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B2B and B2C supply chain
B2B and B2C supply chain
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Supply Chain B2B vs. B2C The recent invention of the microprocessor has enabled businesses to evolve due to technological advances fostered by the invention of the computer, improvements in transportation, and global communications, all dependent on the microprocessor. Of importance has been the computer and voice and data communications systems; the lifeblood of many businesses today. The proliferation of computers in businesses and in homes and the growth of the internet and the World Wide Web eventually led to electronic commerce or e-Commerce. E-Commerce in simplest terms is the buying and selling of products and services electronically using computers to send order and payment information over the internet. E-Commerce takes place in many different forms; business to business (B2B), business to consumer (B2C), business to government (B2G), and more recently consumer to consumer (C2C) using auction sites such as eBay. The form of e-Commerce most people are familiar with is probably business to consumer or B2C. B2C has been growing over the last several years and this growth is expected to continue well into the future. Business to business or B2B e-Commerce has been in existence much longer in various forms and is still growing with expanding global business and global trade. Since e-Commerce is the buying and selling of products and services, there must be an underlying methodology of moving products from business to business or business to consumer. Traditional B2C is straightforward as the consumer goes to the store, purchases the product, and leaves with the product; but an online purchase becomes more difficult. B2B purchases of materials and products also seem straightforward on the surface but can be quite complex. The method of moving materials and products has also evolved as technology has evolved and businesses have grown. This method of moving materials and products is now commonly known as supply chain. What is Supply Chain? Supply chain by definition is "The optimal flow of product from site of production through intermediate locations to the site of final use." (Supply Chain, 2006) This definition, although simple, points out two key elements of a supply chain. First, a supply chain must move product optimally from point to point leading to the conclusion that a supply chain must be optimized for efficiency. Secondly, a product may move through many intermediate locations from its initial starting point to final destination. The assumption can be made that each intermediate location should also be optimized for efficiency to achieve total end-to-end optimization.
Supply chains are all exercises that create or give an item as well as support to a client. Verifiably store network administration has been about decreasing expense. Overseeing inventory network expense is key vital wanting to stay aggressive in a worldwide business sector. All associations have an inventory network. A production network incorporates outside, inside, approaching, and active. Outside and inside supply chains are individuals, parts, crude material, crude sustenance, data, improvement of individuals and ventures, designing, work, completed items, and segments of items that will approaching supplies, use, stockpiling, appropriation and proficiently, to accomplish most extreme estimation of each. So as to be aggressive and reasonable
A supply chain is a system through which organizations deliver their products and services to their customers. The network begins with the basic ingredients to start the chain of supply, which are the suppliers that supply raw materials, ingredients, and so on. From there, it will transfer the supplies to the manufacturer who builds, assembles, converts, or furnishes a product. The chain now needs to get the product to the consumer by transporting the finished product from the manufacturer through a warehouse or distribution center. An example is that Wal-Mart has a nearby distribution center where products are delivered there and then split up to be delivered to a retail Wal-Mart. “Wal-Mart will take responsibility for breaking down larger loads and delivering the product to other Wal-Mart stores” (Ehring 1).
Li & Fung is a global trading group sourcing and managing the supply chain for high volume, time sensitive consumer goods. The group is associated with strong brands such as The Limited, Gymboree, American Eagle, Warner Brothers, Bed, Bath & Beyond, Levi-Strauss. With the rise of the internet, and the thrive of the B2B intermediaries, this memo will discuss the Li & Fung's E-Commerce strategy and how to use internet to facilitate supply chain management.
In two distinct e-commerce business types, Business-to-business (B2B) and Business-to-Consumer (B2C), there are many differences in the way they operate. Specifically in marketing, differences include how the marketing is driven and the values of the strategies, the size of the target market and length of the sales cycle, and even the buying patterns of the target consumers. Each of these differences will be better defined and explained in the following paragraphs.
The following table summarizes the differences between B2B marketing and B2C marketing. Your marketing plan needs to take into account the differences and ensure you are developing the right types of activities for your particular market.
