Find business technology-improve buyer-seller relationships

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Reference no: EM131459407

Question: Name four technologies businesses can use to improve buyer-seller relationships in B2B markets. The use of electronic data interchanges allows firms to reduce costs and improve efficiency and competitiveness. Web services provide a way for companies to communicate even if they are not running the same or compatible software, hardware, databases, or network platforms. In a vendormanaged inventory (VMI) system, sellers can automatically restock to previously requested levels. The collaborative planning, forecasting, and replenishment (CPFaR) approach bases plans and forecasts on collaborative seller-vendor efforts.

Reference no: EM131459407

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