Internet-based meta-enterprise information system that allows participating firms (B-to-B) to interact and to accomplish one or more of the following market-making activities/transactions: identifying potential trading partners, facilitating the exchange of information, goods, services, and payments and providing an infrastructure that enables an efficient functioning of the market.
Published in Chapter:
E-Markets as Meta-Enterprise Information e Systems
Martin Grieger (Accenture, Germany), Evi Hartmann (SMI Supply Management Institute, Germany), and Herbert Kotzab (Copenhagen Business School, Denmark)
Copyright: © 2008
|Pages: 9
DOI: 10.4018/978-1-59904-885-7.ch063
Abstract
Electronic marketplaces are inter-organizational information sharing systems that enable virtual business transactions and allow the exchange of price and product information between buyers and sellers (Kollmann, 2000). For many decades, such information systems were solely utilized for buying and selling of goods under “market conditions.” With the emergence of advanced IT, academia, and also businesses have begun to use electronic marketplaces for information sharing system and it is no longer only a medium for electronic buying and selling processes. In addition, electronic marketplaces are predicted to be a key-stone for integrating the information flows within inter-organizational systems such as supply chains (Grieger, 2004) where borderless organizational structures occur (see Picot, Reichwald, R., Wigand, 2001).