E-tailing refers to electronic retailing, which is the sale of goods and services online. The e-tailing process involves customers visiting an e-tailer's website, selecting a product, registering or checking out as a guest, ordering and paying for the product through various methods like credit cards or cash on delivery, and having the product delivered by a third party logistics provider. E-tailing allows retailers to sell a larger variety of inventory globally at lower costs while providing customers flexible shopping hours, but it also faces challenges like high maintenance costs and customers' inability to physically examine products.
• Applications of E-commerce and E-enterprise - Applications to Customer Relationship Management- Types of E-CRM, Functional Components of E-CRM.
Managing the E-enterprise- Introduction, Managing the E-enterprise, Comparison between Conventional and E-organisation, Organisation of Business in an E-enterprise, Benefits and Limitations of E- enterprise
E-commerce is growing fast in today's world. It has Multiple Applications. As such, it is difficult to name each and every one of them. These are few of the most commonly used applications.
• Applications of E-commerce and E-enterprise - Applications to Customer Relationship Management- Types of E-CRM, Functional Components of E-CRM.
Managing the E-enterprise- Introduction, Managing the E-enterprise, Comparison between Conventional and E-organisation, Organisation of Business in an E-enterprise, Benefits and Limitations of E- enterprise
E-commerce is growing fast in today's world. It has Multiple Applications. As such, it is difficult to name each and every one of them. These are few of the most commonly used applications.
The internet is being developed rapidly since last two decades, and with relevant digital economy that is driven by information technology also being developed worldwide. After a long term development of internet, which rapidly increased web users and highly speed internet connection, and some new technology also have been developed and used for web developing, those lead to firms can promote and enhance images of product and services through web site. Therefore, detailed product information and improved service attracts more and more people changed their consumer behaviour from the traditional mode to more rely on the internet shopping. On the other hand, more companies have realized that the consumer behaviour transformation is unavoidable trend, and thus change their marketing strategy. As the recent researches have indicated that, the internet shopping particularly in business to consumer (B2C) has risen and online shopping become more popular to many people. According to the report, The Emerging Digital Economy II, published by the US Department of Commerce, in some companies, the weight of e-commerce in total sales is quite high. For instance, the Dell computer company have reached 18 million dollars sales through the internet during the first quarter of 1999. As a result, about 30% of its 5.5 billion dollars total sales were achieved through the internet (Moon, 2004). Therefore, to understand internet shopping and its impact on consumer behaviour could help companies making use of it as a form of doing e-business.
There are many reasons for such a rapid developing of internet shopping, which mainly due to the benefits that internet provides. First of all, the internet offers different kind of convenience to consumers. Obviously, consumers do not need go out looking for product information as the internet can help them to search from online sites, and it also helps evaluate between each sites to get the cheapest price for purchase. Furthermore, the internet can enhance consumer use product more efficiently and effectively than other channels to satisfy their needs. Through the different search engines, consumers save time to access to the consumption related information, and which information with mixture of images, sound, and very detailed text description to help consumer learning and choosing the most suitable product (Moon, 2004). However, internet shopping has potential risks for the customers, such as payment safety, and after service. Due to the internet technology developed, internet payment recently becomes prevalent way for purchasing goods from the internet. Internet payment increase consumptive efficiency, at the same time, as its virtual property reduced internet security. After service is another way to stop customer shopping online. It is not like traditional retail, customer has risk that some after service should face to face serve, and especially in some complicated goods.
Tutorial on Creating Quality Online Shopping Experience 20170112Adams Company Limited
This is a presentation delivered by Matthew Kwan, Principal Consultant of Adams Company Limited (www.adamshk.com) for Hong Kong Retail Management Association (HKRMA) about creating quality online shopping experience. The session also covered the specific requirements for the newly launched Quality e-Shop Recognition Scheme for those interested parties.
