Define b2g e commerce advantages and disadvantages
Answers
In simple terms, the B2B eCommerce Business is a form of electronic commerce that deals with the transaction of goods and services between businesses through the internet. In most cases, this transaction is performed through an online portal. The main objective of this business model is to increase the business efficiency and revenue of retailers. Rather than manually processing orders, all the orders in the B2B model are processed in the digital platform.
B2B eCommerce Business Model Advantages
1) Market Predictability
Compared to the other business strategies, the B2B eCommerce business model has more market stability. B2B sectors grow gradually and can adapt to various complex market conditions. This helps to strengthen the online presence and business opportunities and get more potential clients and resellers.
2) Better Sales
An improved supply chain management process along with a collaborative approach increase customer loyalty in the B2B eCommerce business model. This, in turn, leads to improved sales. It helps businesses to showcase product recommendations and unlock effective upselling and cross-selling opportunities.
3) Lower Costs
Due to an effective supply chain management process, this online business model leads to lower costs for the businesses. In most cases, the work is done through automation that eradicates chances of errors and undue expenditure.
4) Data Centric Process
One of the main advantages of the model is that it relies on effective and factual data to streamline the whole process. In this way, errors can be avoided and proper forecasts can be made. With an integrated data-driven approach, you can calculate detailed sales statistics.
The B2B eCommerce Business is a kind of computerized business which trades with the purchase of assets and assistance within companies by the medium of the internet. Such a transaction is conducted through an online gateway. The chief purpose of this partnership model is to enhance the marketing effectiveness and income of retailers.
E-commerce furnishes instruments with a global influence. They eliminate the limitation of distance (geography). Now retailers and customers can join in the practical world, out the interference of location.
The start-up expenses of the e-commerce gateway are very important. The structure of the appliance and the software, the education value of employees, the continuous sustaining and maintenance are all quite high.