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E market places and portals
Transcript of E market places and portals
design by Dóri Sirály for Prezi
is a virtual marketplace in which sellers and buyers meet and conduct different types of transactions.
matching of buyers to sellers
exchange of information/ goods/ services/ payments
legal and regulatory framework
e markets VS physical marketplaces
provides more updated information to the buyers and sellers
Components and participants
Types of e-marketplaces
place where many vendors compete and shoppers look for bargains and are expected to negotiate prices
Shortens buying cycle
24 hr service
Benefits for the buyer
Updated information on price and availability
convenient way to compare prices and products from a single source
Established e-marketplaces provide a level of trust
Benefits for the seller
Regular requests for quotations from both new and current customers are possible.
provides an additional sales channel
reduced marketing costs
The marketplace infrastructure includes electronic networks, hardware, software and more
goods that can be transformed to digital format and delivered over the internet
portion of an e-sellers business process through which customers interact, including the, sellers portal, e catalogs, a shopping cart, Search Engine, Auction engine, Payment Gateway
all the activities related to order aggregation and fulfillment, inventory management, purchasing from suppliers, accounting and finance, insurance payment processing, packaging and delivery are done.
Intermediaries: 3rd party operates between buyers and sellers. online intermediaries create and manage the online markets. they help match buyers and sellers, provide infrastructure services. Most intermediaries work as computer systems
other business partners use the internet to collaborate along the supply chain.
Types of e market places
An online shopping center where many online stores are located
aggregates local products and stores
storefronts may belong to a
an individual selling from home
single company's website where products or services are sold.
storefront include several mechanisms necessary for conducting the sale
ex: niwasa.com, buyonline.lk, riyasewana.lk
Regional Vs Global stores
Support Services: ex: Security services to content
owned and/ or managed by an independent 3rd party or by a group of companies, called a consortium
open to public regulated by the government/ the exchange owner
provides auctions, requests for quotations and other features
Achieved through e-procurement software
Private Stores on Sellers' site
Sellers bid on major Buyers' business
Product usage details
Electronic Commerce 2008 (Electronic Commerce) by Efraim Turban, Jae Kyu Lee, Dave KIng and Judy McKay (Oct 19, 2007)
Large eMalls ex: Wow.lk
Customer packaged industry
offer content for diverse communities
for broad audiences
can be customized
routine content some in real time (yahoo, MSN)
intended for communities with specific interests.
provides interactive capability
filtered information for individuals
provides organized access to rich content within narrow corporate and partners communities
Corporate Portals/ Enterprise portals