 years have undergone a lot of changes: the nature of war...
4 pages (1004 words) Essay
Peony Pavilion
Peony Pavilion ...
6 pages (1506 words) Essay
Business strategy report proposal: Choose a business. This should be listed on the London (FTSE) or New York stock exchanges. Research current strategies using on-line or hard copy sources. Recommended info using Datamonitor
Additionally, the rise of many micro financial institutions is a threat to large banking institutions. Thus the need to come up with new strategies would mean low profits or even closure of the business. Barclays pioneered the first world ATM and has made several advancements in technology. Clients and customers in this bank benefit from services such as mobile banking, asset financing, brokerage, wealth management, foreign exchange, stocks and bonds trading among others. In the interim results, the company has recorded zero losses on acquisitions and disposals, as compared to £65m in 2011...
2 pages (502 words) Essay
Terrorism and Homeland Security Quiz
Terrorism and Homeland Security Quiz ...
4 pages (1004 words) Assignment
Choose a business. This should be listed on the London (FTSE) or New York stock exchanges. The chosen business should be facing competitive disadvantages and/or serious strategic issues. The company needs to have a clear like-for-like competitor set
In the last few years, the company has been faced with reduction in sales revenue due to the global phenomena of online retailing and financial reports from the company indicate that it has failed to be profitable for the past three years due to the intense competition from companies like eBay and Amazon. In fact, the company recorded losses of $140 million in 2012 and recorded their heaviest loss since its incorporation in 2013 of about $400 million. Commentators have pegged the steady decline of RadioShack on the declining top line which has been bombarded by very steep costs. The company...
12 pages (3012 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!