Introduction The existence of many sophisticated computer systems and various innovations in the Computer Age justifies the need for new ways of sales in society. The need for share of information in a so called ‘global network’ and man’s desire to communicate from long distances called for the birth of the World Wide Web (formerly known as ARPANET). With the advent of the internet, many of the mundane tasks and businesses became feasible. Things like buying and selling can now be done online. Consumers no longer need to move from their place. A few clicks from their home would suffice enough to do the job. Not only the Internet facilitate purchasing, but it also provide s distance education. Students can earn a degree by taking an online education by means of the Internet. 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. Consequently, e-business and especially online shopping is crucial for retail stores. They should provide necessary infrastructure for selling their products online. By taking advantage of e-business not only they can get competitive advantage of online shopping, but the... ... middle of paper ... ...rstanding the difference between GP, NAV, SL and AX”. Viewed 14 May 2014. Rayne, PB, Kulkarni, P, Patil, S & Meshram, BB 2012, ‘Authentication and Authorization:Tool for Ecommerce Security’, Engineering Science and Technology: An International Journal, vol. 2, no. 1, pp. 150-157. Schneider, GP 2011, Electronic commerce, ninth edition, Joe Sabatino, Boston. Symantec 2013, Secure Sockets Layer (SSL): How It Works, Symantec, viewed 15 May 2013, . The Iconic 2013, Return, The Iconic, viewed 15 May 2013, . Yahia Zare Mehrjerdi, (2010) "Enterprise resource planning: risk and benefit analysis", Business Strategy Series, Vol. 11 Iss: 5, pp.308 – 324.
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Technology plays a big part of the e-retailing industry. It has many positive qualities that impact the industry. Technology simplifies the purchasing process. Since the industry is web based, it helps eliminate the nuisance of not having products when wanted by having the capabilities of placing orders 24/7 at any computer with web access. Technology will also standardize the purchasing process thus reducing processing costs associated with traditional processing.
Clothing stores often overstocked merchandise, clothing that has been returned by customers or items that are past their sell-by season. It would not be good business for these stores to throw out merchandise. Clothing stores have been known to donate some of their clothing but this is not something that most of them do. Giving away amounts to loss in profits and that is just not good business. Clothing stores often work with wholesale pallet companies who buy all the excess stock in bulk to resell. What the wholesaler does is pick up and pack merchandise into big pallets and sell at a cheaper rate. Where can you find these bulk wholesalers that sell by the pallet? The internet, of course. Finding wholesalers might be as easy as typing a few
...l for enterprise resource planning implementation¡±, Proceedings of the 7th European Conference on Information Systems, Vol. 1, pp. 273-97.
Since its comet-like boom in the nineties the internet has attracted myriads of companies to do business on this boundaryless media. And the boom does not seem to stop. eCommerceis a catchword, which stands for a whole branch of new types of businesses that mushroomed up in the last couple of years. Retailers, all sorts of companies, even law offices are using the web for their daily business. There seems to be no comparable other way to develop and exploit global markets. The internet is more and more used as a fast, innovative and cost-saving tool to gain and serve customers where they feel most comfortable and relaxed, namely right in their office or at home (Jonscher, 1999, p.204). In the following there are just three examples of companies, which base a significant fraction of their business on the web.
The Internet has become a key ingredient of strenuous and busy lifestyle. ‘Internet’ has become the central-hub for communication, explorations, connecting with people or for official purposes. Resultantly, Internet growth has led to a plethora of new developments, such as decreased margins for companies as consumers turn more and more to the internet to buy goods and demand the best prices.
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The future of economic competitiveness for most enterprises relies on entrance and active participation in the e-commerce market. An essential problem with e-commerce is that the controls and organization are different for each site. There is no standard way of building t...
In today's business world, many consumers prefer a company's presence & position on the internet. E-Business is a magical marketing tool for most companies. The term attracts attention and affects the fundamental tasks of a company's day-to-day operations. Companies have not confused the financial woes of various venture capitalists in the dot-com industry with the wide-range of possibilities offered via e-business. If positioned properly, a company could effectively influence the opportunities on e-business in a well-managed manner.
E-retailing can be described as information technology that have placed the processing and operations of retail business to computer networks, or the Internet. E-retailing had solved time—or more, than that, it has given businesses more time, better accessibility to their customers. With that solved, business can focus better on their core services such as distribution, marketing, networking, etc. One of the best features of e-retailing is the information exchanged between the business and their customers, which is critical in improving customer satisfaction and in product augmentation. Hence, in terms of information technology, e-retailing came in as advantageous in electronic business application driven at commercial transactions. But how do companies succeed at e-retailing? Therefore, in this paper, I would be highlighting the top ten factors to e-retailing success, starting with the identification of target markets as the first.
While in today’s environment, buying and selling through internet are the trends. Research shows that the growth for people and business involving in e-business is increasing. According to (Ho and Lin, 2010), information technology as a rapid growth field, is one of the most important
In today's competing world, many organizations are rethinking their strategies in terms of the online business and its capabilities and culture. Organizations are taking advantage of the widespread web to buy and sell goods from other companies and recently from individual customers. Exploiting these opportunities of convenience, availability and widespread reach of the web or Internet, many companies such as Amazon have benefited from the use of web successfully.
Economy is one of the factor that drive each country forward. Variety of business could help boost up the face of the country’s economics. With human’s needs rapidly changing every passing day, all kind of method of business come pouring out to satisfy the needs being given. Online business is a new comer phenomenon of marketing strategy that is also major in rising the country’s economics. Due to its stability and availability, it has become one of the most common ways to shop nowadays. However, the good has its bad, the flaw of online shopping is that it could not obtain some products or it is not wise to obtain those products the same way as the physical store for instance, clothing, electrical goods, and plants. Online shopping is a great
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.