Business to Business (b2b) Exchanges
1. The reason that a company would want to participate in a b2b exchange is that the b2b exchange is an online marketplace that quickly connects buyers and sellers. On a b2b exchange supply chain, transactions for entire industries can take place under one virtual roof. Business also takes place faster and more efficiently via the common platform of the internet.
2. The have been several reasons that Business to Business exchanges have been slow to take off. The first reason that b2b was slow to take off was because of the different software packages that companies started out using. Second, most companies have different customs so there was not one set way of b2b exchanges. The third reason that they have been slow to take off is because of languages and the manufacturing schedules that b2b follow. Then, the last reason b2b exchanges were slow to take off is because companies were having problems with the speed of the internet and the access to the internet, however in the last few years this has slowly gotten faster.
3. There are many positive and negative ways that b2b exchanges can impact the supply chain. First, b2b exchanges can't improve every element of the supply chain because an improved information flow is what they really have to offer. The major impact that b2b exchanges will have is the ability to speed up the flow of information and make it available more widely. Then, it can produce gains large enough to justify the big investments that b2b believers continue to make. The positive impacts are b2b exchanges will accelerate the flow of goods, information, and capital in both directions. B2b can also monitor the flow on the supply chain and promise a genuine impact. The...