Importance of e_commerce

May 29th, 2015
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Abilene Christian University
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Shortened ordering time - It save time from postal orders which takes generally 3-7 days depends on size of organisation and give a comfort of time as you can do it in an hour or in a day 2. Cutting costs- The use EDI can cut lot of costs like stationary, postage and man power 3. Elimination of errors- No keying errors as EDI eliminates the source of errors 4. Fast response- Immediate acknowledgement and status report

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E-Commerce and e-BusinessE-Commerce1.1 What is e-Commerce: E-Commerce refers to the process of buying or selling products or service over an electronic network.E-Commerce is conducted via the Internet in which the most popular medium.It combines a range of process such as :Electronic Data Interchange (EDI)Electronic mail (E-mail)World Wide Web (WWW)Internet ApplicationsNetwork Applications.Basically e-Commerce involves the sale or purchase of goods or services over computer mediated networks. These goods or services may be ordered though these networks, but payment for them and the ultimate delivery of the goods and services may be conducted on or off line. Some analyst define e-commerce as simple buying and selling over electronic networks; and use e-business (buzzword) to refer to these wider range of supporting business activities that can be conducted over such networks.There are three basic components to every e-commerce solution:CommunicationsStandardsSoftware1.2 Existing Barriers:SecurityTariffsLegal issues1.3 History of E-Commerce:In 1950s companies began to use computers to store and process internal transaction recordsBy 1960s businesses that engaged large volume of transaction had began exchanging transaction information on punched cardIn 1968 Transportation Data Co-ordination Committee (TDCC ) was formed by some companiesIn 1979 ANSI (American National Standards Institute) chattered a new committee to develop unifo

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