ELI5: Explain Like I'm 5

Business-to-business electronic commerce

Business-to-business electronic commerce, or B2B e-commerce, is when companies use the internet to buy and sell goods and services to other companies. It's like when you trade toys with your friends, but instead of toys, grown-up companies are trading products or services.

For example, let's say a company that makes shoes needs materials to create more shoes. Instead of going to a store to buy the materials, they can search for suppliers online and place an order electronically. The supplier can then send the materials directly to the shoe company's factory.

This kind of e-commerce can happen on special websites or online marketplaces where businesses can register and create a profile to show what they sell. These websites might also offer features like messaging and payment systems, so both companies can communicate and exchange money electronically.

Overall, B2B e-commerce helps businesses save time and money by making it easier to find and buy what they need, without having to leave their desks or pick up the phone.