Difference Between Electronic Market And Ios
IOS | E-Market | |
1 | IOS may use private or publicly accessible network. | E-Market may use publicly accessible network. |
2 | Customer supplier relationship is determined in advance. It is expected that it is ongoing relationship for multiple transaction. | Two types of relationship (i) Customer to seller linkage is established at time of transaction for one time only. (ii) Customer seller linkage is established for a fixed time period. |
3 | Agreements on nature and format of business document. | Sellers market maker determine which transaction they will provide. |
4 | Advance arrangements are made so that both parties know which communication network will be used for system | Customer and seller independently determine which communication network they will use. |
5 | Joint guidelines are formulated so that each party will know how system is used. | No joint guideline are formulated in advance. |
