Analyze future trends of B2B market places?

Business to business or B2B is a term commonly used to describe electronic commerce transaction between business to business. i.e., business to other groups. This is also meant that, all transactions made in an industry also. It is primarily refers that, large online platforms or websites that facilitate interaction and transactions between buyers and suppliers at organizational rather than individual levels. B2B initiative needs a large infrastructure and a company would need to restructure its system and business processes. It involves many participants with complex rules, higher purchasing amount and complex products. The following are the future trends of B2B market places. i) Help buyers finds new suppliers and vice versa ii) Help reduce time and cost of interaction for Business to Business transactions. iii) Help increase trade between distant geographies. iv) Help manage payments and track orders for Business to Business transactions. Ans: 1) Vertical E-market place: A vertical e-Marketplace spans vertically up and down every segment of one specific industry. Each level of the industry has access to every other level, which greatly increases association. Buyers and Sellers in the industry are connected to increase operating efficiency, and decrease supply chain cost, inventories, and cycle times. This is possible because buying and selling item to customers in a similar industry standardizes needs, therefore reducing the need for outsourcing many products. 2) Horizontal e-Market Place: A horizontal e-marketplace connects buyers and sellers across many industries. The most common type of material traded horizontally across industries is Maintenance, Repair and Operational materials. These items are so popular because they are crucial to the daily running of a business, no matter what industry you are in. These articles are mainly business and consumer articles. Many corporates have these bought directly on-line by the maintenance these in order to relieve the purchasing department. 3) No-frills e-Market place: Developed in response to customers wanting to purchase products without service or with very limited service. The approach parallels the B2C offering of no-frills Budget Airlines. Prepared by: Mr. G. Lakshman Rao, M.Com, E.Com, M.Phil, LL.B Sasty Nagar, Raith Colony, IInd lane, Rayagada, Orissa