{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2022,5,5]],"date-time":"2022-05-05T20:41:55Z","timestamp":1651783315058},"reference-count":42,"publisher":"IGI Global","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"published-print":{"date-parts":[[2019,10]]},"abstract":"<jats:p>As organizations embrace globalization, procurement must assess international supply markets and secure partnerships with key suppliers from all over the world. In fact, as local companies continue to expand their operations internationally, they remain bound to local financial institutions and their fees. This article proposes a model aimed at minimizing transaction fees by introducing an architecture and a prototype enabling \u201clow-fee\u201d transaction processing between customers and suppliers across the entire supply chain. The notion of web services is proposed as a communications method to open up options to new and international financial institutions. Vendors can now negotiate fees with financial institutions from all over the world. Both the literature review and the prototype clearly demonstrate that a more efficient and cost-effective solution and technology is on the horizon to support globalization and minimize supply chain transaction costs.<\/jats:p>","DOI":"10.4018\/ijoci.2019100102","type":"journal-article","created":{"date-parts":[[2019,8,23]],"date-time":"2019-08-23T13:54:36Z","timestamp":1566568476000},"page":"18-36","source":"Crossref","is-referenced-by-count":0,"title":["Architecture for the Payment of Suppliers in the Supply Chain Through Web Services"],"prefix":"10.4018","volume":"9","author":[{"given":"Sherif","family":"Barrad","sequence":"first","affiliation":[{"name":"MIT, Cambridge, USA"}]},{"given":"Raul","family":"Valverde","sequence":"additional","affiliation":[{"name":"Concordia University, Montreal, Canada and CONAIC, Mexico"}]}],"member":"2432","reference":[{"issue":"6","key":"IJOCI.2019100102-0","first-page":"532","article-title":"XML Access Control: Mapping XACML Policies to Relational Database Tables.","volume":"11","author":"A. A.Abd El-Aziz","year":"2014","journal-title":"The International Arab Journal of Information Technology"},{"key":"IJOCI.2019100102-1","doi-asserted-by":"publisher","DOI":"10.1016\/j.compind.2018.12.017"},{"key":"IJOCI.2019100102-2","doi-asserted-by":"crossref","unstructured":"Av\u00e9dissian, A., Valverde, R. & Barrad, S. (2015), An Extension Proposition for the Agent-Based Language Modeling Ontology for the Representation of Supply Chain Integrated Business Processes, WSEAS Transactions on Business and Economics,12.","DOI":"10.1016\/j.ifacol.2015.06.357"},{"key":"IJOCI.2019100102-3","first-page":"186","article-title":"Mitigating Supply Chain Risks by Evaluating Supplier Bankruptcy Probabilities Through Web Services and the Black-Scholes-Merton Model.","volume":"12","author":"S.Barrad","year":"2015","journal-title":"WSEAS Transactions on Information Science and Applications"},{"key":"IJOCI.2019100102-4","doi-asserted-by":"crossref","unstructured":"Bertsekas, D. P., Castanon, D., Tskanakis, H. (1992), \u201cReverse auction and the solution of inequality constrained assignment problems\u201d, SIAM Journal on Optimization, 01\/1992; 3(2)","DOI":"10.1137\/0803013"},{"key":"IJOCI.2019100102-5","first-page":"122","article-title":"The systems development or engineering approach to research in information systems: an action research perspective","author":"F.Burstein","year":"1999","journal-title":"Proceedings of the 10th Australasian Conference on Information Systems"},{"key":"IJOCI.2019100102-6","unstructured":"Chaffey, D. (2002). E-Business and E-Commerce Management, Strategy, Implementation and Practice. Prentice Hall, Financial Times, Pearson Education Limited."