Electronic Market – An Overview

Electronic market presents various angles to create a selling point, it offers channels of Bargain and Choice for customers, various Models of Supply chain and Transaction for the seller, explained above is the advantages that E-Commerce offers.
Tags : E-Commerce, various Models of Supply chain, Transaction for the seller, E-Commerce Website, Electronic system, Welearn, distance learning, online mba, online learning, understand e commerce, Welingkar’s DLP.

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1. Welingkar’s Distance Learning Division Electronic Market We Learn – A Continuous Learning Forum

2. Electronic Market

3. Advantages of online shopping Sheer convenience Wider choice Better value Unique gifting opportunity Saves time & strain Micro targeting Mass personalisation Know customer preferences and Integrated source of Information

4. An Oversimplified Picture of Interaction Between Customer and Supplier (By Enjoying purchase) (i) Model 1 Broker model Request for goods Customer C Select Suppliers’ Web page Enjoys Purchase Establish Shopfront Solicit details of the order Credit card validated Goods availability checked S Supplier Order confirmation Order fulfilment

5. Interaction Between Customer and Supplier with Choices (ii) Model 2 Customisation model C Customer Enjoy choice Select Suppliers’ Web page Message flows Product enquiry Select preference Order confirmation Order fulfilment Establish Shopfront with user Configurable applications Presentation of options Capture customer choice Check build schedule Validate credit card S Supplier

6. Interaction Between Customer and Supplier with Bargain C S (iii)Model 3 Contact model Customer Supplier Submit bid Bid accept/reject View Catalog Enjoys bargain Maintains catalog Collect all bids Select winning bids Match buyers and sellers Collect commission

7. Three Models Broker Model Customisation Model 3 Contact Model

8. A Centralised Catalogue Trading Places server Suppliers Buyers A centralised catalogue

9. Distribution Architecture Suppliers suppliers back end system Info Banks intrade System Catalogue Infobanks Intrade Buyer System Buyers Buyers backend system

10. The Interactive Marketing Process Pull Information (HTMLpges) Client software Cheap, easy To get. (Limited Customiation abilities) Waste time looking over search engine results Customise Information sent. Automate. Delivery of crucial news. Cost effective Centralises and eases control of information at server. Web server Push software collects Information. Pull Push

11. A view of B2B Marketplaces in the Chemicals Industry High Product scope Narrow Independent Ownership Model Industry sponsored Chem Connect ELEMICA Fobchemicals.com 1stChemical Market Chem ACX.com Plasticsandchemicals.com E-Chemicals GetPlastic.com RubberBuy.com ChemPoint.com Covalex Chem Web 20TONS.com PlasticLink.com PlasticNet.com Justforplastic.com Packaging Exchange.com CheMatch.com XSMChem Painstnd Coatings.com Packexpo.com Envera ElastomerSolutions.com Omnexus.com GE Polymerland

12. Predicted Trends in B2B Market Places $ 1,200 $ 900 $ 600 $300 $ 0 The Purge Fortification Reconciliation E-Marketplace trade U.s. $ (billions)

13. Secure Extra Net Web Page Secure extra net web page Users Market place Buyers Sellers go to enter information Send information Or through E-mail

14. An Oversimplified Picture of Interaction Between Customer and Supplier (By Enjoying purchase) (i) Model 1 Broker model Request for goods Customer C Select Suppliers’ Web page Enjoys Purchase Establish Shopfront Solicit details of the order Credit card validated Goods availability checked S Supplier Order confirmation Order fulfilment

15. Interaction Between Customer and Supplier with Choices (ii) Model 2 Customisation model C Customer Enjoy choice Select Suppliers’ Web page Message flows Product enquiry Select preference Order confirmation Order fulfilment Establish Shopfront with user Configurable applications Presentation of options Capture customer choice Check build schedule Validate credit card S Supplier

16. Interaction Between Customer and Supplier with Bargain C S (iii)Model 3 Contact model Customer Supplier Submit bid Bid accept/reject View Catalog Enjoys bargain Maintains catalog Collect all bids Select winning bids Match buyers and sellers Collect commission

17. A Centralised Catalogue Trading Places server Suppliers Buyers A centralised catalogue

18. Distribution Architecture Suppliers suppliers back end system Info Banks intrade System Catalogue Infobanks Intrade Buyer System Buyers Buyers backend system

19. The Interactive Marketing Process Pull Information (HTMLpges) Client software Cheap, easy To get. (Limited Customiation abilities) Waste time looking over search engine results Customise Information sent. Automate. Delivery of crucial news. Cost effective Centralises and eases control of information at server. Web server Push software collects Information. Pull Push

20. Pull Type Push Type Mass communication Pull Type

21. Value-added Functions on the Sell Side Auction Access to additional customers Helping business managers in :- Spotting trends Offering volume purchase discount incentives and Improving relationships with customers who do a lot of business with multiple business units

22. A view of B2B Marketplaces in the Chemicals Industry High Product scope Narrow Independent Ownership Model Industry sponsored Chem Connect ELEMICA Fobchemicals.com 1stChemical Market Chem ACX.com Plasticsandchemicals.com E-Chemicals GetPlastic.com RubberBuy.com ChemPoint.com Covalex Chem Web 20TONS.com PlasticLink.com PlasticNet.com Justforplastic.com Packaging Exchange.com CheMatch.com