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Examples of this model are ExxonMobil Corporation, the Chevron Corporation, Boeing, and Archer-Daniels-Midland. These businesses have custom, enterprise ecommerce platforms that work directly with other businesses in a closed environment. [5] The advantages of B2B e-commerce include: [6]
B2B transactions can be processed online in various ways, of which Electronic Data Interchange (EDI) and B2B e-commerce is most often used. Although EDI and B2B e-commerce both have their own, distinctive features, they are frequently confused. [4] EDI is the electronic transfer of purchasing information between the buyer and seller.
According to the TechTarget website, the purpose of the terminology is to "extend the business-to-business model to include e-commerce for consumers". An aim of B2B2C is to "create a mutually beneficial relationship between suppliers of goods and services and online retailers". [8]
Electronic commerce or e-commerce is a term for any type of business, or commercial transaction, which includes the transfer of information across the Internet. It covers a range of different types of businesses, from buyer based retail sites, through sale or music sites, to business exchanges trading goods and services among companies.
Creating an innovative and efficient business model is vital towards success. Online auctions can be categorized into five main models: C2C, B2C, B2B, B2G, and G2P. C2C refers to customer to customer, B2C signifies business to customer, B2B refers to business to business, B2G signifies business to government, and G2P refers to government to public.
Some examples of B2B online marketplaces include VerticalNet, Commerce One, and Covisint, which were some of the earliest B2B marketplaces to emerge in the early days of e-commerce. More contemporary B2B marketplaces include EC21, Elance, and eBay Business, which focus on specific product or service categories and facilitate complex ...