E-commerce is the process of selling, and buying services and products using the internet. Furthermore, it is the process companies utilize to conduct online transactions. However, first, the company must have an effective e-commerce strategy to satisfy the needs of its business and customers. With this aim in mind, companies create an e-commerce platform that has a substantial effect on the profitability of the company. Particularly so, for a company that also has a large global presence. Thus,…
could easily achieve the consumer’s trust and attract potential new consumers from online environment. E-commerce has also impacted on supply chain management of traditional commerce. By using e-supply chain, it could increase the efficiency of the business in many factors relating to cost and time such as improving efficiency of individual processes that means when the organization use the method of e-procurement that possibly will decrease cycle time and cost per order. Plus, that could lessen…
BETWEEN E-COMMERCE AND E-BUSINESS E -business and e-commerce are terms that are sometimes used interchangeably, and sometimes they are used to differentiate one vendor 's product from other. But the terms are different, and that difference matters to companies. In both cases, the e stands for "electronic networks" and describes the application of electronic network technology - including Internet and electronic data interchange (EDI) - to improve and change business processes. E-commerce…
The rapid growth of the internet and the constant innovation in technology, lead to contribute to the growth of online marketplaces. In this modern world, where everything is digitized, there are numerous online e-commerce portals offering various products. In the present era, e-commerce industry shows a rapid growth and is one of the booming industry. With one of the fastest growing industry, there are thousands of sellers which offer the numerous industrial spare and parts online. According to…
The use of E-Commerce has increased in previous years due to faster and cheaper ways, to purchase goods and services online. According to the Merriam-Webster dictionary, E-Commerce is “activities that communicate with the buying and selling of goods and services over the Internet.” This innovation has changed the way businesses reach customers without leaving their houses. Now, it’s much easier to order a book online through Amazon rather than purchase in a local bookstore. Because it requires…
world from small business to large business. It is astonishing growth that can one image. E-commerce represented many ways to improve business, and to show totally modernized way to do business in market, include all type of opportunities such as, marketing, sale, new prospective to business on web side. If I take you 5 years back, retail business was more on floor many people didn’t have visibility with E-commerce and take huge effort and time to look and search for store to find out specific…
Social Implications Of E-Commerce On Society Social implications of e-commerce means how the invention of e-commerce has affected society as a whole since online shopping was introduced. The implications vary in the good and the bad, I will be discussing the advantages and disadvantages in this document. Changing customers perspective Now that online shopping and delivery has been introduced into society it provides added value to customers because it gives the public the chance to shop from…
The internet has made e-commerce, relatively new but growing rapidly, a new avenue of sales potential. Every internet user is a potential customer (Holden, Belew, Elad, Rich, & Gulbrandsen, 2008). Like other major retailers, Sears has both physical and e-commerce storefronts. Starting out in the 1880’s as a mail order catalog company, it expanded to retail stores in 1925, and moved into department store formats as early as 1934 ("A Narrative History," n.d.) As in-store sale slow, it is…
Amazon.com is an e-commerce company, based in Seattle, Washington (USA). Although the company began selling books, now actually markets a wide range of products, including music, video, clothing, toys, jewelry, electronics and more. Besides operating in the United States, it has websites in other markets Canada, France, Germany, Japan and the UK. It has about 26 million customers and is part of the Fortune 500 (Bezos et al: 2000). Its nature as part of the book distribution industry changed…
Explain the impact of introducing an e-commerce system to an organisation. There are many benefits and drawbacks of introducing E-Commerce to a company. Doesn’t Cost A lot - It doesn’t cost a lot of money to start up a website and have someone to create it; this is because it is a lot cheaper than having a real shop to look after and have to pay rent for. It makes it easier to have control over when it is online and you have more chance of creating a profit. Global Access - Having an online…