Write notes on the following: Characteristics of B2B e-commerce

B2B (Business-to-Business) means an established working relationship between two Businesses. The essential characteristics of B2B e-commerce are: It requires two or more business entities interacting with each other directly or through an intermediary. The intermediaries in B2B may be market makers and directory service providers that assist in matching buyers and sellers and striking a deal. The business application of B2B electronic commerce can be utilized to facilitate almost all facets of interactions among organizations, such as Inventory Management, Channel Management, Distribution Management, Order fulfillment and delivery, and payment management. B2B electronic commerce can be Supplier-Centric, Buyer-centric, or Intermediary-centric.