The introduction of electronic commerce has unveiled new opportunities in terms of research and practice in supply chain analysis and management since electronic commerce (e-commerce) has had a huge effect on the manner in which businesses order goods and have them transported with the major portion of e-commerce transactions being in the form of business-to-business (B2B).
The introduction of electronic commerce has unveiled new opportunities in terms of research and practice in supply chain analysis and management since electronic commerce (e-commerce) has had a huge effect on the manner in which businesses order goods and have them transported with the major portion of e-commerce transactions being in the form of business-to-business (B2B).
Estimates of B2B electronic commerce range from approximately .1 trillion dollars to 1 trillion dollars in 1998 and with forecasts reaching as high as 4.8 trillion dollars in 2003 in the United States.
It has been emphasized that the principal effect of business-to-business (B2B) commerce, estimated to be 90% of all e-commerce by value and volume, is the creation of new and more profitable supply chain networks.