B2B IN BRIEF
E-commerce is the buying and selling of products or services over the Internet, including business-to-business (B2B). Oracle B2B is an e-commerce gateway that permits the secure and reliable exchange of enterprise documents between an organization and its trading partners. Oracle B2B helps business-to-business document standards, security, transports, industry-tempered messaging services, and trading associate management. It requires a unified business method platform, end-to-end instance tracking, visibility and auditing, integrated process intelligence, process and service governance, and centralized security. With Oracle B2B used as a binding component within an Oracle SOA Suite composite application, end-to-end business processes can be implemented. Oracle B2B additionally supports Health Level 7, which allows health care systems to communicate with each other. You can think of an e-commerce transaction between corporations as analogous to a mail or express carrier (shipping) transaction. In both types of transactions, the sender needs to consider the details required for packaging and sending an item, and the receiver’s requirements.
Oracle B2B helps numerous industry-standard e-commerce protocols, as defined for a range of industries, which includes health care, retail, IT, telecom, electronics, manufacturing, the food industry, and more. It leverages the security features of Oracle Platform Security Services, a comprehensive security platform framework. Oracle Platform Security Service supports:
- Authentication
- Identity assertion and management
- Authorization
- The specification and management of application-specific policies
- Credential and key store management through the Credential Store Framework
- Auditing
- Role administration, and role and credential mappings
- The User and Role API
- Single sign-on solutions
- Security configuration and management
- Cryptography
Oracle SOA Architecture in Oracle B2B Training:
A Service-Oriented Architecture known as SOA in internet application organization is an architectural design where services are delivered to the further modules by application components, complete a communication protocol over a system. Oracle SOA is a part of Oracle Fusion Middleware Tools, and there are different products also inside Oracle Fusion Middleware.
- SOA is an IT architecture primarily based on the delivery of re-usable and well-defined business service.
- That is underpinned through IT components in such a way that the providers and the consumers of the business services are loosely coupled.
- It presents platform independence, enabling components to be implemented in different platforms, technologies, and languages.
- This gives great flexibility for assembling new solutions from existing IT components regardless of where they reside or how they are created.
- SOA is not a technology, it is a method to software design that entails assembling systems from reusable elements or services, that may also originate from different sources and underlying technology environments.
- This level of SOA is often associated with web services.
- The web services address only the low-level interaction between services.
- The services do not address the grandeur architectural and design philosophies of SOA
- SOA is a solution for making software communicate with each other.
LATEST B2B TRENDS
Oracle Data Cloud launched a new SMB data solution that helps B2B entrepreneurs reach over 115 million IDs at more than 1.5 million small and mid-sized businesses (SMBs) with effective digital campaigns. Using Oracle Data Cloud’s (ODC) SMB solution, B2B marketers can build digital audiences to match their marketing desires and business needs, based on criteria ranging from the number of employees to financial risk profiles, growth patterns, accepted payments, e-commerce capabilities, and previous purchases.
Oracle’s SMB solution is designed to meet the desires of B2B marketers in major industries, which includes retail, automotive, consumer packaged goods, financial services, technology, telecommunications, and manufacturing. The basis for Oracle Data Cloud’s new SMB solution is its present B2B audience marketplace, the industry’s largest source of B2B data. Also, it makes use of the Oracle ID Graph, a unified identity platform, to help make programmatic and data-driven B2B marketing easier.
FUTURE OF B2B AND ITS OPPORTUNITIES
Business-to-business (B2B) e-commerce helps companies reduce costs and enhance efficiency via automating labor-intensive and manual processes and imparting customer self-service options. According to B2B client surveys, E-Commerce marketplaces are the top channels used for corporate purchasing. As these platforms proceed to attract more B2B companies, their GMV is projected to expand through 2024, developing faster than overall B2B E-Commerce sales. As a result, B2B E-Commerce marketplaces are expected to increase their market share by an aspect of four between 2018 and 2024. The global business-to-business e-commerce market size is estimated to attain USD 20.9 trillion by 2027, expanding at a CAGR of 17.5% during the forecast period. Moreover, B2B e-commerce platforms automate trading methods and increase opportunities for businesses to collaborate with suppliers and distributors.
Gologica’s Oracle B2B online training provides hands-on experience in developing Oracle B2B transactions using Oracle SOA Suite Composite Application. It gives in-detailed information on the integral concepts and features of Oracle B2B, Oracle B2B Document Editor, trading partner management, etc. Training is in every aspect we explained based on real-time scenarios, it works which we do in companies. Obtain all the online training by our expert professionals which are having working experience from Top IT companies.
