APPLICATIONS OF E-COMMERCE■ A supply chain is a network of facilities and distributionoptions that performs the functions of procurement of materials,transformation of these materials into intermediate and finishedproducts, and the distribution of these finished products tocustomers.There are four major decision areas in supply chain management:1) Location,2) Production,3) Inventory,4) Transportation (distribution),There are both strategic and operational elements in each of these decision areas
APPLICATIONS OF E-COMMERCE■ Procurement refers to the overall process of acquiring a product orservice. Depending on the circumstances, it may include some or allof the following: Identifying a need, Specifying the requirements to fulfill the need, Identifying potential suppliers, Soliciting bids and proposals, Evaluating bids and proposals, Awarding contracts or purchase orders, Tracking progress and ensuring compliance, Taking delivery, Inspecting and inventorying the deliverable, and Paying the supplier.
APPLICATIONS OF E-COMMERCE■ Term referring to the Internet and e-mail based aspects of amarketing campaign, such as banner ads, e-mail marketing,search engine optimization, Pay-Per-Click, and other tools. Alsoreferred to as "Online Advertising."
APPLICATIONS OF E-COMMERCE■ Offer the general public the opportunity to bid electronically ona wide array of assets. The auctions are completely web-enabled,allowing all registered participants to bid on a single item ormultiple items (lots) within specified timeframes.
APPLICATIONS OF E-COMMERCETHE REVERSE AUCTION PROCESS
APPLICATIONS OF E-COMMERCEAmong the products offered are:Fund transfer and payment systems;Integrated B2B e-commerce product, involving product selection,purchase order, invoice generation and payment;Securities placement and underwriting and capital market activities;Securities trading; andRetail banking.■ E-banking includes familiar and relatively mature electronically-based products in developing markets, such as telephone banking,credit cards, ATMs, Internet banking and direct deposit. It alsoincludes electronic bill payments and products mostly in thedeveloping stage, including stored-value cards (e.g., smartcards/smart money) and Internet-based stored value products.
APPLICATIONS OF E-COMMERCE■ Electronic publishing includes the publication of newsletters,online magazines and databases, brochures and otherpromotional materials, ebooks, and the like. Making informationavailable for use over computer networks.Among the benefits of using online media are• Low-cost• Universal access• The independence of time and place and• Ease of distribution.
APPLICATIONS OF E-COMMERCE■ Booking or reserving any travel tickets, events (sportsmatch, musical performances etc.) and hotel rooms using anelectronics communication device can be said as onlinebooking.