Role of E commerce

May 29th, 2015
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Abilene Christian University
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EDI stands for electronic data interchange.The transfer of structured data, by agreed message standards, from one computer system to another, by electronic means and the benefit of EDI are mention below 1. 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-CommerceQ1 (a)Ans: Electronic Commerce is a general concept covering any form of business transaction or information exchange executed using information and communication technologies.E-Commerce can be applied to all, or to different phases, of trade cycle. The trade cycle varies depending on:The nature of the organization involved.The frequency of trade between the partners to exchange.The nature of goods or services being exchanged Q1 (b)Ans: One of the first applications of e-Commerce.Books has four advantages for the online retailer:They can be adequately described online. They are moderately priced.Many customers will wait for delivery.Delivery is manageable /affordable.Grocery SuppliesGoing to the supermarket can be just a chore - how much easier if, with just a few clicks of the mouse, the weekly shop could do.The logistics of an online supermarket are a bit different from other online stores:The supermarket stocks several thousand linesThe customer may well select (say) 60 of them.Groceries are both bulky and perishableCommon practice is to arrange a delivery slot with the customer.Q2 (a)Ans : EDI stands for electronic data interchange.The transfer of structured data, by agreed message standards, from one computer system to another, by electronic means and the benefit of EDI are mention below1. Shortened ordering time - It save time from postal orders which takes generally 3-7 days depends on size of organisation and give a comfort

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