EDI Transactions EDI transactions generally refer to the EDI messages that are sent between trading partners. EDI transactions are based on EDI standards, most often EDIFACT developed by the UN and used internationally, and X12 developed by the American National Standards Institute and used in US commerce. EDI transactions are denoted by a numbering scheme in the ANSI X12 standards, so an 850 is a Purchase Order and an 810 is an Invoice, for example. In EDIFACT these EDI transactions would be denoted ORDR and INVOIC. The EDI transactions that are most prevalent depend on the industry and particular use of the EDI transaction.
If many people believe that e-commerce is better than the conventional one, then they are totally wrong. E-commerce has a lot of disadvantages that the customers can not ignored. These are the disadvantages of e-commerce: 1. Limited customer service. If the customers want to ask for further details about the product, they could not ask the employee or staff directly.
With major online store we can see the offer up to 80% off. DISADVANTAGES OF E-COMMERCE 1. Security: The main disadvantage of e-commerce is the security and privacy. While e-commerce is easy and convenient, people are very serious about their personal details and bank details. Most of the websites are reputed.
Advantages of E-commerce to Consumers Faster buying/selling procedure, as well as easy to find products of the No:1 Digital Marketing Company More reach to customers, there is no theoretical geographic limitations. Low operational costs and better quality of services. 1. WIDE RANGE OF PRODUCTS AND SERVICES: Electronic commerce through the internet enables the customers to choose a product or service of their choice from any vendor anywhere in the world. Due to space constraint, a vendor can stock only a minimum amount of goods in the physical store.
Online marketing includes a huge range of marketing elements than traditional business because marketing has a lot more extra channels and marketing mechanisms available on the Internet. The importance of e-marketing: Global and wider reach : opens up new avenues for smaller businesses, on a much smaller budget, to access potential consumers from all over the world. Scope Internet marketing allows the marketer to reach consumers in a wide range of ways and enables them to offer a wide range of products and services. E-Marketing includes, among other things, information management, public relations, customer service and sales. With the range of new technologies becoming available all the time, this scope can only grow.
The Internet is relatively new medium for the communication and the exchange of information which has become present in our daily lives. The number of Internet users is constantly increasing, which is also significance that online purchasing is increasing rapidly (Joines, Scherer & Scheufele, 2003) Online shopping has been a growing phenomenon in all four corners of the world, in particular amongst countries possessing highly developed infrastructure available for marketing activities through the internet. Today, internet is not only a networking media, but also a global means of transaction for consumers. Internet usage has grown rapidly over the past years and it has become a common means for information transfer, services and
It covers a range of business types, from online auction to online retail stores to online movie sites to businesses trading goods and services to one another. "Going online" or making e-Commerce available to the public will boost an organization performance as it would improve customer service to a certain degree, increase profitability and market share, gaining a wider audience and delivering items faster. e-Commerce is not just about buying and selling online, it is also about electronic communication with stakeholders and other important people to the organization. In short, electronic commerce is not just about transactions but enhancing communications and transactions with the organizations stakeholders. Electronic Commerce is also very safe to conduct transactions if the company at hand is doing things right, security is very tight when it comes to money exchanges.
With the development of the Internet the concept of E-commerce and E-business became more and more popular. The term of E-commerce was first introduced by Turban et al. (2002). After that the concept of the online shopping as a separate process became more accepted. Nowadays there is a growing competition between physical stores and online e-commerce stores.
See Fig.1 below for more details (Rao, 2003). These stages of development show how businesses grow from one stage where there is little or no e-commerce use to where they are fully integrated into this platform. E-commerce has the ability to increase exponentially the productivity gains of an organization. It also has the potential impact to automate common processes such as logistics, sales, services, etc. In addition, because internet based can be used across any sector and firm, it is easy for it to be integrated into any value chain.