exactSolutionTechnology

E-Commerce, consists of the buying and selling of products or services over electronic systems such as the internet and other computer network.

 
Examlpes

• ATM (only one watchman can handle the business)
• Selling physical goods and services using websites e.g. insurance, flowers, cards, magazines, shoes, electronic items etc.
• Online Reservation for almost all the available services e.g. Railway REservation, Flight Reservation, Hotel Reservation
• One Plant Division can ask for a product or service from another Division of the same Plant (Like ERP).

E-Business Process - WHY / WHAT / HOW

WHY    -  Customer Relationship
WHAT -  Redesign Business Process
HOW    -  Applying Technology


Type of E-Commerce



Important FACT FILE
1990: Tim Berners-Lee writes the first web browser, world wide web, using a NeXT computer.
1994: Pizza Hut offers pizza ordering on its Web page.
          The first online bank opens.
          Attempts to offer flower delivery and magazine subscriptions online.
1995: Jeff Bezos launches amazon.com and the first commercial-free 24 hour, e-Bay is founded.
1998: Electronic Postal Stamps can be purchased from the web.
2008: E-commrce sales projected to reach $204 billion, an increase of 17 percent over 2007.


E-Commerce in India
 India Ranks Third biggest e-shopping nation.


Business Applications

• E-Mail and Messaging
• Documents, spreadsheets, database
• Acconting and Finance Systems
• Orders and Shippment Information
• Enterprise and Client Information Reporting
• Domestic and International Payment Systems
• Newsgroup
• On-Line Shopping
• Messaging
• Conferencing

Importance of E-Commerce

• Decrease in cost of Ordering & Supply
• Better Contact between customer and supplier
• Exploration of new markets (rural customers can buy global brands)
• Easy to use and customer friendly