Private Exchange Technology, And Specifically The Internet Essay

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Private Exchange Technology, and specifically the internet and the vast amount of connect ability it provides, has stirred things up in the business world as well. This essay will discuss the effect of business to business (B2B) private exchange systems that certainly take advantage of the automation and computer technology that is available today to improve business and create more of a competitive advantage.

Automation is the key to lightening the labor loads and producing fast and efficient products or services. The mechanization of today's industries, and specifically the B2B industry, has demonstrated that new markets and exchange techniques have a valid place within this new type of operation. B2B type companies that...

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One method attempts to integrate the B2B exchange to automate the simple business processes like buying, selling etc. The other method can simply create a private exchange and fuse two business into one and eliminate the human aspect to the transaction.
Kenjale & Phatak (2002) agreed with this idea when they wrote "Business-to-business (B2B) exchanges or marketplaces provide dramatic opportunities to automate collaborative business processes with customers and suppliers, generate internal efficiencies, and reach new…

Sources Used in Documents:

References

Kenjale, K. & Phatak, A. (2002). The Benefits of B2B Exchanges. CRM, December 2002. Retrieved from http://www.destinationcrm.com/Articles/Web-Exclusives/Viewpoints/The-Benefits-of-B2B-Exchanges-48031.aspx

Rabbitte, S. (2000). Private exchanges muscle in on B2B markets. ZDnet, 4 Dec 2000. Retrieved from http://www.zdnet.com/private-exchanges-muscle-in-on-b2b-markets-3040134720/


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