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Business-to-Business (B2B) E-Business Technology - Assignment Example

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Managing Information
of electronic business is extensively used by business organisations for expanding their trading activities across both national and international boundaries. …
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"Business-to-Business (B2B) E-Business Technology"

Download file to see previous pages Business Corporations through the enhanced use of B2B E-Business Technology can work for alterations of their business processes in terms of effective sales and order management. Further the supply chain management activities of business corporations also counter sea changes owing to the introduction of the business-to-business electronic business technology. This helps the business corporations to enhance their effectiveness while serving the needs of the customers. Moreover through the enhanced use of the said technology the business corporations can help the customers gain better insights about the product and service portfolio. This helps the business houses to better penetrate an expanded market base both existing and new and thereby augment on its sales and revenue parameters. Thus the advent of internet technology in the business sphere acts as a boon by generating sophistication to the different activities performed (Boone & Kurtz, 2010). Understanding of Business-to-Business (B2B) E-Business Technology The Business-to-Business E-Business Technology concept emerged owing to the growing use of internet technology in the business sphere. With the enhanced use of internet technology the business corporations can effectively interact with each other both in an intrinsic and extrinsic manner. Intrinsically the business corporations can better relate the head office functions with the several branches spread along different regions and also to the warehouses. The business corporations with the use of internet medium can modify the business functions related to purchases and sales in a much faster and efficient fashion. Business-to-Business technological interface helps the business corporations gain a huge number of advantages which can be enumerated as follows. Management of the inventory and sales functions is better managed by the business houses through the expanded use of internet technology. The business corporations through the use of the internet medium can effectively track changes in the external market and thereby modify the products and services rendered. Through enhanced satisfaction of consumer demand the business houses can generate more amount of profit and also augment on the market share. Moreover with the enhanced use of internet technology in the business medium the business corporations can effectively minimize the cost of business operations thereby enhancing on the productivity aspects. Different companies pertaining to manufacturing and other information technology companies have gained largely owing to the expanded use of internet technology in the business to business sphere (Haag, 2005,p.139-410). An enhanced understanding of the Business-To-Business Electronic Commerce technology shows that the above technology can be used in different forms by the business corporations while performing business activities. Supply chain activities of the company can be effectively enhanced through the use of internet which coordinates the functions of the different vendor and supplier groups spread along dif ...Download file to see next pagesRead More
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