Question

What type of e-commerce application would be used to plan and coordinate transactions with suppliers?

Answer 1

Solution:- E-commerce application used to plan and coordinate transactions with suppliers are supply chain Management.

Supply chain management is the complete management of the flow of goods and services and includes all processes that transform raw materials into final products. It involves streamlining the process of a business's supply-side activities to maximize customer value and gain a competitive advantage in the marketplace. SCM represents an effort by suppliers to develop and implement supply chains that are as efficient and economical as possible.

Types of E-commerce application used for SCM

The SCM market could be classified into five categories:

1. Integrated SCM and eBusiness Suites:

Software vendors who started with “Advanced Planning & Scheduling Functionalities“ and developed their modular products to almost complete SCM tool suites. like SAP.

2. Specialized SCM-Suites:

These software suites offer specialized solutions in different fields of task scheduling. These solutions are less extensive than those of the first category.

3. Functional Extended ERP Systems:

Vendors of this category develop SCM functionalities as an extension of their Production Planning and Control and Enterprise Resource Planning systems but their core business is still traditional systems. like Oracle