Unlike traditional, monolithic organisations, the virtual enterprise consists of autonomous units bound together by contractual relationships. The composition of a virtual enterprise can change from project to project, as trading partners are integrated or dropped. The whole set-up is designed to be efficient, responsive and transparently manageable. The virtual enterprise is the culmination of three separate developments. The benefits of e-trade include direct cost reductions, improved accuracy and faster turnaround times.
Electronic trading is an enabler for change within the organisation.
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