A Component-based Approach to Realize Order Placement and Processing in MSMEs

Abstract

Micro, Small and Medium scale Enterprises (MSMEs) hold an unfailing distinction of being pillars of equitable economic growth. Lack of proper business platforms and knowledge of marketing strategies render MSMEs vulnerable to middlemen exploitation. In view of the advancements and customers� growth in the telecommunications field, we utilize the mobile platform to offer trading solutions to MSMEs. In this paper, we propose a mobile phone-based Order Placement and Processing components for MSMEs that can achieve disintermediation and is developed as an android application integrated with cloud services to provide easy access - anytime, anywhere. Our proposed component-based framework encompasses essential trading operations and extends 24 x 7 supports to MSMEs. An economic order calculator and order parallelizer sub-components helps limited budget MSMEs with small warehouse to survive the market by efficiently managing the warehouse, scheduling payments and parallelizing the order depending on its requirements. The other two sub-components custom specific negotiator and effective Order tracker helps in customizing the product and keeps track of the parallelized order respectively, thus assisting buyers in tracking their order to give an end-to-end solution. The envisioned framework will boost MSME margins, build healthy business-ties and transform MSMEs into self-sufficient establishments equipped with full-fledged trading systems that operate in mobile distributed environment.