The revolutionary change in consumer shopping and the advantages of e commerce

Ronak Meghani Image Credit: New technologies are constantly entering the e-commerce market with new directions, dimensions, and promises.

The revolutionary change in consumer shopping and the advantages of e commerce

A more complete definition is: E-commerce is the use of electronic communications and digital information processing technology in business transactions to create, transform, and redefine relationships for value creation between or among organizations, and between organizations and individuals.

Is e-commerce the same as e-business? While some use e-commerce and e-business interchangeably, they are distinct concepts. It includes any process that a business organization either a for-profit, governmental or non-profit entity conducts over a computer-mediated network. A more comprehensive definition of e-business is: Production processes, which include procurement, ordering and replenishment of stocks; processing of payments; electronic links with suppliers; and production control processes, among others; 2.

Internal management processes, which include employee services, training, internal information-sharing, video-conferencing, and recruiting.

IoT eCommerce Revolutionizing Retail Trends

Electronic applications enhance information flow between production and sales forces to improve sales force productivity.

Workgroup communications and electronic publishing of internal business information are likewise made more efficient. It includes e-commerce and e-business.

The framework shows four layers of the Internet economy-the three mentioned above and a fourth called intermediaries see Table 1.

E-markets are simply defined as Web sites where buyers and sellers interact with each other and conduct transactions. Most B2B applications are in the areas of supplier management especially purchase order processinginventory management i. Table 2 shows the projected size of B2B e-commerce by region for the years There are three cost areas that are significantly reduced through the conduct of B2B e-commerce.

First is the reduction of search costs, as buyers need not go through multiple intermediaries to search for information about suppliers, products and prices as in a traditional supply chain.

In terms of effort, time and money spent, the Internet is a more efficient information channel than its traditional counterpart. In B2B markets, buyers and sellers are gathered together into a single online trading community, reducing search costs even further.

Second is the reduction in the costs of processing transactions e. Third, online processing improves inventory management and logistics. Through B2B e-markets, suppliers are able to interact and transact directly with buyers, thereby eliminating intermediaries and distributors.

However, new forms of intermediaries are emerging. For instance, e-markets themselves can be considered as intermediaries because they come between suppliers and customers in the supply chain.nice to have, but they could hardly be called revolutionary.

glamorous consumer side of content and shopping on the one hand, and the seamy buying and selling over the Internet, or e-commerce, and deep into the processes and culture of an enterprise. THE FUTURE OF GROCERY E-COMMERCE, DIGITAL TECHNOLOGY AND CHANGING SHOPPING PREFERENCES In the consumer packaged goods (CPG) industry, change has been more evolutionary than revolutionary, but digital is redefining what it .

B) E-Commerce is B2C (business to consumer) while E-Business is B2B (business to business). C) E-Business is a broader term that encompasses E-Commerce (buying and selling) as well as doing other forms of business over the internet.

History of e-commerce:

Top Interview Questions on E-Commerce part Top Interview Questions on E-Commerce part .. has been more evolutionary than revolutionary A. consumer focused e-commerce B. B2C e-commerce C. the dot coms Top Interview Questions on E-Commerce part-2 | InfoTechSite.

Write A Comment Cancel Reply. Online shopping is a recent phenomenon in the field of E-Business with promising results indicating revolutionary change in shopping in the world. Accessibility and convenience are the key drivers.

The revolutionary change in consumer shopping and the advantages of e commerce

To date, however, the size of the B2G e-commerce market as a component of total e-commerce is insignificant, as government e-procurement systems remain undeveloped. What is C2C e-commerce? Consumer-to-consumer e-commerce or C2C is simply commerce between private individuals or consumers.

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