Updated date:

IMPORTANCE AND USES OF E. COMMERCE

Author:
importance-and-uses-of-e-commerce

1.     Exploitation of New Business

Broadly speaking, electronic commerce emphasizes the generation and exploitation of new .business opportunities and to use popular phrases: “generate business value” or “do more with less”.

2.     Enabling the Customers

Electronic Commerce is enabling the customer to have an increasing say in what products are made, how products are made and how services are delivered (movement from a slow order fulfillment process with little understanding of what is taking place inside the firm, to a faster and rt1ore open process with customers having greater control.

3.     Improvement of Business Transaction

Electronic Commerce endeavors to improve the execution of business transaction over various networks.

4.     Effective Performance

It leads to more effective performance i.e. better quality, greater customer satisfaction and better corporate decision making.

5.     Greater Economic Efficiency

We may achieve greater economic efficiency (lower cost) and more rapid exchange (high speed, accelerated, or real-time interaction) with the help of electronic commerce.

6.     Execution of Information

It enables the execution of information-laden transactions between two ore more parties using inter connected networks. These networks can be a combination of ‘plain old telephone system’ (POTS), Cable TV, leased lines and wireless. Information based transactions are creating new ways of doing business and even new types of business.

7.     Incorporating Transaction

Electronic Commerce also inco11'orates transaction management, which organizes, routes, processes and tracks transactions. It also includes consumers making electronic payments and funds transfers.

8.     Increasing of Revenue

Firm use technology to either lower operating costs or increase revenue. Electronic Commerce has the Potential to increase revenue by creating new markets for old products, creating new information-based products, and establishing new service delivery channels to better serve and interact with customers. The transaction management aspect of electronic commerce can also enable firms to reduce operating costs by enabling better coordination in the sales, production and distribution processes and to consolidate operations arid reduce overhead.

9.     Reduction of Friction

Electronic Commerce research and its associated implementations is to reduce the “friction” in on line transactions frictions is often described in economics as transaction cost. It can arise from inefficient market structures and inefficient combinations of the technological activities required to make a transaction. Ultimately, the reduction of friction in online commerce will enable smoother transaction between buyers, intermediaries and sellers.

10.   Facilitating of Network Form

Electronic Commerce is also impacting business .to business interactions. It facilitates the network form of organization where small flexible firms rely on other partner, companies for component supplies and product distribution to meet changing customer demand more effectively. Hence, an end to end relationship management solution is a desirable goal that is needed to manage the chain of networks linking customers, workers, suppliers, distributors and even competitors. The management of "online transactions" in the supply chain assumes a central roll.

11.   Facilitating for Organizational Model

It is facilitating an organizational model that is fundamentally different from the past. It is a control organization to the information based organization. The emerging forms of techno-organizational structure involve changes in managerial responsibilities, communication and information flows and work group structures.

Comments

Soham on November 07, 2017:

Good information. Very useful for making projects

Wilbert on March 14, 2017:

Thanks for the efforts

audrey m on January 26, 2017:

thanks for sharing this website

MURUGAN. MS on October 27, 2015:

I like E-Commerce

krupal on October 05, 2015:

It's good...

chelimo asadi on February 12, 2015:

it was the best information and facts

anchal on August 09, 2014:

It's good nd use ful

raaaaaaaaaaaa on March 01, 2014:

its very usefulllllllllllll of all

buddy band leader on November 11, 2013:

thank for sharing this information it helped me a lot to cpmplete my s.p project

, jl on November 11, 2013:

.;o/.p'

frank leecrew on May 26, 2013:

importance of technological world;e-commerce endeavors improvement

k diee on March 27, 2013:

I'm tired of girl' trap

.......

s

omega seamaster replica on February 10, 2013:

christian for women over 40 Corso Como Prose Women"s Wedge Pumps, Brown Sears swiss watches NEW DIAL CLOCK HOURS HAND DATE WATER BLACK BROWN LEATHER MEN WRIST WATCH WH136-B Shop old fashion swiss watches with yellow Chase-Durer Men"s 246.4BB7-XL-BR Special Forces 1000XL Black Ionic-Plated Underwater Demolition Team Watch 6pm by vintage inspired designer swiss watches Newly listedSeiko Flightmaster Chrono Alarm Watch SNA411 for parts or repair tag heuer replicas watches Kids Size Colorful ice style Silicone Jelly Wrist Sport Watch Shop Nordstrom by tiered elaborated swiss watches for a pre teen ure bow pump and adds a platform for shoe that reaches new heights of fashion. Patent leather. Tonal topstitching. Peep-toe. Bow detail at top of vamp. Covered platform with 4 9/10in heel. Made in Italy. NEW CHRISTIAN LOUBOUTIN BLACK DECOLTISSIMO SHOES HEELS PUMPS SZ 40

ANUSH on December 19, 2012:

why do u say this, i will take you down son!!!!!!

nini on December 19, 2012:

DIE ANUSH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

ANUSH on December 19, 2012:

SUPERB

Aayush on December 13, 2012:

I like big men.

aayush on December 12, 2012:

god dam it bill

nini on December 12, 2012:

john had a pie he consumed the pie with great precision.earlier on he put a dounut in the bath to see if it would float, is his nan 84 years old.

give your answer as a percentage :

me on December 12, 2012:

bill, go die!!!!!!!!! luv ya :*

bill welch on December 12, 2012:

it was me who said those horrible things about jamie. im sory and im going through rehab to get the addicting taste of dick out of my mouth. i hope you can forgive me. love bill (william) xxxxx

Jamie Ravilious (JRav) on December 07, 2012:

I get beaten by my mother everyday. I hate my life and everybody always forces me to lick baby monkeys. Help. Please, can anyone recommend a nice way to kill myself?

william farrel on December 07, 2012:

willy

yasper on December 05, 2012:

too many silly people on this site making stupid comments ps i love the pp in the bb plus aayush knows that i really love him, but i don't cos im not asian xxxxxxx

james sturman on December 05, 2012:

hi i am a vegetarian and i have been for a while i am now moving to the middle east to get my fix of willys.

morten on December 05, 2012:

big willys in my bum yum yum

Jamie RAVILIOUS on December 05, 2012:

OOOOH, MEN,

Jamie Ravilious. on December 05, 2012:

I am Jamie Ravilious, call me at 999.

