E Commerce System

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E Commerce System

  1. 1. Electronic Commerce System Presented by: Sadia Ruknin (ID # ) Member 2 (ID # ) Member 3 (ID # ) Member 4 (ID # )
  2. 2. What is E-Commerce <ul><li>Electronic Commerce, commonly known as e-commerce, consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. (Source: wikipedia) </li></ul><ul><li>Uses: </li></ul><ul><li>Electronic funds transfer </li></ul><ul><li>Supply chain management </li></ul><ul><li>Internet marketing </li></ul><ul><li>Online transaction processing </li></ul><ul><li>Electronic data interchange (EDI) </li></ul><ul><li>Inventory management systems and </li></ul><ul><li>Automated data collection systems </li></ul>
  3. 3. How e-commerce works: <ul><li>Modern e-commerce typically uses the World Wide Web. </li></ul><ul><li>Large percentage of e-commerce is conducted entirely electronically for virtual items (e.g. access to premium content of a website, buy and download songs/video) </li></ul><ul><li>Most e-commerce involves the transportation of physical items. </li></ul><ul><li>Almost all big retailers have electronic commerce presence on the World Wide Web. </li></ul>
  4. 4. How e-commerce works (cont.): <ul><li>E-commerce that is conducted between businesses is referred as Business-to-Business or B2B. </li></ul><ul><li>E-commerce conducted between business and consumer is called Business-to-Consumer or B2C. </li></ul><ul><li>E-commerce is generally considered to be the sales aspect of e-business. </li></ul>
  5. 5. History <ul><li>1992 : J.H. Snider and Terra Ziporyn publish Future Shop: How Technologies Will Change the Way we Shop and We Buy. </li></ul><ul><li>1994: Pizza Hut offers pizza ordering on its Web page. The first online bank opens. SSL (Security Socket Layer) encryption was introduced that made transactions secure. </li></ul><ul><li>1995: Jeff Bezson launches Amazon.com. The first commercial-free 24 hours internet-only radio stations started broadcasting. eBay is founded by Pierre Omidyar. </li></ul><ul><li>2002: eBay acquires PayPal that made online transaction quick, easy and simple. </li></ul><ul><li>2003: Amazon.com announces first yearly profit. </li></ul><ul><li>2008: US eCommerce and Online Retail sales projected to reach $204 billion, an increase of 17% over 2007. </li></ul>
  6. 6. Business Application: <ul><li>Some common applications related to e-commerce are the following: </li></ul><ul><li>Email and messaging </li></ul><ul><li>Content Management Systems </li></ul><ul><li>Accounts and finance systems </li></ul><ul><li>Orders and shipment information </li></ul><ul><li>Enterprise and client information reporting </li></ul><ul><li>Domestic and international payment systems </li></ul><ul><li>Newsgroup </li></ul><ul><li>On-line Shopping </li></ul><ul><li>Online Banking </li></ul>
  7. 7. Pro’s and Con’s (for consumer): On average 1/9 th of the stock is available online Wide Selection to choose from Risk of being hacked Easy access 24/7 One can get addicted Transaction can be done from anywhere Not everyone is connected to Internet Reduced prices Unable to examine products personally No checkout queues Con’s Pro’s
  8. 8. Pro’s and Con’s (for business): Has to depend on availability of power, internet, hardware, etc. Maintenance cost is minimized. Regular updating might lead to extra labour costs and training and retraining costs. Enable them to achieve greater economics of scale Website would have to be constantly updated. After they have paid off their capital costs, it should increase their productivity Distribution must be very efficient Enables them to access international markets Hardware and software are essential and these takes lot of spaces Should increase their market share Con’s Pro’s
  9. 9. The success stories: <ul><li>www.amazon.com is arguably is one of the biggest and best virtual retailers on the web. </li></ul><ul><li>Founded by Jeff Bezos in 1994, and launched it online in 1995. </li></ul><ul><li>In 2007 the net income of Amazon was US$655 million and revenue was US$14.8 billion. </li></ul><ul><li>Headquarters Washington, USA. Totally 17,000 employees. The website is available in English, Chinese, French, German and Japanese language. </li></ul><ul><li>The website amazon.com attaracted at least 615 million visitors annually by 2008. </li></ul>
  10. 10. The success stories (cont.): <ul><li>eBay Inc. in an American Internet company that manages www.eBay.com , an online auction and shopping website. </li></ul><ul><li>Founded in September 3, 1995 by Pierre Omidyar. </li></ul><ul><li>Online auction hosting, Electronic commerce, Shopping mall. </li></ul><ul><li>Total number of employees 15,500. </li></ul><ul><li>In 2008 the net income is US$348 million and total revenue is US$8.46 billion. </li></ul><ul><li>eBay Inc. now owns PayPal (Online Payment), Skype (Online communication), StubHub (Online Ticket Selling) and Kijiji (Online urban community network). </li></ul><ul><li>In addition to its original US website, eBay has established localized websites in thirty other countries. </li></ul>
  11. 11. Bangladesh perspective: <ul><li>Bangladesh is not yet into e-commerce sector, but Bangladesh has a huge market for e-commerce. </li></ul><ul><li>Internet service has improved a lot in recent years in Bangladesh. Which is very much essential for implementing e-commerce. </li></ul><ul><li>Online payment system has to be introduced completely. </li></ul><ul><li>Facilities should be implemented to interact with banks and financial institutes. </li></ul><ul><li>Neighbour India has all these facilities to incorporate e-commerce. </li></ul><ul><li>Some sort of e-commerce is present. The best example is GrameenPhone and Titas Gas’s billspay system. </li></ul>
  12. 12. Conclusion: <ul><li>E-commerce has grown significantly during the past 12 years. E-commerce has not only change the way consumers view their purchasing power but also help skyrocketed the economy. </li></ul><ul><li>E-commerce is a helpful technology that gives the consumer access to business and companies all over the world. </li></ul><ul><li>Once consumers and businesses realize some of the dangers of e-commerce, there could less incidents of identity theft and credit card fraud. </li></ul>
  13. 13. <ul><li>Thank you very much </li></ul><ul><li>for </li></ul><ul><li>your patience hearing </li></ul>

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