Monday, January 19, 2009

the role of internet technologies on B2B e-commerce

E-commerce is known as the most important facet of internet technologies nowadays. B2B e- commerce (Business to Business) which is one of business models in varying business over the internet. B2B e- commerce is the exchange of products and services between businesses rather than between business and consumers. Its competitive advantage not only in local and international market are recognized in the recent time and is believed to increased more rapidly in the next several years. More and more businesses are turned into B2B e- commerce especially there business is associated in World Wide Web. Buying and selling of goods are done through digital communication which offers a lot of benefits for business organization over a traditional way of making transaction. In the past, to succeed in the business and got a place in the marketplace depends on each strategy in running the business. Once you’ve got the best strategy definitely you’ve gain more profit over other business. To have the best strategy, you need to have a lot of minds to think and compare with to come up with the optimum strategy suited for the company to gain more profit over the other. However, these become successful for big companies who got a lot of employees and have some group which specializes in finding for the best business strategy. This job before requires someone to research and study the current trend in the market, have to go to other places just like the traditional ways of gathering information. This will take time and cost that mostly big scale businesses can afford. That’s the reason why, only multinational companies and the like dominate in the market. How about the medium especially small scale businesses? They were not given the enough chance to excel in the market. It will take long time for them to gain little progress on their business, as well as its hard for them to be informed with the latest business strategy the suit for the current business trend since information was not made available for everyone.

With e- commerce discrimination issues large, medium, small scale businesses have been eliminated. Internet technologies offer a chance to each business organization to excel in the market. Information has been made available in the internet. The company can search for the best strategy in running a business in different scope, as well as provide them information with an update on current business trend and how to put their business inline. It enables them to make their business compete both in local and international market.

In this technological age, internet has been a necessity in almost all fields. Its contribution in e- business and e- commerce opens an opportunity to a faster, accurate and efficient customer service with a less consumed time and cost. With internet technologies offer a direct communication link for customer and supplier, thus eliminate intermediary people which the main cause of high cost and delay. From that, lower cost on purchasing and selling products are achieved as well as offers satisfaction to both customer and supplier in terms of time spent from business transaction to delivery. Direct transaction definitely reduces time and cost spent, thus leads to more profit for the organization.
The internet offers a wider range of marketplace. Companies are able to compete both in local and international market without considering so much its size. Putting your business in World Wide Web, you’re making it available around the world and you’re doing business in different nationalities. E- commerce allows people to carry out business without the barriers of time and distance. Anyone can log on to the internet at any point of time. With e- commerce it makes your business available anytime, either day or night. As e-commerce system also made available with do automation in almost all business process the company does. You can directly purchase and sell products and services at a single click of the mouse via organization website with accuracy and speed. It is made possible to negotiate and deal business virtually anytime even without human supervision. E-commerce is known as the most important facet of internet technologies nowadays. B2B e- commerce (Business to Business) which is one of business models in varying business over the internet. B2B e- commerce is the exchange of products and services between businesses rather than between business and consumers. Its competitive advantage not only in local and international market are recognized in the recent time and is believed to increased more rapidly in the next several years. More and more businesses are turned into B2B e- commerce especially there business is associated in World Wide Web. Buying and selling of goods are done through digital communication which offers a lot of benefits for business organization over a traditional way of making transaction. In the past, to succeed in the business and got a place in the marketplace depends on each strategy in running the business. Once you’ve got the best strategy definitely you’ve gain more profit over other business. To have the best strategy, you need to have a lot of minds to think and compare with to come up with the optimum strategy suited for the company to gain more profit over the other. However, these become successful for big companies who got a lot of employees and have some group which specializes in finding for the best business strategy. This job before requires someone to research and study the current trend in the market, have to go to other places just like the traditional ways of gathering information. This will take time and cost that mostly big scale businesses can afford. That’s the reason why, only multinational companies and the like dominate in the market. How about the medium especially small scale businesses? They were not given the enough chance to excel in the market. It will take long time for them to gain little progress on their business, as well as its hard for them to be informed with the latest business strategy the suit for the current business trend since information was not made available for everyone.

With e- commerce discrimination issues large, medium, small scale businesses have been eliminated. Internet technologies offer a chance to each business organization to excel in the market. Information has been made available in the internet. The company can search for the best strategy in running a business in different scope, as well as provide them information with an update on current business trend and how to put their business inline. It enables them to make their business compete both in local and international market.

