Trade portals or worldwide e-marketplaces are broadly divided based on the nature of business models. According to the mode of operation, B2B trade portals are classified as:

Buyer-oriented

Buyer-oriented B2B trade exchanges are operated by a community of buyers that are wanting to support an effective buying method. For buyers,this atmosphere helps to obtain the ideal pricing for goods from sellers as well as lowering the administration cost. However, suppliers can advertise their catalog to target possible customers.

Supplier-oriented

Supplier-oriented e-marketplaces are also referred to as supplier directories. These variety of trade exchanges are managed by suppliers that are seeking to produce an internet sales channel for potential purchasers. They supply sellers with higher visibility in the marketplace, which assists in attracting much more leads. Purchasers also benefit from supplier directories by getting access to data on profiles of suppliers and relative goods and solutions. In addition, merchandise and services may be searched conveniently.

Independent or third-party

Independent or third-party trade exchanges are operated and managed by a third-party that provides a prevalent online B2B platform to buyers and sellers. Registered members of independent e-marketplaces can access show advertisements, quotation requests, or bids pertaining to their industry field.

Vertical trade portals

Vertical trade exchanges link each and every sector in the supply-chain of a certain industry. Trading on vertical trade portals enhances operating efficiency and correctly reduces intermediary provide chain charges. In addition, additionally, it saves considerable course of action cycle time.

Horizontal trade portals

Horizontal trade portals connect buyers and sellers of many industries across the globe. These sort of portals are like massive open markets exactly where people today can acquire or sell to prospective leads.