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Advantages of B2B

This is a discussion on Advantages of B2B within the General Business forums, part of the Business category; Hello Friends * Its is cost reduction technique for the company so as to overcome mediator * With advancement in ...

  1. #1
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    Default Advantages of B2B

    Hello Friends

    * Its is cost reduction technique for the company so as to overcome mediator
    * With advancement in technology B2B can be done with the help of Electronic commerce.
    * With the help of online auction the buyer of industrial goods can get the product at a cheap deal, as there are many competitors in an online auction.
    * With E-Com electronic funds transfer-using EDI can be done between to organizations.
    * B2B helps in lowering the cost for selling and marketing.
    * It also shortens the selling cycle.
    * The most important advantage of B2B is to have JIT just in time delivery, the company can have the track of good as to which place it has reached with the help of electronic commerce.

    Thanks for reading

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    Default Re: Advantages of B2B

    [FONT=Arial, Helvetica, sans-serif][SIZE=2]Transactions conducted through the internet between one business to another is called Business 2 Business. This type of business is carried out only through the internet. This business covers all types of organizations, right from auctioneers to business solution providers. This also includes business-business shopping and sales as well as provision of various services. With the advancement of technology with each and everyday, business transactions are carried out more easily and effectively as well as in a faster and efficient way. [/SIZE][/FONT]

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    Default Re: Advantages of B2B

    1)Lower distribution costs
    2)Quicker reaction to customer inquiries
    3)Reduced capital commitment and less overproduction
    4)Error elimination throughout the ordering and production process
    5)Quality improvements in customer-service
    6)Worldwide access to up-to-date product information

    Thanks

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    Default Re: Advantages of B2B

    Electronic Marketing

    B2B platform can be used to sell the company’s product and services to business customers on the Internet. This model can be called seller oriented marketing because customers visit the web site that the supplier has prepared. Certain group’s items, such as industrial equipment are purchased only by businesses.

    Procurement Management

    From the purchasing company’s point of view, B2B is a medium of facilitating procurement management such as reduced prices and reduced cycle time. To implement B2B from the procurement management point of view the buyer-oriented market place can be used where the buyer announces the RFQ to the potential suppliers for competitive purchasing. To the suppliers, participating to the customers oriented marketplace and winning the bid is the major concern.

    Electronic intermediaries

    Individual consumers and business purchases a group of items such as books, stationery and personal computers, in such cases the consumers and business buyers can share the intermediary. Certain items such as industrial equipments and parts are purchases only by business. Since the purchasing party is a business who has to deal with many suppliers and intermediaries, an integrated and tailored buyer’s directory linked suppliers and intermediaries is needed.

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    Default Re: Advantages of B2B

    B2B is the short form that is used for Business to Business. Most of the electronic commerce today is of this type. It includes the Inter Organizational System (IOS) transactions and electronic market transactions between organizations. B2B implies that both the seller and the buyers are business corporations; while business-to-business electronic commerce implies that the buyers are individual consumers. Business to business EC covers a broad spectrum of application that enables an enterprise or business to form electronic relationship with their distributors, resellers, suppliers and other partners.

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    Default Re: Advantages of B2B

    Quote Originally Posted by justin24 View Post
    B2B is the short form that is used for Business to Business. Most of the electronic commerce today is of this type. It includes the Inter Organizational System (IOS) transactions and electronic market transactions between organizations. B2B implies that both the seller and the buyers are business corporations; while business-to-business electronic commerce implies that the buyers are individual consumers. Business to business EC covers a broad spectrum of application that enables an enterprise or business to form electronic relationship with their distributors, resellers, suppliers and other partners.
    Really good explanation,make this question clear now~!;)Good job!

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    Default Re: Advantages of B2B

    Business-to-business, as in intra-organisational communication, collaboration, and commerce - normally electronic, normally using websites and/or web services.
    1. Oil and gas are ‘the key industries’. It means that ‘export trade’ model of the operating business in Russia can be termed B2B Energo as a deal-winner. The majority of exploration, transporting and others machineries come from the West.
    2. Technology and ‘know-how’ transfer with the significant potential are named as the most attractive. This transfer into the non-energy sectors is vital. The CIS are needed serious foreign trade partners in order to become strong industrialized nations. It lags in several key technologies sectors because of historical reasons.
    3. An exchange of experiences started playing a prominent role in the business collaboration between the CIS and industrial Western countries. This experience comprises providing different services like consulting, which based on the up-to-date information, marketing, research and development (R&D), training courses, IT-services and many others. Western business takes the opportunity to assess their knowledge, technology, material and finance dealing with the CIS, notably with Russia.