},{"issue":"3","key":"IJOCI.2019100102-7","first-page":"2978","article-title":"Auction based mechanisms for electronic procurement","volume":"4","author":"T. S.Chandrasekhar","year":"2007","journal-title":"IEEE Transactions on Automation Science and Engineering"},{"key":"IJOCI.2019100102-8","doi-asserted-by":"publisher","DOI":"10.1016\/j.future.2013.12.028"},{"key":"IJOCI.2019100102-9","doi-asserted-by":"publisher","DOI":"10.1016\/j.future.2015.09.031"},{"key":"IJOCI.2019100102-10","doi-asserted-by":"publisher","DOI":"10.1007\/s10723-017-9393-3"},{"key":"IJOCI.2019100102-11","unstructured":"Cohen, J., Lee, W., & Darlington, J. (2005). Payment and Negotiation for the Next Generation Grid. In UK e-Science All Hands Meeting 2005, Nottingham, UK, September 19-22."},{"key":"IJOCI.2019100102-12","unstructured":"Concord. (2009) product information EFSnet. Retrieved from http:\/\/interchange.rtfm.info\/icdocs\/payments\/EFSNet.html"},{"key":"IJOCI.2019100102-13","doi-asserted-by":"publisher","DOI":"10.1016\/j.elerap.2007.02.001"},{"key":"IJOCI.2019100102-14","doi-asserted-by":"publisher","DOI":"10.1016\/S0969-7012(01)00015-6"},{"key":"IJOCI.2019100102-15","unstructured":"DNB. de Nederlandsche Bank, National Bank Netherlands, available on Internet: (Dutch \/ English). (n.d.). Retrieved from http:\/\/www.dnb.nl\/en\/about-dnb\/index.jsp"},{"key":"IJOCI.2019100102-16"},{"key":"IJOCI.2019100102-17","author":"D.Forgarty","year":"1991","journal-title":"Production and Inventory Management"},{"key":"IJOCI.2019100102-18","doi-asserted-by":"crossref","unstructured":"Goethals, F. (2004). An Overview of Enterprise Architecture Framework Deliverables, a study of existing literature on architectures. SAP-leerstoel. Retrieved from http:\/\/www.econ.kuleuven.ac.be\/leerstoel\/sap\/downloads\/Goethals%20Overview%20existing%20frameworks.pdf","DOI":"10.2139\/ssrn.870207"},{"key":"IJOCI.2019100102-19","doi-asserted-by":"publisher","DOI":"10.1006\/ijhc.2000.0392"},{"key":"IJOCI.2019100102-20","unstructured":"IEEE. (2000). IEEE1471 IEEE Recommended Practice for Architectural Description of Software-Intensive Systems, Software Engineering Standards Committee of the IEEE Computer Society."},{"key":"IJOCI.2019100102-21","author":"R.Kalakota","year":"2001","journal-title":"E-business 2.0: Roadmap for success"},{"key":"IJOCI.2019100102-22","unstructured":"Killen & Associates (2002). Optimizing the Financial Supply Chain: How CFO of Global Enterprises are Succeeding by Substituting Information for Working Capital. Killen and Associates."},{"key":"IJOCI.2019100102-23","article-title":"A Web Application Architecture Framework","author":"X.Kong","year":"2004","journal-title":"The Tenth Australian World Wide Web Conference"},{"key":"IJOCI.2019100102-24","doi-asserted-by":"publisher","DOI":"10.3844\/ajassp.2014.1507.1518"},{"key":"IJOCI.2019100102-25","doi-asserted-by":"crossref","unstructured":"Lamoureux, J. F., & Evans, T. (2011). Supply Chain Finance: A New Means to Support the Competitiveness and Resilience of Global Value Chains. Export Development, Canada. Retrieved from http:\/\/www.international.gc.ca\/economist-economiste\/assets\/pdfs\/research\/TPR_2011_GVC\/12_Lamoureux_and_Evans_e_FINAL.pdf","DOI":"10.2139\/ssrn.2179944"},{"key":"IJOCI.2019100102-26","doi-asserted-by":"publisher","DOI":"10.4028\/www.scientific.net\/AMM.687-691.1716"},{"key":"IJOCI.2019100102-27","unstructured":"Lowe, D. B., & Eklund, J. (2002). Client needs and the design process in web projects\u201d University of Technology, Sydney. Journal of Web Engineering, 1(1). http:\/\/services.eng.uts.edu.au\/~xiaoying\/capstone\/readings\/DavidLowe_JWE_Paper_WebProcess.pdf"},{"key":"IJOCI.2019100102-28","unstructured":"Munck, S., Stroeken, J., & Hawkins, R. (2001). TNO is a knowledge organisation for companies, government bodies and public organisations: E-commerce in the banking sector. TNO report."