According to some estimates, the volume of electronic commerce transactions exceeds $4.9 trillion worldwide in 2021. This figure is expected to grow by 50 percent over the nest five years. Business to business (B2B) transactions account for almost half of this amount. Successful companies have begun to focus on offering online delivery services and collaborating with suppliers to reduce costs, increase speed, and improve quality.
a) Pick a company by using Internet resources and discuss how it collaborates with key suppliers to reduce cost.
b) Discuss how your selected company managed such processes during and after the Covid period and how it affected their cost of products.
c) Discuss how management accounting information can play a role in electronic commerce transactions.