Bussiness to Bussiness Prathma Mittal It-09
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Transcript of Bussiness to Bussiness Prathma Mittal It-09
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BUSINESS TO BUSINESSCOMMUNICATION
SUBMITTED BY-PRATHMA MITTAL
I.T. (09)
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CONTENTS
INTRODUCTION
INVENTORY MANAGEMENT
SUPPLY CHAIN MANAGEMENT
EDI
EFT
SOME POWERFUL TERMA RELATED TO B2B
B2B EFFICIENCY
ADVANTAGES DISADVANTAGES
FUTURE
CONCLUSION2
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INTRODUCTION
Describes commerce transactions between
businesses .
The U.S. Commerce Department reports
accounts for about 80% to 90% .
Include broad range of intercompany
transactions.
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INVENTORY MANAGEMENT
Specifies the size and placement of stocked
goods.
Determine the stock level on the basis ofphysical distribution .
Minimise stock holding and handling
costs.
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NEED OF INVENTORY MANAGEMENT
Time - The time lags present in the supply
chain, from supplier to retailer at every
stage.
Uncertainity-Maintained to meet
uncertainities in the supply of goods.
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CONTINUED..
Economies of scale - Ideal condition of
"one unit at a time at a place where a user
needs it, when he needs it" principle tends
to incur lots of costs in terms of logistics.
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SUPPLY CHAIN MANAGEMENT
Integral part of any supply chain system.
Defined as movement of product from
supplier to other manufacturer. Components are businesses, people,
information, activities, technology and
resources.
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Contd...
Extraction of raw materials.
Production e.g. component construction,
assembly and merging.
Storage and movement to remote locations.
Distribution to retailers and customers .
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Information Flow
Raw Materials
RETAILERFACTORY OTHER ORG WHOLSALERSUPPLIER
Finished Goods
SUPPLY CHAIN
STRUCTURE
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B-TO-B ONLINE TRADE
MARKET
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ONLINE TRADE FORECAST : TOP FIVE
INDUSTRIES
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ELECTRONIC DATA INTERCHANGE
Is an inter -company, application-to-
application communication of data in
standard format .
Useful in supply chain.
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CONTINUED
Information found in a paper document used
for the same organizational function.
For example an EDI 940 ship-from-warehouse
order is used by a manufacturer to tell a
warehouse to ship product to a retailer.
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Request
Transcript
StudentInformationSystem
PrintTranscript
U.S. MailReceiveTranscript
Re-keyData
RecipientsStudentInformation
System
EDI
EDI FLOW
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ELECTRONIC FUND TRANSFER
Perform financial transactions electronically.
Electronic exchange from one account to
another, within the same financial
institution.
In 1978 U.S. Congress passed the Electronic
Funds Transfer Act to establish the rights and
liabilities of consumers as well as fororganisations.
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KINDS OF EFT
ATM (Automated
Teller Machine)
CREDIT CARD
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DEBIT CARD
SMART CARD
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PROBLEMS WITH EFT
Security.
Inconveniences To Consumers.
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SOME POWERFUL TERMS IN
B2B
OUTSOURCING
CONSULTANTS
AUCTION NETMARKET PLACE
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OUTSOURCING
Refers to the process of contracting to a
third-party.
Exchange ofservices andpayments.
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REASONS OF OUTSOURCING
Focus on Core Business
Improve quality
Operational expertise Access to talent
Tax Benefit
Scalability Risk management
Catalyst for change
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CONSULTANTS
Professional who provides professional or
expert advice in business field.
For Example- DH Communication is an
consulting company.
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AUCTION
A market mechanism by which a seller
places an offer to sell a product and buyers
make bids sequentially and competitively
until a final price is reached.
Auctions can be done:
online
off-line
at public sites
at private sites (by invitation)
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The Auction Process
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NETMARKET PLACE
Intermediaries where many buyers and
many sellers can congregate to trade.
Essentially match buyers and sellersusing a variety of market mechanisms
including auctions.
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NETMARKET MODE
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B2B EFFICIENCIES
Neutrality
Two Way Profits
E-
CatalogsComplete Market Presence
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ADVANTAGES OF B2B
Expose sellers in one marketplace to all
potential buyers.
Create a hub for development projects,
market feedback, and customer
collaboration.
Provide expansive catalogs of products and
services.
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CONTINUED.
Increase manufacturing efficiency.
Reduce cycle times, improve transaction
flows, and manage parts inventories.
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DISADVANTAGES OF B2B
Trust Breach
Business Reviewing is Difficult Addition to Competition
Software and communications standards
Security
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THE FUTURE
Create significant future benefits.
A number of positive forces fueling future
growth of B2B marketplaces and electronic
exchanges.
Present the perfect meeting grounds for
buyers and sellers in future.
So,B2B has a bright future with involvementof internet .
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CONCLUSION
Bridge between buyers/sellers,
exporters/importers, manufacturers/suppliers .
Actually online business opportunities and
business communications have made business
processes easy and entertaining .
Time & Cost Saving Business Medium.
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