IMPORTANCE AND USES OF E. COMMERCE

1.     Exploitation of New Business

Broadly speaking, electronic commerce emphasizes the generation and exploitation of new .business opportunities and to use popular phrases: “generate business value” or “do more with less”.

2.     Enabling the Customers

Electronic Commerce is enabling the customer to have an increasing say in what products are made, how products are made and how services are delivered (movement from a slow order fulfillment process with little understanding of what is taking place inside the firm, to a faster and rt1ore open process with customers having greater control.

3.     Improvement of Business Transaction

Electronic Commerce endeavors to improve the execution of business transaction over various networks.

4.     Effective Performance

It leads to more effective performance i.e. better quality, greater customer satisfaction and better corporate decision making.

5.     Greater Economic Efficiency

We may achieve greater economic efficiency (lower cost) and more rapid exchange (high speed, accelerated, or real-time interaction) with the help of electronic commerce.

6.     Execution of Information

It enables the execution of information-laden transactions between two ore more parties using inter connected networks. These networks can be a combination of ‘plain old telephone system’ (POTS), Cable TV, leased lines and wireless. Information based transactions are creating new ways of doing business and even new types of business.

7.     Incorporating Transaction

Electronic Commerce also inco11'orates transaction management, which organizes, routes, processes and tracks transactions. It also includes consumers making electronic payments and funds transfers.

8.     Increasing of Revenue

Firm use technology to either lower operating costs or increase revenue. Electronic Commerce has the Potential to increase revenue by creating new markets for old products, creating new information-based products, and establishing new service delivery channels to better serve and interact with customers. The transaction management aspect of electronic commerce can also enable firms to reduce operating costs by enabling better coordination in the sales, production and distribution processes and to consolidate operations arid reduce overhead.

9.     Reduction of Friction

Electronic Commerce research and its associated implementations is to reduce the “friction” in on line transactions frictions is often described in economics as transaction cost. It can arise from inefficient market structures and inefficient combinations of the technological activities required to make a transaction. Ultimately, the reduction of friction in online commerce will enable smoother transaction between buyers, intermediaries and sellers.

10.   Facilitating of Network Form

Electronic Commerce is also impacting business .to business interactions. It facilitates the network form of organization where small flexible firms rely on other partner, companies for component supplies and product distribution to meet changing customer demand more effectively. Hence, an end to end relationship management solution is a desirable goal that is needed to manage the chain of networks linking customers, workers, suppliers, distributors and even competitors. The management of "online transactions" in the supply chain assumes a central roll.

11.   Facilitating for Organizational Model

It is facilitating an organizational model that is fundamentally different from the past. It is a control organization to the information based organization. The emerging forms of techno-organizational structure involve changes in managerial responsibilities, communication and information flows and work group structures.

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Comments 76 comments

thanglynn07 profile image

thanglynn07 7 years ago from Long Beach, CA

I am very appreciative of modern technology!


i imi profile image

i imi 7 years ago Author

thx 4 sharing


mdawson17 7 years ago

This was a very good hub; very informative! I have bookmarked it! Thanks for sharing such great information!

mdawson17


Peggy W profile image

Peggy W 7 years ago from Houston, Texas

Would be hard to go back to the Dark Ages!


BrianS profile image

BrianS 7 years ago from Castelnaudary, France

Yes a lot of benefits associated with ecommerce but we still need to be wary of information overload as well for example getting copied on lots of emails that you do not need to be.

Good hub, made me think about it.


Rubes profile image

Rubes 7 years ago from Somwhere up high

That's a crazy picture you put up. lol. It fits in with the article real well. Write some more.


i imi profile image

i imi 7 years ago Author

thanglynn07

mdawson17

Peggy W

BrianS

Rubes

Thanks to all


Waren E profile image

Waren E 7 years ago from HAS LEFT THE BUILDING............