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    Default Re: Advantages of B2B

    Hi

    * When new products/services become available, they can be readily updated online (on a day-to-day basis if necessary). Consequently, the ‘catalogue’ is never out-of-date. If the catalogue were in printed form, it would probably be issued monthly and constantly lag behind, as there is no way it could be updated continually. Another plus-point is that it is far simpler to locate the product you require when using an online system, due to sophisticated search-engines that are available that will enable you to find what you are looking for at the push of a button.

    * The end-users have complete control of the process. If a business such as Tesco were limited in the times they were able to place an order, the business would not be very efficient. Some goods would be out of stock for longer than was acceptable and the consumer might switch loyalties to another supermarket where products were constantly available.

    Thanks

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    Default Re: Advantages of B2B

    1.Companies producing complex goods are likely spend a lot of time and money responding to customer inquiries. Expert knowledge and internal inquiries across different departments may be necessary simply to get a quote.

    2.By using a configurator, the time needed to calculate an offer can be reduced from days and weeks to a few hours. This enables a rapid reaction to customer inquiries and allows external sales representatives to deliver on location

    3.Since production will ideally be geared to actual demand rather than to keeping the warehouse filled, the capital commitment and high costs associated with stock-keeping can effectively be reduced. In addition, no more sales or special reductions are required for selling-off surplus production.

    4.A configurator allows customers' wishes to be examined and tested for their feasability at an early stage in the sales process. After an order is placed, material lists, work plans and most project documents can be generated automatically, with minimal scope for error.

    5.Configurators help improve the quality of the sales process, with all related aspects such as price, delivery time and technical feasability being avaliable at the click of a button. Technical sketches, images or 3D-visualizations vividly demonstrate a given product configuration and contribute to enhancing the quality of customer service.

    6.A configurator ensures that sales staff and distribution partners worldwide always have the most up-to-date product information available.

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    Default Re: Advantages of B2B

    B2B is the abbreviate anatomy that is acclimated for Business to Business. Most of the cyberbanking business today is of this type. It includes the Inter Organizational System (IOS) affairs and cyberbanking bazaar affairs amid organizations. B2B implies that both the agent and the buyers are business corporations; while business-to-business cyberbanking business implies that the buyers are alone consumers. Business to business EC covers a ample spectrum of appliance that enables an action or business to anatomy cyberbanking accord with their distributors, resellers, suppliers and added partners.

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    Default Re: Advantages of B2B

    Hi

    [COLOR=#484848]Non-stop marketing.[/COLOR][COLOR=#484848] With business to business marketplace the potential customers can find out all necessary information about you and your products even if your office is closed. This benefit is important if you are going to cooperate with overseas colleagues and customers. As an example, time difference between Berlin and Moscow is equal to +2 hours; Frankfurt – Shanghai +6. Business to business electronic marketplace is available 24/7.[/COLOR]
    [COLOR=#484848]
    Immediate.[/COLOR]
    [COLOR=#484848] Time is crucial in business. Sometimes even some minutes can help or prevent. According to this key factor, placing on b2b marketplace has the advantage of being much quicker to set up and put into play than other marketing methods. The response mechanisms are quick that means you can start to see the results (quite literally) immediately. Furthermore, “immediate” means the shorter lead times. You can react to events much more quickly, to change marketing direction, for example. [/COLOR]
    [COLOR=#484848]
    Highly targeted place.[/COLOR]
    [COLOR=#484848] Business to business trade platforms is diversified customized content. Its visitors are the people who are most likely to be interested in your offer, who want to know more about your company and about conditions of delivery and purchases. As a result of placing on b2b marketplace, your product or service may attract highly targeted customers to corporate website. [/COLOR]
    [COLOR=#484848]
    Customer trust.[/COLOR]
    [COLOR=#484848] Placing on a portal, such as multinational diversified electronic marketplace, also helps to create customer “respect level”. It creates a reality that your company exists, working successfully and therefore brings them closer to a level of trust in you and your business.[/COLOR]
    [COLOR=#484848]
    Lower cost.[/COLOR]
    [COLOR=#484848] Placing on the electronic marketplace allows your announcement to target “right” customers and necessary partners at a much lower cost than traditional marketing methods or other Internet marketing tools, such as banner on Google page. The registration is free.[/COLOR]
    [COLOR=#484848]
    Top places[/COLOR]
    [COLOR=#484848] in the most feasible parts of electronic marketplace. After registration you can also put your offer to the one of the TOPs: on the main page, category and subcategory pages. Placing on the TOP is the one of the competitive advantages.[/COLOR]


    [COLOR=#484848]Thanks
    [/COLOR]

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    Default Re: Advantages of B2B

    Hi

    You really doing great job. Thanks for sharing this nice information.
    I appreciate your post. Please keep sharing more and more information...

