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Unit 1 Ecommerce Overview

E-commerce refers to paperless exchange of business information using electronic methods like EDI, email, electronic bulletin boards, and EFT. It allows for non-cash payments, 24/7 availability, improved advertising and sales, and better inventory management compared to traditional commerce. Key benefits are easier information sharing, asynchronous communication, standardized practices, and a uniform platform for all business activities.

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Altaf Hyssain
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68 views

Unit 1 Ecommerce Overview

E-commerce refers to paperless exchange of business information using electronic methods like EDI, email, electronic bulletin boards, and EFT. It allows for non-cash payments, 24/7 availability, improved advertising and sales, and better inventory management compared to traditional commerce. Key benefits are easier information sharing, asynchronous communication, standardized practices, and a uniform platform for all business activities.

Uploaded by

Altaf Hyssain
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Ecommerce Overview

E-Commerce or Electronics Commerce is a methodology of modern business


which addresses the need of business organizations, vendors and customers
to reduce cost and improve the quality of goods and services while
increasing the speed of delivery. E-commerce refers to paperless exchange
of business information using following ways.

 Electronic Data Exchange (EDI)

 Electronic Mail (e-mail)

 Electronic Bulletin Boards

 Electronic Fund Transfer (EFT)

 Other Network-based technologies

Features
E-Commerce provides following features

 Non-Cash Payment − E-Commerce enables use of credit cards, debit cards,


smart cards, electronic fund transfer via bank's website and other modes of
electronics payment.
 24x7 Service availability − E-commerce automates business of enterprises
and services provided by them to customers are available anytime, anywhere.
Here 24x7 refers to 24 hours of each seven days of a week.

 Advertising / Marketing − E-commerce increases the reach of advertising of


products and services of businesses. It helps in better marketing management
of products / services.

 Improved Sales − Using E-Commerce, orders for the products can be


generated any time, any where without any human intervention. By this way,
dependencies to buy a product reduce at large and sales increases.

 Support − E-Commerce provides various ways to provide pre sales and post
sales assistance to provide better services to customers.

 Inventory Management − Using E-Commerce, inventory management of


products becomes automated. Reports get generated instantly when required.
Product inventory management becomes very efficient and easy to maintain.

 Communication improvement − E-Commerce provides ways for faster,


efficient, reliable communication with customers and partners.
Traditional Commerce v/s E-Commerce
Sr. Traditional Commerce E-Commerce
No.

1 Heavy dependency on Information sharing is made easy via


information exchange from electronic communication channels
person to person. making little dependency on person to
person information exchange.

2 Communication/ transaction are Communication or transaction can be


done in synchronous way. done in asynchronous way. Electronics
Manual intervention is required system automatically handles when to
for each communication or pass communication to required
transaction. person or do the transactions.

3 It is difficult to establish and A uniform strategy can be easily


maintain standard practices in established and maintain in e-
traditional commerce. commerce.
4 Communications of business In e-Commerce or Electronic Market,
depends upon individual skills. there is no human intervention.

5 Unavailability of a uniform E-Commerce website provides user a


platform as traditional platform where al l information is
commerce depends heavily on available at one place.
personal communication.

6 No uniform platform for E-Commerce provides a universal


information sharing as it platform to support commercial /
depends heavily on personal business activities across the globe.
communication.

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