List at least five potential benefits of B2B e-commerce.

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 B2B e-commerce promises many strategic benefits for participating firms, both the buyers and the sellers including:

• lower administrative costs

• lower search costs for buyers

• reduced inventory costs due to increased competition among the suppliers (which increases price transparency) and reducing inventory to a bare minimum

• lower transaction costs due to the elimination of paperwork and the partial automation of the procurement process

• increased production flexibility by ensuring delivery of parts “just-in-time”

• improved quality of products due to increased cooperation among buyers and sellers, reducing quality issues

• decreased product cycle time due to the sharing of designs and production schedules with suppliers

• increased opportunities for collaborating with suppliers and distributors

• increased price transparency



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