E-commerce Application

E-commerce Application means other forms of electronic communication

What is e-commerce?

E-commerce not necessarily means conducting commerce through the Internet alone, but also means other forms of electronic communication. Actually, the roots of e-commerce lie not in the Internet, but in other forms of electronic communication.

Technologies like Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) predate the advent of e-commerce using the Internet and put the foundations for the growth of e-commerce we see today. The point here is that these older and high-powered technologies have been used to connect one business house to one another business.

The protocols used for communication between the business houses were point-to-point. But the recent advances accomplished in e-commerce allows for a one-to many or many-to-many approach and thus help to expand greatly any single business to any number of businesses throughout the world.

Advantages

  1. Using E-Commerce, organization can expand their market to national and international markets with minimum capital investment. An organization can easily locate more customers, best suppliers and suitable business partners across the globe.
  2. E-Commerce helps organization to reduce the cost to create process, distribute, retrieve and manage the paper based information by digitizing the information
  3. E-commerce improves the brand image of the company.
  4. E-commerce helps organization to provide better customer services.
  5. E-commerce helps to simplify the business processes and make them faster and efficient.
  6. E-commerce reduces paper work a lot.
  7. E-Commerce increased the productivity of the organization. It supports "pull" type supply management. In "pull" type supply management, a business process starts when a request comes from a customer and it uses just-in-time manufacturing way.
  1. 24x7 support. Customer can do transactions for the product or enquiry about any product/services provided by a company any time, any where from any location. Here 24x7 refers to 24 hours of each seven days of a week.
  2. E-Commerce application provides user more options and quicker delivery of products.
  3. E-Commerce application provides user more options to compare and select the cheaper and better option.
  4. A customer can put review comments about a product and can see what others are buying or see the review comments of other customers before making a final buy.
  5. E-Commerce provides option of virtual auctions.
  6. Readily available information. A customer can see the relevant detailed information within seconds rather than waiting for days or weeks.
  7. E-Commerce increases competition among the organizations and as result organizations provides substantial discounts to customers.
  1. Customers need not to travel to shop a product thus less traffic on road and low air pollution.
  2. E-Commerce helps reducing cost of products so less affluent people can also afford the products.
  3. E-Commerce has enabled access to services and products to rural areas as well which are otherwise not available to them.
  4. E-Commerce helps government to deliver public services like health care, education, social services at reduced cost and in improved way.

Importance of E-Commerce

  • Exploitation of New Business
  • Enabling the Customers
  • Improvement of Business Transaction
  • Effective Performance
  • Greater Economic Efficiency
  • Execution of Information
  • Incorporating Transaction
  • Increasing of Revenue
  • Reduction of Friction
  • Effective Performance
  • Facilitating of Network Form
  • Facilitating for Organizational Model

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