The internet is being developed rapidly since last two decades, and with relevant digital economy that is driven by information technology also being developed worldwide. After a long term development of internet, which rapidly increased web users and highly speed internet connection, and some new technology also have been developed and used for web developing, those lead to firms can promote and enhance images of product and services through web site. Therefore, detailed product information and improved service attracts more and more people changed their consumer behaviour from the traditional mode to more rely on the internet shopping. On the other hand, more companies have realized that the consumer behaviour transformation is unavoidable trend, and thus change their marketing strategy. As the recent researches have indicated that, the internet shopping particularly in business to consumer (B2C) has risen and online shopping become more popular to many people. According to the report, The Emerging Digital Economy II, published by the US Department of Commerce, in some companies, the weight of e-commerce in total sales is quite high. For instance, the Dell computer company have reached 18 million dollars sales through the internet during the first quarter of 1999. As a result, about 30% of its 5.5 billion dollars total sales were achieved through the internet (Moon, 2004). Therefore, to understand internet shopping and its impact on consumer behaviour could help companies making use of it as a form of doing e-business.
There are many reasons for such a rapid developing of internet shopping, which mainly due to the benefits that internet provides. First of all, the internet offers different kind of convenience to consumers. Obviously, consumers do not need go out looking for product information as the internet can help them to search from online sites, and it also helps evaluate between each sites to get the cheapest price for purchase. Furthermore, the internet can enhance consumer use product more efficiently and effectively than other channels to satisfy their needs. Through the different search engines, consumers save time to access to the consumption related information, and which information with mixture of images, sound, and very detailed text description to help consumer learning and choosing the most suitable product (Moon, 2004). However, internet shopping has potential risks for the customers, such as payment safety, and after service. Due to the internet technology developed, internet payment recently becomes prevalent way for purchasing goods from the internet. Internet payment increase consumptive efficiency, at the same time, as its virtual property reduced internet security. After service is another way to stop customer shopping online. It is not like traditional retail, customer has risk that some after service should face to face serve, and especially in some complicated goods.
Tutorial on Creating Quality Online Shopping Experience 20170112Adams Company Limited
This is a presentation delivered by Matthew Kwan, Principal Consultant of Adams Company Limited (www.adamshk.com) for Hong Kong Retail Management Association (HKRMA) about creating quality online shopping experience. The session also covered the specific requirements for the newly launched Quality e-Shop Recognition Scheme for those interested parties.
Find great deals at Australia's number one online shopping department store, Deals Direct. Buy a wide range of products and gifts at discount prices with low cost shipping to your door. please visit www.dealsdirect.com.au/
In this slide, following topics have been covered in context to E-commerce.
- What is E-commerce?
- Why we need E-commerce?
- Impact of E-commerce
- E-commerce channels
- Top 10 biggest E-commerce companies
- Impact on Market and Retailers
- Advantages of E-commerce
- Disadvantages of E-commerce
- Types of E-commerce
- Future of E-commerce
Retail Shopper Behaviour, process of consumer buying in retail, Need recognition, stimulating need recognition, information search, types of buying decision
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2. Introduction
• E – Tailing stands for Electronic Retailing.
• Combination of E – Commerce and Retail.
• The sale of goods and services through the Internet.
• It can include business-to-business and business-to-consumer sales.
• E-tailing revenue can come from the sale of products and services,
through subscriptions to website content, or through advertising.
• Beneficial to both customers and retailers.
3. Process
• 1. Customer Visit: The customer access
the website of the e-tailer through his/her
mobile, PC, or Laptop.
• 2. Choice of the Product: After visiting the
website, the customer chooses the product
he/she wants.
• 3. Registration: Customer may be asked
to register within the website. He/She
needs to login before ordering.
Several websites allows as Guest.