Jamie Ravilious on December 05, 2012:

I am so attracted to men.

Jamie Ravilious on December 05, 2012:

I love e-commerce almost as much as I love men.

Jamie Ravilious on December 05, 2012:

I am Jamie Ravilious. I'm gay. I go to Walton High school and am in year 11. I suck long bananas. I lick them, too. I love the taste of men. I rape baby monkeys in my spare time and have no friends. Help me.

jrav on December 05, 2012:

i love men 2

JOHN on December 05, 2012:

i LOVE MEN

komal on December 04, 2012:

e commerce is gud

neha rawat on December 04, 2012:

i like e com

Raman ghumaan on November 16, 2012:

I study e commerce

samak on October 25, 2012:

tera khandaan kondam

asha on October 25, 2012:

maa ki aankh

imi on October 25, 2012:

fuck your ass

ramu on October 25, 2012:

behen ke laude

om on October 25, 2012:

maa ki chut

aadarsh on October 25, 2012:

i am on facebook!!!!

dev on October 25, 2012:

very good but not efficient

Keshav on October 25, 2012:

must improve

julius hizza on October 13, 2012:

i amin tanzania aka bongo nice when u check me on face book

Hey on May 10, 2012:

Toe Nail

james goodey on May 10, 2012:

http://en.wikipedia.org/wiki/Giraffe

Karim Jaffer on May 10, 2012:

i was involved in the London riots and got put on tag for 8 months i also smoke weed in the woods at lunch

steven aladiran on May 10, 2012:

why u muggin off my fellow zoo mates

Matt Wardman on May 10, 2012:

hey don't be mean about my friend jon or i will hurt you

dghjtj on May 10, 2012:

tjtyjtyjyjjty

jon gabb on May 10, 2012:

i am also gay and am looking for a relationship iu like a man with a bendy one

jon gabb on May 10, 2012:

it was me who posted the stuff about matt wardman

matt wardman on May 10, 2012:

http://www.google.co.uk/imgres?q=giraffe&um=1&...//www.bbc.co.uk/nature/life/Giraffe&docid=LQQtqMU6IcTlUM&imgurl=http://www.bbc.co.uk/nature/images/ic/credit/640x3...

ed hulll on May 10, 2012:

guys, yes i am fat does not mean i cant do things right

specky fuk on May 10, 2012:

www.harrypotter.com

Specsavers on May 10, 2012:

http://www.specsavers.co.uk/

Matt Wardman on May 10, 2012:

i have an abnormally long neck and i also got rejected by bethan meighan and i raped hannah smith and look like a giraffe . i am also a tramp with one pair of trainers

shaqnel on May 09, 2012:

Enough information about e commerce is stated in the blog. This would be the trend of modern technology. Thank you for sharing such great ideas. These are additional knowledge for the successful growth of Dirigo Creative or go to http://dirigocreative.com/.

matt wardman on May 09, 2012:

i have a long neck and got mugged of by bethany meighan

edward hull on May 09, 2012:

yes guys this is totally rad ecommerce has developed are lives massively and i love men

karim on May 09, 2012:

i love this

minakshi on April 27, 2012:

what is e-commerce

jeff on April 17, 2012:

ya commerce is coog enough that may include the study of whole economy!

jenny on April 08, 2012:

i hate eCommerce............

ANKITA PRASAD on February 23, 2012:

I M THANKFUL TOOOO MODERN TECHNOLOGY......COOL

harry on February 09, 2012:

awesome dude

aka on May 16, 2011:

nice website....good for girls :)

maya sharama on December 20, 2010:

I like e-commerce

Boo McCourt from Washington MI on October 30, 2009:

How the heck did we survive without e-commerce all this time. Well written and interesting.

Waren E from HAS LEFT THE BUILDING............ on October 07, 2009:

Thanks for breaking it down so well,thus understanding came easy!

thanks for sharing this!

i imi (author) on October 02, 2009:

thanglynn07

mdawson17

Peggy W

BrianS

Rubes

Thanks to all

Rubes from Somwhere up high on October 01, 2009:

That's a crazy picture you put up. lol. It fits in with the article real well. Write some more.

Brian Stephens from Castelnaudary, France on October 01, 2009:

Yes a lot of benefits associated with ecommerce but we still need to be wary of information overload as well for example getting copied on lots of emails that you do not need to be.

Good hub, made me think about it.

Peggy Woods from Houston, Texas on October 01, 2009:

Would be hard to go back to the Dark Ages!

mdawson17 on October 01, 2009:

This was a very good hub; very informative! I have bookmarked it! Thanks for sharing such great information!

mdawson17

i imi (author) on October 01, 2009:

thx 4 sharing

thanglynn07 from Long Beach, CA on September 30, 2009:

I am very appreciative of modern technology!