Realizing a new e‐commerce tool for formation of a virtual enterprise

This paper presents a methodology for the development of a new tool for the formation of a virtual enterprise. The formation phase mainly deals with inviting potential collaborators to virtual enterprise, and developing a supply chain; supply chain development is done collaboratively by all the collaborating enterprises. The methodology for realizing a new e‐commerce tool is primarily aimed at satisfying the needs of small‐to‐medium‐sized enterprises, and has the following features: Web‐based; inexpensive; supports collaboration; and increases pipeline visibility and demand visibility.