MANAGE AN E-BUSINESS
SUPPLY CHAIN: Case Study No. 2
The business model that eBay utilises is based on a person to person model. This model is also used in other forms such as garage sales and flea markets. This business model for eBay has been very successful due to the fact that there is no middleman. The lack of there being a middle man cuts costs for customers as they are dealing with the sellers themselves, which allows customers to bid at prices they are happy with or find an item that satisfies the price bracket they are looking for or willing to spend.
A dominant position is held by eBay due to the trust that is built on the safety of the consumers and sellers. The trust is gained by consumers and sellers through the knowledge that eBay monitors fraud. This gives eBay user’s security and peace of mind knowing that eBay has such high security and a stringent and trustworthy trading regulations. Other than the trust built from security, eBay also maintains a dominant position due to it catering to such a large demographic. It caters to all wants and needs through its ability to sell a large range of items.
The method eBay has deployed in order to reduce fraud is via a feed back system. This system allows consumers to make comments on sellers that are able to be viewed by all potential consumers. The feedback system reduces fraud by letting all consumers know how the seller typically deals with his or her customers. The feed back generally entails the quality of the product and whether or not the item actually matches the seller’s description. Consumers can also give feed back on the time it took to deliver an item so it can be estimated how long a seller will take to deliver. Once again on quality, this can be also verified by the images of the item posted by the seller, if the actual item does not match it, negative feed back will turn off future consumers from particular sellers.
It would be advantageous for a brand name vendor to set up shop on eBay. This would set the brand apart from other brands as their goods are getting views and purchases world wide, which has the ability to increase sales and spread its produces and brand name globally through satisfied buyers. The brand name vendor will also have a higher perception of high quality of goods and services over unknown sellers; this gives consumers more confidence to buy from a brand name vendor.
Consolidate and standardize inventories- The variety of items ordered and stocked in the surgery departments results in an overabundance of different products with inconsistencies in sizes and packaging. In the case of this hospital having multiple surgery departments supplies are scattered, and even the same supplies stocked in the departments. This causes inventories to require extra time for assembling materials disbursed throughout the surgery department. Damaged or outdated stock on shelves could be caused by overstocking and hoarding of supplies and instruments. "Cost containment pressures and quality improvement initiatives have prompted healthcare organizations to consolidate these inventories, standardize on certain supplies,
THe sself stoage trend that has been transpiring on reality TV has had a profound impact on the self storage auction industry as a whole. However the queestion that remains to be answwere is how has this trend affected the greator self sotrage business sectory? Many experts agree that the concept of the reality shows surroduning self storage auctions can be a tad bit misleading to say the least. This is due to the fact that tv shows suhc as Storage Wars paint a picture that self storage auctions occur quite frequnetly when in all reality this is far from the truth. In all acutialty, statistics demonstarte that only 1-2% of all storage units within the United Sates, subsqunetly get auctioned off.
A little more than 10 years ago, China’s path to e-commerce leadership would have been difficult to foresee, even as the tech boom in the US and other markets saw the development of e-commerce as an important B2C and C2C channel.
eBay needs to transfer its competitive advantage in the online auction industry into the area of
Online Auction e.g. eBay. In common with new online retail brands, before the emergence of Internet technologies, this concept was not possible. Essentially eBay is a Consumer-to-Consumer (C2C) business. For more information on how online auctions work, see the lesson on eMarketing and price.
and is especially popular among eBay customers. Fig.1 briefly illustrates Company’s business. The system enables its
Internet Business Models The Internet can help companies create and capture profit in new ways by adding extra value to existing products and services or by providing the foundation for new products and services. The Internet Business models are abstraction of what and how the enterprise delivers product or service, showing how the enterprise creates wealth by taking advantages of the Internet's rich communication capabilities. They provide the customer with a new product or service; they provide additional information or service along with a traditional product or service, or they provide a product or service at a much lower cost than traditional means. The most important Internet Business models that have emerged include: Virtual storefront. It sells physical goods or services on-line instead of through a physical storefront or retail outlet.
Business models are possibly the most discussed and least understood facet of the web. Brokerage models, such as Priceline.com are market makers: they bring buyers and sellers together to facilitate transactions. Priceline.com leads the way to a unique new type of e-commerce known as a "demand collection system". Priceline.com is the world's first online buying service through which consumers name the price they're willing to pay. Leveraging the unique attributes of the Internet, Priceline.com finds sellers willing to meet buyers' needs and price.
Buying and selling things is not new. As a matter of fact, people have been buying and selling things in one form or another ever since time began. It is part of life. We all need or want things that we can not provide for ourselves, so we have to find someone who can supply us with the items, and we pay them to provide us with these items we need or want. Ebay is an online auction service that helps people sell their items to people across the country, or even the globe, for a good profit. So if someone has been trying to sell something through the classifieds in their local newspaper and the item has not been selling, they could advertise it on eBay, and someone could buy it from another state. I want to explain how to sell, make profit, and have many return customers from listing items on eBay.Deciding what to sell is not as easy as it looks. There are two main types of items that can be sold. The first and most obvious are those items that are lying around the house that need to ridden of, like of those CD’s that are not listened to anymore, that old toy gotten as a kid, things like that. These items are great to sell to make some extra money, but they are a one time sale item, meaning once they are sold, they are gone and so is the chance at a recurring income.
EBay is an American internet based co-operation with its main headquarters in California. It was first set up in 1995 and has become one of the world’s most successful companies ever with ebay.com being the company’s main area of focus. Ebay.com is an online auction and shopping website where people and business have the opportunity to sell and buy goods and services worldwide.
E-commerce application is a platform where there is buying and selling of products and services which are done by businesses and consumers via an electronic medium, mostly without using any paper documents. “E-Commerce applications support transactions between businesses and their customers. They provide 24/7 customer support, allowing customers to order products, check orders and track shipping, review previous orders, reorder products, and manage their accounts.” (Auburn SeeWolf llc , 2009-2012)
E-commerce or electronic commerce is carrying out business communications and transactions through computers and over networks. It involves buying and selling of goods and services through digital communication. E-commerce also includes transactions on the World Wide Web and the Internet and means such as electronic funds transfer, smart cards and digital cash. E-commerce covers outward facing processes that interact with customers, suppliers and external partners such as sales, marketing, delivery, customer service, purchasing of raw materials and supplies for production.
What's e-business? It is the transformation of every business process through using the internet and associated technologies. In this transformation, each part of the business becomes a part of an intrinsic network, which enables employees, suppliers and customers of a given enterprise to conduct their tasks. People usually try to make a point in differing e-business from e-commence, but as I see, e-commerce is a part of the e-business category, and an important one.
E-commerce means that the company runs their business online, not like the traditional business way. We have to go the shopping mall or store to get goods that we need, E-Business is the enabling of electronic communication between any two or more participants in a business relationship. It helps companies capture abroad business field, cost saving, and market opportunity. E-commerce is an important factor that is making people’s lives more efficient.
The high take-up of the Internet leads to variety of opportunities in front of companies. People are more online than ever. They spend many hours each day on Social Networks such as Facebook and Google+. It is no wonder that buying and selling can now be done in a more convenient way. Although traditional shopping is still thriving, online shopping can be an alternative for people wanting to save time and money. If a certain customer plan to go shopping, it could be stressful and also be time consuming. E-business has made shopping or any kind of transactions online much easier and convenient. It introduces new facilities, opportunities and way of shopping for both vendors and customers.