The Different Types of Business Exchanges

712 Words Jan 13th, 2018 3 Pages
While each of these types of exchanges vary in structure and objectives, they all share the common attributes of having catalogs, support for role-based access control, role-based buying and selling, and order aggregation (Sairamesh, Mohan, Kumar, Hasson, Bender, 2002). In addition, exchanges all rely on a secured Internet connection to act as an accelerator of transactions and a platform for global growth across buyer and supplier locations (Porterfield, Bailey, Evers, 2010).
Within the latest generation of B2B exchanges there has been an emphasis on mobility support for the best-selling Apple iPad, iPhone, Apple iOS and emerging Android operating systems, in addition to support for analytics and real-time reporting (Albadvi, Hosseini, 2011). All of these elements are critically important for ensuring a high degree of strategic governance of B2B exchanges to specific goals and objectives they were originally designed to fulfill (Chelariu, Sangtani, 2009). The Internet also unifies all three B2B exchange models together by enabling a continual stream of the best available pricing, product and availability data, which is also essential for each of these exchanges to function correctly (Li,…
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