Matakuliah Tahun Versi : J0324/Sistem e-Bisnis : 2005 : 02/02 Pertemuan 9 Understanding Public B2B Exchanges and Portals 1 Learning Outcomes Pada akhir pertemuan ini, diharapkan mahasiswa akan mampu : • menguraikan konsep dan aplikasi portal pertukaran informasi B2B 2 Outline Materi • • • • B2B Electronic Exchanges – An Overview B2B Portals Third Party (Trading) Exchanges Consortium Trading Exchanges 3 ChemConnect: The World Chemical Exchange • The Problem – Before the Internet, the B2B trading process was slow, fragmented, ineffective, and costly – Buyers paid too much, sellers had high expenses, and intermediaries were needed to smooth the trading process 4 ChemConnect: The World Chemical Exchange (cont.) • The Solution – Traders meet electronically in a large Internet marketplace – Save on transaction costs, reduce cycle time, and find new markets and trading partners around the globe 5 ChemConnect: The World Chemical Exchange (cont.) – ChemConnect provides a trading marketplace and an information portal to over 7,500 members in 135 countries – Members are: • • • • • Producers Consumers Distributors Traders Intermediaries involved in the chemical industry 6 ChemConnect: The World Chemical Exchange (cont.) – Trading Center consists of 3 trading areas 1. Marketplace for buyers 2. Marketplace for sellers 3. Commodity market platform 7 ChemConnect: The World Chemical Exchange (cont.) – ChemConnect members use the Trading Center to streamline sales and sourcing processes by automating requests for quotes, proposals, and finding new suppliers – The center enables a member to negotiate more efficiently with existing business partners as well as with new companies the member may invite to the table in complete privacy 8 ChemConnect: The World Chemical Exchange (cont.) – The revenue model includes: • members’ annual transaction fees • monthly or annual subscription fees (for trading and for auctions) • fulfillment service fees – Three trading locations provide up-to-theminute market information – Business partners provide several support services (payments, delivery, etc.) 9 ChemConnect: The World Chemical Exchange (cont.) • The Results – Benefits of ChemConnect to its members are: • • • • more efficient business processes lower overall transaction costs time saved during negotiations and biddings sellers reach more buyers and liquidate surpluses rapidly 10 ChemConnect: The World Chemical Exchange (cont.) • What we can learn… – Electronic exchange is owned and operated by a third-party intermediary – Buyers and sellers, as well as other business partners, congregate electronically to conduct business 11 B2B Electronic Exchanges • Public e-marketplaces (public exchanges): Trading venues open to all interested parties (sellers and buyers) and usually run by third parties • Exchange: A many-to-many e-marketplace. Also known as e-marketplaces, e-markets, and trading exchanges 12 B2B Electronic Exchanges (cont.) • Market maker: The third-party that operates an exchange (and in many cases, also owns the exchange) • Systematic sourcing: Purchasing done in long-term supplier–buyer relationships • Spot sourcing: Unplanned purchases made as the need arises 13 B2B Electronic Exchanges (cont.) 14 B2B Electronic Exchanges (cont.) 15 B2B Electronic Exchanges (cont.) • Vertical exchange: An exchange whose members are in one industry or industry segment • Horizontal exchanges: Exchanges that handle materials used by companies in different industries 16 B2B Electronic Exchanges (cont.) • Dynamic pricing: A rapid movement of prices over time, and possibly across customers, as a result of supply and demand 17 B2B Electronic Exchanges (cont.) • Process that results in dynamic pricing in most exchanges includes 1. A company posts a bid to buy a product or an offer to sell one 2. Anonymity is often a key ingredient of dynamic pricing 3. Buyers and sellers interact with bids and offers in real time 4. A deal is struck when there is an exact match between a buyer and a seller on price, volume, and other variables such as location or quality 5. The deal is consummated, and payment and 18 delivery are arranged B2B Electronic Exchanges (cont.) • Functions of exchanges – Matching buyers and sellers – Facilitating transactions – Maintaining exchange policies and infrastructure 19 B2B Electronic Exchanges (cont.) 20 B2B Electronic Exchanges (cont.) • Ownership of exchanges – An industry giant – A neutral entrepreneur – The consortia (or “third-party” co-op) 21 B2B Electronic Exchanges (cont.) • Revenue models – – – – – Transaction fees Fee for service Membership fees Advertising fees Other revenue sources 22 B2B Electronic Exchanges (cont.) • Governance and organization – Membership the community in the exchange – Site access and security information should be carefully protected – Services provided by exchanges provide many services to buyers and sellers 23 B2B Electronic Exchanges (cont.) 24 B2B Electronic Exchanges (cont.) 25 • Source : Turban, Efraim, David King, Jae Lee and Dennis Viehland. Electronic Commerce. A Managerial Perspective (2004). Prentice Hall. PPT for Chapter :7 26