Abstract:
This paper talks about the purchasing and trading activities with the use of electronic technology and creating equal opportunities for producers and marketers and providing additional services by the organization of calculations and reducing the chain of intermediaries. This article explains various conceptual aspects of the development of information
[...] Load More and communicative space of the oil industry’s different e-commerce enterprises based on the varying market transactions on the basis of electronic trading platforms. It has been demonstrated that the e-trading platforms provide extra benefits related to the simplification of the processes for the tenders’ participation to track the status of the parties’ relationship to the risk deduction and transaction, concerning the speculators’ control on prices. A scheme of participant interactions with the e-trading platforms at different stages of purchase, sale, and transactions has been developed by the authors. The decisions of problems of the internal business procedure management on behalf of electronic trading platforms are provided based on the Directum and Microsoft Dynamics NAV. The data exchange management in the Directum and Microsoft Dynamics is put forward on the basis of XML use. Findings showed that usage of the electronic trading platforms in the oil sectors tends to have a great contribution in the formation as well as the implementation of the unified policy in various spheres, including order placement; in addition, it enhances the interactions’ efficiency of the oil firms with the external environment.
Keywords: electronic commerce, trade and purchasing activities, oil industry, electronic trading platform.
Journal title: available for those who has paid.
Region of the journal publication: Europe.
Scientific field: Business, Management and Accounting, Computer Science.
Indexing of the journal: Scopus Q1-2; WoS (Social Sciences Citation Index).