Technological segment
Organizations are rapidly trying to incorporate the Internet into their supply chain practices. Global competitive pressure
And heightened share holder expectations have accelerated the rate of Internet adoption. Electronic markets are websites where buyers and sellers converge to advertise, bid for products in auction, post catalogue information procure inventory and manage inventory procurement of industry specific products such as paper, metal, chemicals, agriculture and industries. These market act as hubs where buyers can procure direct goods and suppliers can market their products.