Shruti Speak's

Let’s first give quick glimpse to how EDI is setup, There are several ways to set up EDI. - A dedicated PC link to the EDI network. - A group of computers via modems linking to the EDI network - A dedicated server link to the EDI network Communication link could be: - dial-up phone line (such as ISDN line or switched digital services) - a dedicated link to the network’s local hub point. Required software: - Application software - Message translator - Routing manager - Communication handler Migration to Open EDI. The Internet and the transition to open EDI will change the economics of EDI by reducing setup and rollout costs. Migration groups: - A nonuser becoming a private network/VAN use

Advantages Seller prospective Buyer Prospective Playground in all online users! Wide choice, as usually your search used to end up Lowers selling cost, as not many taxes involved, apart from basic rules. Information could be searched precisely as per requirement Market is open 24x7x365! Market is open 24x7x365! Without much investment you can sell products across continents You can buy products across globe Buyer/seller have same platform Try your luck in auctions, reverse auctions to save money Disadvantages Seller prospective Buyer Prospective Every year, we hear new technology! Security, biggest threat for transactions Still many countries have deficient communication infrastructures In bulk deals / costly goods lack of trust with sellers Language, big barrier at times Even in digital era, many want to touch/feel before buying Currency conversions Not enough knowledgably about currency / tax rules Security issues for online transactions Concerned over warranty, sup

E-commerce can be spilt into four major categories: B2B, B2C, C2B, and C2C. Online Businesses can be commonly categorized as business to consumer (b2c), consumer to consumer (b2b), and business to business (b2b) business models. This means that any traditional business model can also be implemented online. These models have been discussed briefly as follows: B2B (Business-to-Business) Organizations/Companies doing business with each other. Manufacturers selling to distributors, wholesalers selling to retailers can be interpreted as B2B commerce. For example, bulb manufacturing company dealing with car manufactures. Pricing/ terms and conditions are based on quantity of order. Examples: shop2gether, metalsite, etc. Note : Check out http://www.golna.com. Ningbo GOLNA PARTS Co., Ltd. It is a B2B portal. It is a manufacturers and exporters in the home appliance components. Its products include washing machine spare parts, refrigerator spare parts etc. B2C (Business-to-Cons