Electronic commerce is the process of selling products through the Internet.
There are two distinct segments of eCommerce Business to Business and Business
to Consumers. Retailers are mostly involved in B2C and import export traders are
often more in the B2B sector.
Every day, a growing number of people venture into the world of online commerce, or ecommerce, in order to sell their goods and services online. When merchants first venture into the online realm, they can get in over their heads by using solutions that are too costly, too complex, or just have way too many features than what the merchants truly need.
That s why you need to realize that the components of eCommerce you may need in
your website will be based on your business specifics. In general, all eCommerce
sites are a combination of some of the following business functionalities:
An eCatalog so that buyers can browse through the products you have to offer
The
optimized plans can be communicated quickly to the suppliers thereby reducing
the cost and waste usually involved in the supply chain. The advantages of
e-procurement
include a reduction of overhead costs such as purchase agents, as well as
improved control of inventories, and the overall improvement of the
manufacturing cycle.
E-procurement is mostly employed in purchasing small and less expensive
items such as office stationery. The traditional approach is still preferred
for more expensive products such as complex engineering machinery. However,
companies are increasingly recognizing the benefits of online sourcing.
Online procurement helps organizations to sketch out optimized plans for
managing the supply chain. E-procurement advantages not only include saving
money but also the simplification of the whole process.
The optimized plans can be communicated quickly to the suppliers thereby
reducing the cost and waste usually involved in the supply chain. The advantages
of e-procurement include a reduction of overhead costs such as purchase agents,
as well as improved control of inventories, and the overall improvement of the
manufacturing cycle.
