E commerce

By-Rajat GandhiSY BBARoll No.- 07

What is E-CommerceE-Commerce means Electronic Commerce.

Buying and selling of products or services over electronic systems such as the Internet.

Business conducted through- Computers, Telephones, Fax machines, Credit cards, ATM

Þ It includes activities such as Order entry, Transaction processing, Payment, Inventory control, Order fulfillment, and Customer support.

E-Commerce

Uses of E-Commerce• Uses:- Electronic funds transfer

- Supply chain management

- Internet marketing

- Online transaction processing

- Electronic data interchange (EDI)

- Inventory management systems and

- Automated data collection systems

E-Commerce

How e-commerce works: Typical use of “World Wide Web

Most e-commerce involves the transportation of physical items.

Almost all big retailers have electronic commerce presence on the World Wide Web.

Mostly it conducted between B2B & B2C.

E-Commerce

Advantage-Disadvantage(for consumer)

Advantage DisadvantageNo checkout queues Unable to examine products

personally

Reduced prices Not everyone is connected to Internet

Transaction can be done from anywhere

Risk of being hacked

Easy access 24/7 On average 1/9th of the stock is available online

E-Commerce

Advantage-Disadvantage(for business):Advantage Disadvantage

Should increase their market Hardware and software are essential and these takes lot of spaces

Enables them to access international markets

Distribution must be very efficient

After they have paid off their capital costs, it should increase their productivity

Website would have to be constantly updated.

Maintenance cost is minimized. Has to depend on availability of power, internet, hardware, etc.

E-Commerce

Why people like to use e-commerce E-Commerce is very popular because E-commerce companies

are very easily accesible on net & also provide the door to door facilities.

In now days most of the company also provide Cash on Delivery Facility.

Free Shipping & also there are the policy of return if customer is not satisfied with the Product.

E-Commerce

Other side of E-Commerce

• Online Matrimony provide large database for arranged marriges.

E-Commerce

Jobs

Property

Online Shopping