Professional Documents
Culture Documents
COMMERCE
ASSIGNMENT: 2ND
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Data breaches: E-commerce platforms store a vast amount of customer data, including
personal and financial information. Data breaches can occur due to vulnerabilities in the
platform's security infrastructure or targeted attacks by hackers. Breached data can be
misused for identity theft, financial fraud, or sold on the dark web.
Payment card fraud: Online payment systems are a prime target for cybercriminals.
Payment card fraud can occur through various methods, such as phishing attacks,
skimming, or intercepting payment data during transmission. Stolen credit card details
can be used to make unauthorized purchases, leading to financial losses for both
consumers and merchants.
Phishing 8and social engineering: Phishing attacks involve tricking users into providing
sensitive information by masquerading as a legitimate entity, such as an e-commerce
website or a trusted payment service. Social engineering techniques can manipulate
users into revealing passwords, login credentials, or other personal information, which
can then be exploited for fraudulent purposes.
To mitigate these threats, e-commerce platforms and users should employ robust
security measures, such as implementing strong encryption, regularly updating
software and systems, using secure payment gateways, educating users about potential
risks, and monitoring for suspicious activities.
Order Fulfillment: Efficient order fulfillment is crucial for customer satisfaction. This
includes accurately processing orders, picking and packing products, coordinating
shipments with logistics partners, and providing timely and transparent order tracking
information. E-commerce businesses need to optimize their fulfillment processes to
minimize errors, reduce order-to-delivery times, and handle returns effectively.
Supply Chain Management: Managing the end-to-end supply chain is vital for e-
commerce success. It involves coordinating with suppliers, negotiating contracts,
ensuring timely deliveries, and monitoring supplier performance. Effective supply chain
management minimizes lead times, reduces costs, and improves overall product
availability and quality.
E-commerce Website: A user-friendly and visually appealing website that serves as the
online storefront for the e-commerce business. It should have features like product
listings, shopping cart functionality, secure payment gateways, and order management
systems.
Shopping Cart: An interactive feature that allows customers to select products, add
them to a virtual shopping cart, and proceed to checkout. It should provide options for
updating quantities, removing items, and applying discounts or coupons.
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Payment Gateway: A secure online payment system that facilitates the transfer of funds
between the customer, the e-commerce website, and the merchant's bank account.
Common payment gateways include PayPal, Stripe, and Authorize.net.
Order Management System: A backend system that manages the processing and
fulfillment of customer orders. It includes features like order tracking, inventory
management, shipping integration, and customer communication.
Analytics and Reporting: Tools for tracking and analyzing website traffic, user behavior,
conversion rates, and sales performance. This data helps businesses make informed
decisions and optimize their e-commerce strategies.