E- Business Differences
E-Business implies revolution of the vital business processes via the usage of Internet technologies. The Internet is transforming every facet our daily lives and is hard to find any other area which is going through as fast and remarkable change, as the manner in which businesses function. When businesses espouse Internet technologies into their main processes, they begin to reap real business value. Companies irrespective of their size are utilizing the benefits of the Internet to establish communication with their partners besides connecting with their back-end data systems and transacting commerce. (Business to Consumer E-Commerce) Points of difference in the Supply Chain of B2B website and B2C website: The most important difference between B2B and B2C lies in the role of the B2B website in Internet terms. B2B websites is concerned mainly with Supply Chain Management -- SCM. SCMs constitute web portals that facilitate businesses to enter business transactions directly with their suppliers and distributors in an online manner thereby permitting electronic transfer of orders, preparation of invoices and also payments. Wholesalers, distributors and manufacturers come under this group. On the other hand, B2C
Through the use of the eHub information flow is facilitated to everybody concerned in the supply chain thereby facilitating them to react in a timely and efficient fashion. Therefore the eHub primarily matches the supply chain collaboration as it is accessible to several different parties. All the constituents contribute their share of information to build a collection of dynamic information inside the critical area of the eHub. As all the trading partners are able to use the information, it caters to multiple functions. It supplies not just the present view o the order but also supplies visibility into other related parts of fulfilling that order, like production capacity, availability of inventory and logistics and fulfillment status. (Business-to-consumer E-Commerce: The eHub Concept) In order to completely exploit the capability of B2B, companies are required to concentrate in terms of eHubs that are web enabled platforms that permit trading partners to locate exchange and share information connected to buying and selling activities. A number of transactions regardless of them being inbound or outbound needed in customer order fulfillment are carried out in an automated fashion. A definition of eHub given by Kevin McKelvie and Mark Simmonds state eHub as a "set of technologies that give end to end Supply Chain integration and collaboration, sharing of information, visibility into a wide array of activities connected with demand planning, direct procurement and execution of order". (Business-to-consumer E-Commerce: The eHub Concept) In this act, the eHub makes an optimum use of the supply chain itself and all its participants. It gives a full transparency at every stages of execution of a transaction. Implementation of the incoming transaction of the customer present in the "far up' in the channel to contract manufacturing inside the supply chain is automated. In doing this, the inventory is optimized. (Business-to-consumer E-Commerce: The eHub Concept) One more angle to B2B initiative in the Supply Chain Management -- SCM space is the rise of the B2B Trading Community Evolution. The surfacing and popularity of the Internet trading communities have been exciting. Although it is still in its infancy, there is more to it in the coming years. Majority of the trading communities presently are supporting the two fundamental works of e-commerce that are Dynamic Product Catalogues and Order Processing that are Buy/Sell and related deals. It is envisioned that the final capability and the ultimate evolutionary results of the trading community explosion locates a net of five leading functions that the entire trading community will present in t
Some common words found in the essay are:
Business-to-consumer E-Commerce, E-Commerce B2C, SCM SCMs, B2C B2C, Introduction E-Business, Chain Management, Services B2C, Internet Commerce, Community Revolution, Processing Buy/Sell, supply chain, business-to-consumer e-commerce, trading community, b2b b2c, chain management --, ehub concept, -- scm, online stores, chain management, management -- scm, b2c e-commerce, supply chain management, e-commerce ehub, business-to-consumer e-commerce ehub, e-commerce ehub concept,
Approximate Word count = 1794
Approximate Pages = 7 (250 words per page double spaced)
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