Information Resource Center

What is B2B?

B2B is short for “business-to-business”. Most local business relies on this type of electronic commerce where the transaction is usually done directly by the manufacturer and a wholesaler, or between a wholesaler and a retailer. B2B implies that both the seller and the buyers are business corporations; while business-to-business electronic commerce implies that the buyers are individual consumers. Some related terms are B2C which means business to consumers, and B2G which is business to government

What B2B Directories can offer your local business?

1.    Regarding your Product – it’s price, and tracking its sales history

2.    For your customers – sales history and forecast.

3.    For suppliers - Product line and lead-time, sales terms and conditions.

4.    In terms of product process – capacity, product plan.

5.    For fellow competitors – market share, product offerings.

6.    In terms of sales and marketing – marketing promotions

7.    The supply chain process - the quality, delivery time etc.

 

Electronic Marketing

A B2B directory can be used to sell the company’s product and services to business customers on the Internet. Maybe termed as seller marketing because customers visit the web site that the supplier has prepared.

Procurement Management

This process will help your business in terms of purchasing goods and services from other external suppliers. In B2B directories they will provide your local business on how to issue Purchase Orders, receive and approve deliveries, endorse supplier payments and manage suppliers against their contracts. To cut it short, this means letting the buyer know they get what they have paid for. Want to Start your local Business - Check Your Local B2B Directories.

Electronic intermediaries

This is based on the IT side and the business infrastructure of B2B directories to become in order and help build the trust and integrity of the market participants ensuring them a legitimate transaction has been performed. In traditional markets there are no electronic intermediaries involved.

Just in time

JIT delivery is the part about maintaining an inventory. It helps your business from getting overstocks and keeping production lines moving. This means that a supplier must be able to provide just-in-time (JIT) delivery - reliably getting products there just before the customer needs them.
 

Electronic Data Interchange

EDI is the electronic exchange of specially formatted standard business documents such as orders, bills approval of credit, shipping details and confirmation sent between business partners. This is an important part in integrating a B2B.

What are the advantages of B2B Directories?

·        The main advantage of making your local business rely with B2B directories is for dramatic changes in cost reduction.

·        Since we are in the era of getting more advanced in technology B2B directories mainly rely with Electronic commerce.

·        B2B directories helps your business lower the cost and still get an effective marketing strategy

·        It shortens the selling cycle

·        Electronic Data Interchange or EDI where electronic funds transfer is used

·        The most important of all is B2B’s can promise JIT or just in time delivery where the company can track their goods through online tracking.

Without B2B Directories - Business were never so easier.