Basic Understanding of E-Commerce

Simply put, E Commerce is the "use of enterprise platform". Also called "virtual market". Every minute millions of people from all over the world log on to the Internet for information, products, services, news search, music downloads, online shopping, and so on. Everyone searches for something they want to buy or buy online rather than having to do something physical. Imagine what this means for business organizations. If they are able to identify and reach individual users with a particular need or desire, they have a ready-to-wait customer.

One may wonder whether it is the Internet community or technology that paves the way for e-commerce. The answer is that both of these factors drive e-commerce. Technological developments provide the backbone of business transactions, and the increasing volume of online users offers the potential for growth in e-commerce and markets.

E Commerce features Business to Business and Business for customer business models. We are very familiar with business model to customers in banking; insurance as well as online shopping, online booking and others that have become very popular and acceptable modes in our daily lives.
 On front B to B also, businesses have redesigned their business processes including advertising and marketing, sales order management along with supply chain management and customer relationship management tailored to the e-commerce pattern. Dell has successfully adapted the "online sale" model on a global scale.
Allows customers to "configure the form" and "order online". Once the transaction is successfully executed and payment is received, Dell executes the order and ensures delivery of DELL products to the customer's door within seven business days. DELL has not only successfully used E Commerce as its main sales channel, but in the background has built a "built-to-order" process where it is assembled in the computer against the specific client's request and delivered to the client. By integrating E Commerce and the manufacturing process, DELL was able to get rid of inventories and manage to reduce costs.

E-commerce has become a major business process for global organizations and multinational corporations. Most multinationals rely on "online selling" as well as "online purchasing" globally. E-commerce has enabled them to access global markets as well as the source of raw materials from all over the world. In addition, E Commerce has significantly reduced the cost of sales plus the purchase cost. In the consumer world, the insurance, banking, airline and hospitality sectors have benefited from the commercial sale model E.

E-commerce is a reality. Many different technologies, systems, agencies, and networks make it possible for E Commerce to happen. EDI, transactions and transactions over the Internet were the key enabling factors that enabled business transactions.

It is simply surprising to think that with the click of a button one can buy, sell or affect financial transactions worth millions of dollars in a few minutes. However this is true e-commerce is the future.

Advantages of e-commerce

We live in the information age. The Internet has changed our lives and these changes are irreversible. I'm slowly taking over every home over the internet. People turn to pay all their bills online, online banks and even online shopping. The Internet is used by people for different purposes. The more people surf the Internet and search for information, the greater the opportunities for developing e-commerce.

Over the years the Internet has become the highway for online business transactions. From banks offering online banking to online bookings with airlines, hotels and travel to the insurance sectors, all business activities have been linked to the types of business customers on the highway to reach millions of customers online. These are not the only companies that deal via e-commerce. Most large business houses have gone through e-commerce to do online purchases as well as manage sales orders and manage customers.
ERP systems have been able to integrate and introduce the Internet, all business process units to the Web mode. Millions of dollars are spent by business organizations in developing IT infrastructure, application platforms as well as re-engineering their business processes so that they can access the highway to use the e-commerce platform for their business operations.
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