    Thanks

  13. #13
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    Default Re: Advantages of B2B

    Electronic commerce become easy and quick.
    i have use the b2b to do my business with my customers

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    Default Re: Advantages of B2B

    Hi


    Thanks for sharing this nice information. I appreciate your post. Please keep sharing more and more information . You really doing great job....

    Thanks

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    Default Re: Advantages of B2B

    Hi

    [COLOR=#000000][FONT=Times New Roman][FONT=Verdana]Lower distribution costs
    Companies producing complex goods are likely spend a lot of time and money responding to customer inquiries. Expert knowledge and internal inquiries across different departments may be necessary simply to get a quote. By contrast, a configurator makes all the information necessary for technically correct and precisely calculated offers available to sales staff, allowing them to work in complete independance. Customer service is delivered with higher consistency across the distribution chain, at a lower cost to the company.

    Quicker reaction to customer inquiries
    By using a configurator, the time needed to calculate an offer can be reduced from days and weeks to a few hours. This enables a rapid reaction to customer inquiries and allows external sales representatives to deliver on location. As a result, the overall time from the first customer contact to the actual deal is significantly shortened.

    Reduced capital commitment and less overproduction
    Since production will ideally be geared to actual demand rather than to keeping the warehouse filled, the capital commitment and high costs associated with stock-keeping can effectively be reduced. In addition, no more sales or special reductions are required for selling-off surplus production.
    [/FONT][/FONT][/COLOR]
    Thanks

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    Default Re: Advantages of B2B

    Transactions conducted through the internet between one business to another is called Business 2 Business. This type of business is carried out only through the internet. This business covers all types of organizations, right from auctioneers to business solution providers. This also includes business-business shopping and sales as well as provision of various services. With the advancement of technology with each and everyday, business transactions are carried out more easily and effectively as well as in a faster and efficient way.

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    Default Re: Advantages of B2B

    with the b2b,we can easy to do our business..we can submit our products ,then our customer can easily to see our products..
    it can prove our business quickly.

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    Default Re: Advantages of B2B

    Hi


    Electronic Marketing

    B2B platform can be used to sell the company’s product and services to business customers on the Internet. This model can be called seller oriented marketing because customers visit the web site that the supplier has prepared. Certain group’s items, such as industrial equipment are purchased only by businesses.

    Procurement Management

    From the purchasing company’s point of view, B2B is a medium of facilitating procurement management such as reduced prices and reduced cycle time. To implement B2B from the procurement management point of view the buyer-oriented market place can be used where the buyer announces the RFQ to the potential suppliers for competitive purchasing. To the suppliers, participating to the customers oriented marketplace and winning the bid is the major concern.

    Electronic intermediaries

    Individual consumers and business purchases a group of items such as books, stationery and personal computers, in such cases the consumers and business buyers can share the intermediary. Certain items such as industrial equipments and parts are purchases only by business. Since the purchasing party is a business who has to deal with many suppliers and intermediaries, an integrated and tailored buyer’s directory linked suppliers and intermediaries is needed.

    Thanks

  19. #19
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    Default Re: Advantages of B2B

    Hi


    * Its is cost reduction technique for the company so as to overcome mediator
    * With advancement in technology B2B can be done with the help of Electronic commerce.
    * With the help of online auction the buyer of industrial goods can get the product at a cheap deal, as there are many competitors in an online auction.
    * With E-Com electronic funds transfer-using EDI can be done between to organizations.
    * B2B helps in lowering the cost for selling and marketing.
    * It also shortens the selling cycle.
    * The most important advantage of B2B is to have JIT just in time delivery, the company can have the track of good as to which place it has reached with the help of electronic commerce.

    Thanks

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    Default Re: Advantages of B2B

    B2B sales are also generated by providing a specialized product line or service not available to the general public. This form of B2B transaction is very common in the manufacturing world. A company which produces shaving cream in cans, for example, may need a specific plastic nozzle. Several plastic injection molding companies would send sales representatives to pitch their particular designs. These nozzles would be useless for individual customers, but a manufacturer may order thousands of them.

    With the growth in electronic communications, B2B has taken on even more importance. Instead of simply focusing on business-to-business sales, modern corporations are conducting other financial transactions online. B2B communications are now being used to promote investment, trade stocks and form financial alliances. Because the price of these transactions is far beyond the reach of most individuals, there is no equivalent business-to-customer option available. Some B2B transactions handled electronically can literally run into the billions of dollars.

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