(Cost management and technology) Many finns now engage in some form of B2B Internet-based commerce. A specific type is B2B buy-side, which is In¬ ternet technology that allows firms to solicit bids on inputs that the firms re¬ quire to support production, sales, and administration. Interested and qualified vendors can view the bid specifications and then electronically sub¬ mit offers to sell the firms the needed inputs. Search the Internet to learn about B2B buy-side systems, and then discuss how a small firm could use a B2B buy-side system to reduce its supply chain costs.

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