Collaborative commerce model using shared product taxonomy

Abstract

In this paper, we present a similar product matching algorithm for the collaborative global sales and delivery model that share the product taxonomy table and have exchangeable products information. The collaborative companies can integrate their business processes for sales and delivery using the shared product taxonomy table. To implement the business model, a product matching algorithm is suggested to compose the shared product taxonomy table. Using the algorithm we can get specification values of two companies' products within a same category and find matching products with the similar utility values. The main idea of the proposed algorithm is to find the utility range of products in a product class of the companies and register them as exchangeable similar products. The collaborative global sales and delivery process is implemented by collectively classifying shared products of trading partners into similar product sub-classes based on their specification values. This model helps local companies to perform a collaborative strategy of performing vicarious delivery transaction for ordered goods at another area.