E-Commerce in B2B Transactions E-commerce / E-business is defined as the business activity conducted using electric data transmission via the Internet and the World Wide Web. Three elements that make up electronic commerce are: (1.) Transactions and business processes that support selling and purchasing activities on the internet. (2.) Business to Business E-commerce and (3) Business to consumer E-commerce. Our main focus for this project is the business to business element and the use of wireless enablers, (known as m-business). E-commerce has created a much more efficient way of doing business. It eliminates time by creating faster ways to transfer documents through electronic transmission. Transactions are done electronically, instead of having paper trails. There are many advantages for businesses who use E-commerce. E-commerce can increase sales and decrease costs. We’ll address 3 forms of transfers in e-commerce. 1.) The Electric Funds Transfers (EFTs), which is also known as Wire Transfers. EFTs are the exchange of account information through electronic transmissions over private communications network. 2.) Electronic Data Interchange (EDI) is done when one business transmits computer-readable data in a standard format to another business. Businesses engage in EDI when they’re trading partners. Standard formats of EDI contain the same information businesses have always included: standard paper invoices, purchase orders, and shipping documents. EDI is a form that has cut business transfer prices in half. General Electric and Wal-Mart use EDI to improve their purchasing processes and their relationships with their suppliers. 3.) Value Added Network (VAN) is an independent firm that offers connection and EDI transaction forwarding services to buyers and sellers engaged in EDI. Before the internet, VANs provided the connections between most trading partners and were responsible for ensuring the security of the data transmitted. This is very expensive and is used by large corporations in majority. The internet helps businesses advertise to potential customers globally. The internet creates virtual communities whom are ideal target markets for specific types of products and services. Businesses use e-commerce in their purchasing processes to identify new suppliers and business partners through the World Wide Web. Competitive bids are found effectively. Unfortunately there are some disadvantages to e-commerce. The costs and benefits are hard to quantify. Underlying technologies are changing so rapidly that it's hard to keep up with updates. There’s difficulty integrating existing databases and transaction-processing software, so maintaining and upgrading could be too expensive for some industries. Recruiting and retaining employees with skills needed to create an effective e-commerce is very difficult since it is a new innovation to our society. There are some cultural and legal obstacles that can also make e-commerce a disadvantage Businesses increase their sales and decrease their cost by using enablers. These enablers are wireless devices such as palm pilots, cell phones, laptops with wireless modems, etc. Business conducted through wireless means is M-Business.