The Definition of E-Commerce E-commerce is the short form of Electronic commerce. E-commerce is the overwhelming buzzword of the online business transformation The development of e-commerce has given birth to new terms such as electronic funds transfer, online transaction processing, electronic data interchange (EDI), Internet marketing, automated data collection systems, etc.
1989 : Peapod carries the supermarket to the home PC 1992 : Phone-based 1-800-Flowers plants itself on the web 1994 : Netscape reveals SSL encryption, upgrading web security 1995-2000 : time ruler of e-commerce , Amazon.com, launches, yahoo launches pushing stage yahoo stores, Internet retailer magazine makes a big appearance in march , wal-mart presents purchase online/pick up in store customize.
2001-2005 : Amazon.com pioneers a trail, starting a versatile commerce website , Annual online retail deals up 25.6% to $54 billion, Congress passes the CAN-SPAM Act, setting leads for showcasing message , Credit card associations make PCI information security gauges , Web 2.0 takes hold as additional retailers join client-created substance and new advances that make destinations more intelligent. 2005-2009 : Google introductions Google Checkout to rival any semblance of PayPal , Apparel deals surpass PC bargains online outside of the norm , Google Sites produce 85 billion pursuits, Yahoo Sites just 25 billion and Microsoft Sites 10 billion, Amazon.com and Overstock.com lose New York online deals charge combat.
Improvement of Business Transaction Reduction of Friction Facilitating for Organizational Model Greater Economic Efficiency Exploitation of New Business
Essential e-commerce processes E-commerce or electronic commerce is basically a propelled manifestation of working together through web as its major medium to furnish the focused on group of onlookers on a planet wide scale. While beginning an e-commerce business, it is exceptionally indispensible to first get a magnetic and totally engaging in addition to an utilitarian e-commerce site, with a master search for your online business. (1) Good impression : (2) Easy to navigate : (3) Quality traffic and Positioning : E-commerce web advancement is consequently undoubtedly the best stage of showcasing your utilities and items on the web.
Let take a look at each essential process category : Access Control and Security Profiling and Personalizing Look Management Content and Catalog Management Workflow Management Occasion Notification Cooperation and Trading
Business-to-consumer (B2C) Business-to-business (B2B) Consumer-to-consumer (C2C) Consumer-to-Business (C2B) Sometimes, We add two additional classifications: Business to Employee (B2E) B2E services are typically offered by Intranet Applications to provide all the needed information to the employees of an organization.Business to Government (B2G) B2G is similar to B2B except Governments operate under own set of rules that may have to adhered by other businesses.
B2B or Business-to-business : It needs two or more business substances collaborating with one another straight or through a go-between. The B2B electronic commerce could be – Supplier-Centric, – Buyer-driven, or – Intermediary-driven. ---B2C or Business-to-consumer
C2B or Consumer-to-Business : The business substance is wanted to match the prerequisites of the buyers to the best conceivable degree. The Consumer to Business (C2B) empowers a buyer to confirm the value of an item or alternately fix offered by a association.
C2C or Consumer-to-consumer : It elevates chance for customers to transact products or utilities to other customers exhibit on Internet. The C2C in numerous a scenarios models the trade frameworks with a changed type of bargain making.
Electronic Commerce: Benefits Global Distribution of Information Expands the Market Reach-past Geographic borders Small Business can moreover access worldwide commercial center Amazon.com, Ebay.com, BaZee.com HP, Cannon and so forth can furnish download for driver programming safeguarding Efficient and brisk conveyance of qualified data needs of clients Federal Express-Customer can track status of a shipment IndianRailways.com – Customer check situate accesability, trains tracks, make reservations online
Effect of Electronic Commerce : Financial qualities— - Restructuring of Distribution and Supply Chain Strategic qualities— - aggressive point of interest -business techniques - Customer Relationship Management