B2B Portal: A firm Platform to extreme Productivity correction

B2B Portal: A firm Platform to extreme Productivity correction If somebody tells you that your gift corporate website can be converted to a B2B portal which will help you significantly improve your company's productivity in both of the two traditional factors: earnings increase and Cost Saving, and that the portal can be launched in a matter of months with a very uncostly investment, what will be your reaction? Read on to learn how corporations all over the world are missing an opportunity, which can revolutionize the way they conduct their businesses.

What is a B2B portal? A portal is defined as an access point to World Wide Web. A portal is a compound of web pages, features and services which come to be a traditional destination for users. The word was first used to report the sites of beloved Internet access providers or crusade engines such as Aol, Msn and Yahoo! At a later stage, the word "portal" evolved into something bigger exterior business websites, where a corporate portal or business facts portal acts as a base for employees, customers, suppliers and other associates of a business to access corporate facts and web services. A B2B portal is a unavoidable kind of website with features to escort electronic business and conduct primary parts of corporate business processes. Benefits of having a B2B portal Today, B2B portals are not just a fancy idea! They are an absolute necessity for all enterprises of any type and size. The advantages of having a quality B2B portal are massive. Implementation of a true high quality B2B portal could have immediate impact on business productivity. Revenue Growth Revenue increase from Existing Clients Existing clients get faster and easier access to product information, quicker response to their requests, get good buyer keep and are able to buy products online. Revenue increase from Value Added Services Once a B2B portal is set as the traditional sales channel, spared resources can be used to originate more value added services for clients. Some of the services that the portal may offer also could be utilized to originate more value. Cost Savings Order Processing Cost If the B2B portal integrates supply chain administration solution, it will reduce the cost of processing orders drastically. Studies show that similar clarification can reduce cost of processing a buy order from Us$ 70 down in median to Us$ 6 only. Sales and keep costs Automated sales and buyer keep features integrated in the clarification is capable of reducing overhead costs up to 30 percent. Inventory retention costs Clearer visibility and forecasting quality thanks to various features of the B2B portal may help fellowships considerably reduce list retention costs. Other key benefits include: Low buyer acquisition cost Effective portal branding on the Internet will help to attract customers from new sources. The cost of acquiring customers through online channels is all the time cheaper than other traditional methods. Improve buyer service Ability to have constant interaction with customers through the B2B portal helps fellowships serve customers better. The B2B portal clarification allows tracking the whole ordering process from payment to delivery and brings greater efficiency in buyer service. Reduce sourcing time cycle The customers can agree products from the integrated marketplace of the B2B portal and whether sends buy orders or directly buy products using the shopping cart. Buyers handle all their procurement connected correspondence from a consolidated working page, which helps them react right away and reduce time in document processing. Community participation Company buyers and sellers can originate communities surrounding the B2B portal's seminar board. This helps getting primary feedbacks on time, building new partnerships using the networking quality of a community, and disseminating foremost facts to members easily. Real time access to current product information Current facts of a product is vital for an definite buying decision. Updating product content and other facts using customized forms as it is necessary, the business can help buyers and other associates to take primary decision promptly. Control rogue spending Consolidated and self-operating procurement and approval formula stops maverick buying in a company. Main components of a B2B portal Supply Chain Management Supply chain administration solutions can deliver great values to company's existing systems. Implementation of these solutions will help achieving incredibly high return on venture and will have broad impact on company's business, which include: good productivity, faster order processing, greater visibility, the elimination of maverick or unplanned purchasing, etc. Marketplace This is the venue where the enterprises can post their products for sale. A sophisticated shopping cart will be integrated into the electronic marketplace in order to automate the buying process. Auction Electronic auction law can use both English and Dutch auction methods. For convenience the auction component can be integrated into the electronic marketplace. Online auction helps liquidate surplus goods easily. Reverse Auction This clarification allows the business to automate electronic procurement, where suppliers compete for business real time online. Storefront for Participants Each connect of the B2B portal will get a Storefront that may reflect profile of the company, its products, services or other information. Forum A Forum or a seminar Board is an organized, on-line interactive message board where participants escort seminar on a set of topics by posting questions, comments and responses. Internal Messaging System Elaborate Messaging law allows a participant of the B2B portal send and receive messages from other participants and the company. Since the messages do not leave a secured server, participants would not be worried about sending sensitive facts over the Internet. Classified Catalog based bulletin board allows business associates to post foremost notices in various predefined formats. Directory of Companies This is a listing of all registered associates of the B2B portal whether by business category or by alphabetical order. An industrialized crusade machine tool is incorporated in order to find a business based on data provided. E-catalog E-catalog -- a hierarchy of product and aid categories based on Unspcs, a global products and services classification formula that covers the broadest variety of industries and commodities available today, and designed to facilitate e-commerce transactions by providing geography-independent base nomenclature system. Product content Adding System Product adding mechanism based on whether easy-to-use wizard or simple but information forms allows users to consolidate products or services with definite and new information. Product Notification The law can originate an alert and send by email to a user, who requested to acquaint once a singular product or aid gets added to the E-catalog. Numerous other features could be incorporated to an existing B2B portal depending on requirement, such as: News Aggregation using Rss feed, experience Management, Electronic Journal, Press Room, Document Repository, etc. Time needed to set up Using ready made B2B Portal components from a victualer like Rusbiz.com a medium size portal can be built or integrated to existing website within three to four months. By developing a B2B portal ahead of your major competitors you can give your business a primary boost and make your business stand out from the crowd. B2B Portal: A firm Platform to extreme Productivity correction