4. Process
4. Ordering: The buyer can order items.
For ordering there are few steps:
Submit the order
Enter your name
Enter your phone/mobile no
Enter your Email ID
Enter your address with land mark
Delivery preferred time
Enter your order
Submit
5. Process
• 5. Payment : Several methods of payment are possible:
Credit/Debit Card: The buyer will need a credit card or debit card for most
sites. Allow the website to save the payment details so the buyer do not have
to provide a card number every time he/she shop.
Net Banking: Majority of the website support a large number of bank. The
security of transactions are ensured using secure gateways.
Cash on Delivery(COD): If the customer chooses to pay when the product is
delivered only basic details will be collected. Easiest and the most secure way.
6. Process
• 6. Product Delivery: It depends upon the
nature and availability of the product.
The products are not delivered by the E-tailers.
It is done by Third party logistic providers like
Bluedart, Aramex, Delhivery, IndiaOnTime,
First Flight etc.
They would be given notice of the order placed.
After that the product is shipped.
• 7. Customer Feedback: The experience of the customers can be
accessed. The review of the product can be shared by the customers
through their emails or company website.
7. Types of Goods handled in E-tailing
Goods
Non-
Perishable
Perishable
8. Non-Perishable Goods
• Non-perishable are items that do not spoil or decay.
• Example: canned goods, all pasta types, sugar, flour, curls, spices.
• Transportation and storage is much easier in the case of Non –
Perishable Goods.
9. Perishable Goods
• Goods that are subject to decay or spoilage. Such as food,
pharmaceuticals, flowers.
• Meat, poultry, fish, shellfish and dairy products or any cooked
vegetable, starch or grain products.
• Proper care should be taken for their transport and storage.
• Process involved is same as that of Non – Perishable goods, but the
transportation mechanism varies.
10. Perishable Goods
Issues:
Food will spoil if exposed to improper temperatures or humidity levels or long
periods of time prior to consumption.
Pharmaceuticals can become unsafe or ineffective if temperatures or humidity
levels exceed allowable ranges.
Plastic becomes brittle in low temperatures.
Government Regulations.
Solutions:
Choosing the right type of packaging like thermal packing and testing it before
shipping.
Selecting a provider that can offer visibility into your packages at all times and
provide temperature monitoring in transit.
Use testing chambers to simulate the range in temperatures and humidity levels
that goods may encounter.
Choosing proper mode of transport - truck, ship, rail, or plane.
11. Advantages
• 1. Cost: The presence of software like e-tailware has made it an
extremely simple task for online retailers to keep up-to-date with
prices of the competitors.
• 2. Access : The consumer does not have to travel or go anywhere to
see the products/services of online retailers.
• 3. Inventory: Larger number and variety of inventory, both products
and services can be placed online without worrying about limited
space and product placement on shelves.
12. Advantages
• 4. Flexible time: From the comfort of ones home, individuals can
access the E-tailing sites 24/7 and even shop in the middle of the
night.
• 5. Globalization: In today's day and age, to be successful, one has to
market its products globally.
• 6. Consumer data collection through cookies and web usage.
• 7. Customers avoid unpleasant sales environments-stress.
13. Disadvantages
• 1. Cost for website maintenance.
• 2. Fulfillment problems: Slow delivery time is the concern mentioned
by most online shoppers.
• 3. Payment and security concerns: With major problems like credit
card frauds and scams, people are worried that their private
information will be used and abused if given out online.
• 4. Lack of sensory appreciation of product/sense stimulation:
Firstly, For products like perfumes we need to smell it. Secondly,
it is very difficult to determine quality over the internet.
14. Disadvantages
• 5. Lack of sales persons and personal service: Some individuals seek
1-on-1 advice of sales employee and are unable to make online
purchases without such help.
• 6. Lack of social environment: Seeing and understanding the company
culture is of utmost importance to some shoppers.
• 7. Technological issues: Some entrepreneurs feel helpless, as they
have to be dependent on others to run their online retailing sites.
• 8. Difficulty in return of goods: Some consumers find that the
idea of sending back a product that they don't like is extremely
time consuming.