Question

the models of b2b helps bring buyers and sellers together to reduce procurement cost​

Answer 1

Explanation:

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Answer 2

The model is an E-procurement model.

• This strategy enables organisations to request, easily order, and purchase commodities and services online within a supplier's particular system.
• Its main objective is to make use of the system's optimal time and pricing for obtaining commodities. It makes it simpler to buy commodities. from recommended suppliers.
• The concept makes it easier for businesses to transact online, which has boosted the need for intermediary services like E - markets.
• As they frequently offer bulk discounts, the more one buys from the same favourite vendor, the more they normally save at a unit cost level.
• Additionally, it reduces expenses associated with paper-based systems, takes advantage of bulk purchasing, and stops duplication of expenditures.

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