Collaborative Commerce

Business growth on the Internet is becoming more and more quick. The collaborative nature of trade is one example of its evolution (c-commerce). C-commerce is a term that describes a variety of online activities and interactions aimed at the same end result. As part of the c-commerce process organizations collaborate to plan, develop, construct, organize, investigate and also perform new business operations. There are a variety of tools and media that may be used to communicate, share information and cooperate in a c-commerce environment such as groupware; blogs; wikis; as well as solutions particularly built to collaborate in c-commerce, such as the collaborative hub (c-hub). There are various advantages to c-commerce cooperation in supply chain systems, such as reduced costs, improved income and less delays in the transfer of items, as well as more urgent orders and less depleted inventory.

The elements of c-commerce might change based on the circumstances. Many c-commerce transactions include manufacturers working with third-party vendors such as suppliers, designers, and other companies. In addition, the company collaborates with both customers and the government on a regular basis. Internal and external data may be accessed via the visualization portal to aid in the cooperation process. As well as, the design of products and services is followed by a cyclical process in which engagement with business partners is the first step before visibility and demand forecasting, and finally by decision strategy formulation, before the original process is repeated. Manufacturers, retailers, engineers, and marketers are just some of the individuals engaged in this process, but there are also suppliers, governments, and customers

Turban, E., Outland, J., King, D., Lee, J. K., Liang, T. P., & Turban, D. C. (2017). Electronic commerce 2018: a managerial and social networks perspective. Springer