E-Content of

INTERNET TECHNOLOGY AND WEB DESIGN

Chapter : 7.2 Current Trends On Internet

Topic : 7.2.6 E-Commerce

E-Commerce
53. E-Commerce is a set of integrated software components that provides a solution
for business to sell goods and services through an electronic catalog on the
Internet.

54. E-Commerce is ideal for both business-to-business and business- to-consumer

applications and integrates easily with company's existing business systems to
protect the IT investments.

55. E-Commerce extends beyond buying and selling to stream lining the entire
operations of an organization.

56. It enables a faster penetration into the market to turn around investments quickly
for lowering costs.

57. It enables strengthening of relationships with customers and partners by

marketing, sales, customer support staff and enables better communication with
suppliers.

58. E-Commerce allocation in business

59. The three major classes of business expected with E-Commerce applications
are

 Business to Business Applications

 Business to Consumer

 Consumer to Consumer Applications

60. Business to Business Applications

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 E-Content of
INTERNET TECHNOLOGY AND WEB DESIGN
 This includes wholesaling, where businesses sell goods and services to
other businesses on the web.

 With Internet based supply chain trading, businesses work closely to

streamline the supply of goods for production and distribution and improve
productivity.

61. Business to Consumer

 In business to consumer commerce, companies market physical goods to

consumers online in a more personalized dynamic environment.

 This includes the delivery of digital goods, software, electronic media and
information.

62. Consumer to Consumer Applications

 In consumer to consumer applications, the seller may sell his

service/goods by providing its information on the net. This information may
be evaluated by a buyer to carry out a transaction.

 Some advantages of E-Commerce are

o Global visibility of the organization

o Communication with collaborators

o The shortest and most cost effective fulfillment time

o Delivering the right products and services to the customer

o Improvement in supplier relationships

o Lower procurement costs

o Integrated quality and cost management

o Efficient warehouse management

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