Supply chain management is an important part of any business, therefore, it has to be managed effectively and if a business can manage its supply chain in a better way than its rivals then its market share will grow even more. The revolution of the internet has affected supply chain management methods and e-Business was among one of the effects of the internet revolution. According to Laudon & Laudon (cited in León-Peña 2008) supply chain management can employ e-business concepts and the technology advancements in all steps of the business cycle, from collecting the required materials to product design, shipping, to warehousing until the ...
‘Supply chain management integrates supply and demand management within and across companies. It encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, thir- party service providers, and customers’. (Web: Council for Supply Chain Management Pr...
Have you ever purchased any product on the Internet, used the Internet to collect information or data, or played computer games on the Internet? You must agree that it is fast, easy, and enjoyable. The Internet has been a part of our daily life for several years now. In addition, in the business world, a new business model, E-business and E-commerce, has appeared for several years. According to Ali, there are two main types of E-commerce: B2B and B2C (2000). One is business to business (B2B). This means that enterprises use the Internet to transact or trade between business operations and their partners. Another is business to consumer (B2C). In other words, enterprises provide products, support good, and services to the customers on the Internet.
Some companies choose to manage it from the point of supply, whereas others at the point of consumption depending on their strategic requirements. One example is Intel made sure its customers who are computer manufacturers place “Intel inside” label on their products. This move to let customers know from where the chip inside their PC came from, will surely affect the computer manufacture’s decision if they think of switching the supplier. Another example can be “Coca-Cola”, which is one of the largest consumers of PET resins in the world. The company contracts directly with the resin producer. Such a practice to control the supply chain from the point of origin will protect the company from price volatility and improved availability. “At the end of the day, supply chain management is about relationship management. A Supply chain is managed link-by- link, relationship-by-relationship, and the organizations that manage these relationships best will win” [Lam08].
Business today is inextricably intertwined with technology, from the smallest home office, to a multinational corporation with multiple monolithic legacy application. It is impossible to be in business today without confronting the issues of technology. The way we do business today is different than 30 years ago. Technology has evolved around the areas of telecommunication, travel, stock market, shipping even around our daily lives. E-commerce a system by which people can buy, sell and deal without even seeing the person on the other side has taken a front seat in improving the economy of countries around the world. Technology today has made it possible for monetary institutions to help locate the customers resources and help solve their problems at any given time through online banking. The Internet, a boon to all business, is playing a part of a catalyst; it links millions of customers to its suppliers and vice versa due to this, manufactures are able to cut the role of middlemen and are able to deal with the customers, giving them the ability for direct input from the customers about their choices and views of their product. The busi...
According to Wisner & Tan (2000), supply chain management was used in wholesaling and retailing. It was described the integration of logistics and physical distribution function with the goal of reducing delivery lead time. Manufacturers and their suppliers can reduce cost, improve quality and delivery timing. Supply chain management is related with purchasing strategy, logistics, supplier integration, value chain management, supply base management, strategic supplier alliances, lean manufacturing, Just-in-Time (JIT), and supply chain synchronization. There are some benefits in a successful supply chain management. Supply chain management can reduce response time across the supply chain,
Supply chain management (SCM) is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers (Harland, 1996). The term was coined by Keith Oliver, a Booz Allen Hamilton executive in 1982 as an extension of logistics, though some scholars see the terms interchangeable. Logistics, as well as many other terms commonly used in business, originate from military terminology. In business language it generally refers to the management of the flow of goods, information and other resources, between the point of origin and the point of consumption in order to meet the requirements of consumers. In this study it is not necessary
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.
E-commerce or electronic commerce is carrying out business communications and transactions through computers and over networks. It involves buying and selling of goods and services through digital communication. E-commerce also includes transactions on the World Wide Web and the Internet and means such as electronic funds transfer, smart cards and digital cash. E-commerce covers outward facing processes that interact with customers, suppliers and external partners such as sales, marketing, delivery, customer service, purchasing of raw materials and supplies for production.
What's e-business? It is the transformation of every business process through using the internet and associated technologies. In this transformation, each part of the business becomes a part of an intrinsic network, which enables employees, suppliers and customers of a given enterprise to conduct their tasks. People usually try to make a point in differing e-business from e-commence, but as I see, e-commerce is a part of the e-business category, and an important one.