},{"key":"IJOCI.2019100102-29","article-title":"An Analysis of Inter-organisational Relationships During the Phases of Electronic Procurement","volume":"12","author":"T.Nagle","year":"2009","journal-title":"Information Resources Management Journal"},{"key":"IJOCI.2019100102-30","doi-asserted-by":"publisher","DOI":"10.1080\/07421222.1990.11517898"},{"key":"IJOCI.2019100102-31"},{"key":"IJOCI.2019100102-32","unstructured":"Popa, V. (2013). The Financial Supply Chain Management: a New Solution for Supply Chain Resilience. The Amfiteatru Economic journal, 15(33), 140-153."},{"issue":"8","key":"IJOCI.2019100102-33","first-page":"376","article-title":"An RFID based E-commerce solution for the implementation of secure unattended stores","volume":"2","author":"A.Rathore","year":"2011","journal-title":"Journal of Emerging Trends in Computing and Information Sciences"},{"key":"IJOCI.2019100102-34","doi-asserted-by":"publisher","DOI":"10.5539\/cis.v6n3p1"},{"key":"IJOCI.2019100102-35","unstructured":"Society for Worldwide Interbank Financial Telecommunication (SWIFT). (n.d.). Retrieved from http:\/\/www.swift.com\/"},{"key":"IJOCI.2019100102-36","unstructured":"TOGAF. (2009). Other Architectures and Architectural Frameworks. Retrieved from http:\/\/www.opengroup.org\/architecture\/togaf7-doc\/arch\/p4\/others\/others.htm#CORBA"},{"key":"IJOCI.2019100102-37","unstructured":"Valverde, R., (2015). An Insurance Model for the Protection of Corporations against the Bankruptcy of Suppliers. European Journal of Economics, Finance and Administrative Sciences, 76(1)."},{"key":"IJOCI.2019100102-38","doi-asserted-by":"publisher","DOI":"10.4067\/S0718-18762015000100007"},{"key":"IJOCI.2019100102-39","unstructured":"WAAF. (2004). Web Application Architecture Framework. Retrieved from http:\/\/ausweb.scu.edu.au\/aw04\/papers\/refereed\/kong\/paper.html"},{"key":"IJOCI.2019100102-40","unstructured":"Whitely, D. (2000). e-Commerce: Strategy, Technologies and Applications. Berkshire: McGraw-Hill Publishing Company."},{"issue":"2","key":"IJOCI.2019100102-41","first-page":"4","article-title":"What does it cost to make a payment?","volume":"2","author":"M.Willenson","year":"2003","journal-title":"Review of Network Economics"}],"container-title":["International Journal of Organizational and Collective Intelligence"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/www.igi-global.com\/viewtitle.aspx?TitleId=236098","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2022,5,5]],"date-time":"2022-05-05T20:13:13Z","timestamp":1651781593000},"score":1,"resource":{"primary":{"URL":"http:\/\/services.igi-global.com\/resolvedoi\/resolve.aspx?doi=10.4018\/IJOCI.2019100102"}},"subtitle":[""],"short-title":[],"issued":{"date-parts":[[2019,10]]},"references-count":42,"journal-issue":{"issue":"4"},"URL":"https:\/\/doi.org\/10.4018\/ijoci.2019100102","relation":{},"ISSN":["1947-9344","1947-9352"],"issn-type":[{"value":"1947-9344","type":"print"},{"value":"1947-9352","type":"electronic"}],"subject":[],"published":{"date-parts":[[2019,10]]}}}