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“Once people get over the security and privacy hiccups, as well as other problems that are not directly related to e-commerce, and have access to wider product offerings, e-commerce will become as widespread as offline commerce.”
Better information about inbound shipments enables organizations to reduce the amount of inventory buffers carried.
E-Business Effects on Business Processes Internal Operations, Human Resources, and Infrastructure.
Internal Operations, Human Resources, and Infrastructure
Advanced communications technology can significantly improve:
The efficiency of internal operations.
The efficiency and effectiveness of the human resource support activity.
The efficiency and effectiveness of customer payments.
E-Business Effects on Business Processes Electronic Funds Transfer
EDI = Steps 1-6; EFT = Step 7; FEDI = Steps 1-7 Information Flows in Electronic Commerce Buyer Seller 1. Inquiries 2. Responses 3. Orders 4. Acknowledgment 5. Billing 6. Remittance Data 7. Payments
Nonintegrated EDI and EFT Company A’s bank Company B’s bank Company A Company B Payment Instructions (ACH Format) Receipts Information (EDI Format) Remittance Data
Financial Electronic Data Interchange (FEDI) Company A’s bank Company B’s bank Company A Company B Remittance data and payment instruction Remittance data and funds Remittance data and receipts instruction