Thanks for breaking it down so well,thus understanding came easy!

thanks for sharing this!


crazybeanrider profile image

crazybeanrider 7 years ago from Washington MI

How the heck did we survive without e-commerce all this time. Well written and interesting.


maya sharama 5 years ago

I like e-commerce


aka 5 years ago

nice website....good for girls :)


harry 4 years ago

awesome dude


ANKITA PRASAD 4 years ago

I M THANKFUL TOOOO MODERN TECHNOLOGY......COOL


jenny 4 years ago

i hate eCommerce............


jeff 4 years ago

ya commerce is coog enough that may include the study of whole economy!


minakshi 4 years ago

what is e-commerce


karim 4 years ago

i love this


edward hull 4 years ago

yes guys this is totally rad ecommerce has developed are lives massively and i love men


matt wardman 4 years ago

i have a long neck and got mugged of by bethany meighan


shaqnel 4 years ago

Enough information about e commerce is stated in the blog. This would be the trend of modern technology. Thank you for sharing such great ideas. These are additional knowledge for the successful growth of Dirigo Creative or go to http://dirigocreative.com/.


Matt Wardman 4 years ago

i have an abnormally long neck and i also got rejected by bethan meighan and i raped hannah smith and look like a giraffe . i am also a tramp with one pair of trainers


Specsavers 4 years ago


specky fuk 4 years ago

www.harrypotter.com


ed hulll 4 years ago

guys, yes i am fat does not mean i cant do things right


matt wardman 4 years ago


jon gabb 4 years ago

it was me who posted the stuff about matt wardman


jon gabb 4 years ago

i am also gay and am looking for a relationship iu like a man with a bendy one


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Matt Wardman 4 years ago

hey don't be mean about my friend jon or i will hurt you


steven aladiran 4 years ago

why u muggin off my fellow zoo mates


Karim Jaffer 4 years ago

i was involved in the London riots and got put on tag for 8 months i also smoke weed in the woods at lunch


james goodey 4 years ago


Hey 4 years ago

Toe Nail


julius hizza 4 years ago

i amin tanzania aka bongo nice when u check me on face book


Keshav 4 years ago

must improve


dev 4 years ago

very good but not efficient


aadarsh 4 years ago

i am on facebook!!!!


om 4 years ago

maa ki chut


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behen ke laude


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fuck your ass


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maa ki aankh


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tera khandaan kondam


Raman ghumaan 4 years ago

I study e commerce


neha rawat 3 years ago

i like e com


komal 3 years ago

e commerce is gud


JOHN 3 years ago

i LOVE MEN


jrav 3 years ago

i love men 2


Jamie Ravilious 3 years ago

I am Jamie Ravilious. I'm gay. I go to Walton High school and am in year 11. I suck long bananas. I lick them, too. I love the taste of men. I rape baby monkeys in my spare time and have no friends. Help me.


Jamie Ravilious 3 years ago

I love e-commerce almost as much as I love men.


Jamie Ravilious 3 years ago

I am so attracted to men.


Jamie Ravilious. 3 years ago

I am Jamie Ravilious, call me at 999.


Jamie RAVILIOUS 3 years ago

OOOOH, MEN,


morten 3 years ago

big willys in my bum yum yum


james sturman 3 years ago

hi i am a vegetarian and i have been for a while i am now moving to the middle east to get my fix of willys.


yasper 3 years ago

too many silly people on this site making stupid comments ps i love the pp in the bb plus aayush knows that i really love him, but i don't cos im not asian xxxxxxx


william farrel 3 years ago

willy


Jamie Ravilious (JRav) 3 years ago

I get beaten by my mother everyday. I hate my life and everybody always forces me to lick baby monkeys. Help. Please, can anyone recommend a nice way to kill myself?


bill welch 3 years ago

it was me who said those horrible things about jamie. im sory and im going through rehab to get the addicting taste of dick out of my mouth. i hope you can forgive me. love bill (william) xxxxx


me 3 years ago

bill, go die!!!!!!!!! luv ya :*


nini 3 years ago

john had a pie he consumed the pie with great precision.earlier on he put a dounut in the bath to see if it would float, is his nan 84 years old.

give your answer as a percentage :


aayush 3 years ago

god dam it bill


Aayush 3 years ago

I like big men.


ANUSH 3 years ago

SUPERB


nini 3 years ago

DIE ANUSH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


ANUSH 3 years ago

why do u say this, i will take you down son!!!!!!


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I'm tired of girl' trap

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frank leecrew 3 years ago

importance of technological world;e-commerce endeavors improvement


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.;o/.p'


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thank for sharing this information it helped me a lot to cpmplete my s.p project


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anchal 2 years ago

It's good nd use ful


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it was the best information and facts


krupal 14 months ago

It's good...


MURUGAN. MS 13 months ago

I like E-Commerce


Kaviya 12 months ago

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