E-commerce in Business Practise and Its Application

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Electronic commerce is something that deals with the buying and selling of goods and exchange of the information through a computer system mostly with the help of internet , wherein, Electronic business has a more broad meaning than that of electronic commerce that it not only deals with the buying and selling of goods  but it also aims in providing the services to the customers and the partners and all the transactions are carried out electronically within the organization or outside the organization.

Electronic commerce or E-commerce can be categorized into different categories which are as follows ;-

  • Business to business commerce
  • Business to consumer commerce
  • Consumer to consumer commerce
  • Mobile commerce
  • Collaborative commerce
  • Inter organizational commerce
  • Location based commerce
  • Government to citizen commerce
  • Government to business commerce
  • Government to government commerce

There are some important features that are possessed by electronic commerce, these features are as follows :-

  • Through e commerce the firms want to enhance their efficiency in communication
  • Firms want to increase their market share and internet has worldwide access
  • They want to maintain long term visibility in the market
  • They want to digitalize their relationship with their suppliers and distributors
  • They want to male their distribution system less complex

In business to business commerce the firms those engage in it are able to make an access to

E-commerce

Introduction to E-commerce

different type of information regarding the other business firm and can have a better awareness of the other business organization. The information that can be accessed are :

  • About the customers
  • Details regarding the product
  • About the suppliers
  • What is their shipping technique
  • Sales of the firm
  • Inventory maintained
  • Services provided by the firm
  • Supply chain process

Business Application :-

  • Document automation in suppy chain and logistics
  • Instant messaging
  • Online banking
  • Teleconferencing
  • Electronic Tickets
  • Social Networking etc

What is electronic procurement ?

E –procurement  is the procurement or corporate buying of the goods and services through technology, that is, internet. Through the process of E- procurement the company avails various discounts and special offers to their customers since it is an ongoing purchase process. The buying and selling process can be made automated by using e-procurement technology. Since it deals with the procurement of goods through internet ,therefore, it is very necessary for the firm involved in it to integrate with the supply chain process for the accurate delivery of the goods to the customers on time. There are many benefits that are being served by e- procurement method. Some of these benefits are :

  • The cost of procurement is lowered
  • There would be a tight control over all the procurement function
  • The accuracy of the data can be improved
  • Paper work can be reduced
  • Real time information can be accessed easily
  • There would be no un- authorized buying of goods

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