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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