Well to get into whole topic lets understand what is B2B and e-commerce separately. You might have heard these words like manufacturer, wholesale and retailers. These are the important part of any business. Actually this is a complete chain in which goods moves from manufactures to customer. Now the question arises where this B2B occur when goods move from manufacturer to wholesaler then this transaction is called B2B because both the parties are engaging with business. Similar case is with wholesaler to retailer. But if retailer sells it to consumer then it is not a B2B because consumer is not engaged in any kind of business. So we can define B2B as a transaction between businesses. Retailer to consumer transaction is known as B2C.This is the whole concept of B2B.
Now we have another word to understand e-commerce. E stands for electronic and commerce means business in simple word. That means business through some electronic medium. Everybody knows about internet and its uses and many people have also done online shopping that means to purchase through internet. In this case if you purchase through then it is called B2C E-commerce. Online ticketing, online reservation, any kind of online shopping is B2B. And if both the parties are engaged in business then it is called as B2B E-commerce. If manufacturer and wholesaler are engaged through internet for their business transaction then it is a B2B E-commerce.
Now to understand this concept of B2B online business lets understand E-marketplace. For that Lets take an example of “mall”. You might have seen and have been done shopping there. Have you ever think the concept of mall. Before the concept of mall there were shops, showrooms etc but there was not a unique place where everything would be available and we could save our time in searching our requirement. But after this mall concept we just move inside the mall and can purchase everything we want. In the mall, we have so many options, quality etc. and it saves our lots of time. You can say this is a platform where buyers and sellers meet and transaction happened.
Now think if the same thing done online then what it would be called. Let’s make it more clear .Today there are many online Platform like Magento, Spree Commerce, OsCommerce where manufacturer, suppliers are wholesalers are registered and will listed in directory then they can find each other very easily and increase their business. This is time saving, money saving, having more option etc. This platform is called as online marketplace. And this is called B2B e-commerce.
There are so many benefits of B2B e-commerce for both the Consumer and Retailer like:
1. Time saving
2. Money saving
3. Availability of internet
4. Options are there to business with
5) Overseas scope
Now we have another word to understand e-commerce. E stands for electronic and commerce means business in simple word. That means business through some electronic medium. Everybody knows about internet and its uses and many people have also done online shopping that means to purchase through internet. In this case if you purchase through then it is called B2C E-commerce. Online ticketing, online reservation, any kind of online shopping is B2B. And if both the parties are engaged in business then it is called as B2B E-commerce. If manufacturer and wholesaler are engaged through internet for their business transaction then it is a B2B E-commerce.
Now to understand this concept of B2B online business lets understand E-marketplace. For that Lets take an example of “mall”. You might have seen and have been done shopping there. Have you ever think the concept of mall. Before the concept of mall there were shops, showrooms etc but there was not a unique place where everything would be available and we could save our time in searching our requirement. But after this mall concept we just move inside the mall and can purchase everything we want. In the mall, we have so many options, quality etc. and it saves our lots of time. You can say this is a platform where buyers and sellers meet and transaction happened.
Now think if the same thing done online then what it would be called. Let’s make it more clear .Today there are many online Platform like Magento, Spree Commerce, OsCommerce where manufacturer, suppliers are wholesalers are registered and will listed in directory then they can find each other very easily and increase their business. This is time saving, money saving, having more option etc. This platform is called as online marketplace. And this is called B2B e-commerce.
There are so many benefits of B2B e-commerce for both the Consumer and Retailer like:
1. Time saving
2. Money saving
3. Availability of internet
4. Options are there to business with
5) Overseas scope