In this technological age, internet has been a necessity in almost all fields. Its contribution in e- business and e- commerce opens an opportunity to a faster, accurate and efficient customer service with a less consumed time and cost. With internet technologies offer a direct communication link for customer and supplier, thus eliminate intermediary people which the main cause of high cost and delay. From that, lower cost on purchasing and selling products are achieved as well as offers satisfaction to both customer and supplier in terms of time spent from business transaction to delivery. Direct transaction definitely reduces time and cost spent, thus leads to more profit for the organization.
The internet offers a wider range of marketplace. Companies are able to compete both in local and international market without considering so much its size. Putting your business in World Wide Web, you’re making it available around the world and you’re doing business in different nationalities. E- commerce allows people to carry out business without the barriers of time and distance. Anyone can log on to the internet at any point of time. With e- commerce it makes your business available anytime, either day or night. As e-commerce system also made available with do automation in almost all business process the company does. You can directly purchase and sell products and services at a single click of the mouse via organization website with accuracy and speed. It is made possible to negotiate and deal business virtually anytime even without human supervision. Furthermore the direct cost of sale for an order taken form an organizational website is lower than through traditional means (retail, paper based), as there is no human interaction during the online electronic purchase order process. Also electronic selling virtually eliminates processing errors as well as being faster and convenient for the visitors.

E- commerce centralizes business process that leads to faster, accurate and up to date data processing. For instance, once the companies cater order from customer via organizations website, the order taken out will be automatically recorded: update inventory with the latest available stocks, create invoice then manage payments. This process will only take a very short period of time as compare to traditional way of business process. Then delivery of orders is taken right afterwards. The strategic benefits of making the business e- commerce enabled is that it helps reduce the delivery time, labor cost and cost incurred most in the common areas: document preparation, error detection, mail preparation, telephone calling, data entry, overtime, supervision expenses. These tasks are included for the task to automatically perform by the e- commerce system.

Converting business into e- business also provides operational benefits, as mentioned human interaction is no longer that necessary. E- commerce include reducing both time and personnel required to complete business processes, and reducing strain on other resources.

With the continuous progress and development of internet technologies, it also offers progress and development in all the fields associated with it, including e- commerce. With that, e-commerce technology will not only become faster and smarter, but could completely transform the way companies’ processes in terns of handling internal information and customer service.

In B2B e- commerce, one promising concept is the “collaborative commerce”, in which companies set up hubs that can be used not only by their customers but can interact also with other companies site. This innovation was found out to change the way companies do business with one another. With these portals, companies that regularly do business with one another will be able to access real time information about product availability and pricing. Companies will be able to send invoices and pay liabilities.

In e- commerce, the internet serves as the primary medium to handle almost all of business transactions. It provides low cost advertising and fastest way of doing business open to all size of businesses.

references:
http://en.wikipedia.org/wiki/Technology_and_society
http://scholar.lib.vt.edu/ejournals/SPT/v3_n4/pdf/HICKMAN.PDF
http://www.cw.com.hk/article.php?id_article=2110
http://www.dole.gov.ph/news/details.asp?id=N000000764
http://www.cw.com.hk/article.php?id_article=2110
http://members.ozemail.com.au/~macinnis@ozemail.com.au/scifun/splatstech.htm#social
http://www.loka.org/idt/SocialEffects.htm

8 comments:

Anonymous said...

Since e-commerce started being a trend in 1996, all businesses had something new to worry about i.e. the Internet. This also led to the rise of ecommerce development company which together reduced the world to one single market. http://www.infyecommercesolution.com/

Anonymous said...

Won't you wonder if somebody says he doesn't know what is a software company ? Am sure you will fall off from your chair. But believe me it is true. There still are people in third world countries who don’t know anything about software development, web application development or internet. So those who are not really aware about these buzzing things, try to find out what is a tech-world of Internet.

Ecommerce website developer said...

Ecommerce is the latest trend and mostly B2B ecommerce is best one for internet business and it can increase the business revenue

Anonymous said...

A very wonderful write-up. Keep it up!

Max said...

E-commerce definitely changed the perception of buying and trading. I think it stems on the need of many buyers to go online to look for something they need and want. And with these changes, it is a must for businesses to go with the changing tides and models. Many web design companies can help them achieve this goal.

Unknown said...

Hi this is such a nice blog and hope u will provide more detail Ecommerce web design company

Unknown said...

Its good to know that B2B commerce existed back in 2009.

Barry Hughes said...

This insightful blog brilliantly dissects the pivotal role of internet technologies in shaping the landscape of B2B e-commerce. As businesses increasingly embrace digital transformation, understanding the dynamic synergy between internet technologies and B2B e-commerce becomes paramount. This read is a valuable resource for professionals navigating the intricate web of online business transactions. A must-read to stay abreast of the transformative power of technology in driving B2B e-commerce success.