Effect of E-business and on firm’s Supply Chain Introduction E-business is computing and communication through internet which has enabled a business to execute front end backend processes of a business. In today’s scenario it has become a key enabler to drive the supply chain integration. Business can use internet to • Gain global visibility across their extended network of trading partners • Help them respond quickly to a range of variables from customer demand to shortages of resources. By adopting e-business methods in the supply chain pattern we can achieve goals of reduced cost increased flexibility, faster response times more efficiently and effectively. In the past decade, electronic business has increased demand and attention from
Walmart is planning on diversifying their company with their initiatives on e-commerce and their Savings Catchers app. Moreover, Walmart can enhance their diversification brand by offering installation services for their furniture, entertainment systems, and radio installations for automobiles. Having a diverse company that is a one-stop shop for customers makes it very convenient for
AYE Supermarket also chooses the strategies that suit to its business and applies some information technology to improve its strategies as the following: 1. Cost Focus Strategy: AYE Supermarket can bring an IT software to help in collecting data from either customers or the company. Thus, AYE Supermarket can analyze a better plan to gain more customers by satisfying them with the right offers. The supermarket can also increase revenue by the growth of customers and reducing the unnecessary expenses, and reduce wastes that occur in the supermarket. Hence, it suits the Cost Focus because AYE Supermarket can use this strategy for distinguishing the particular products in order to create promotions or sell them.
The role of technology is important to organizations, if they want to compete in the global arena. E-business can help those organizations to achieve this goal, where they can connect to their stakeholders all over the world. E-business gives other advantages for businesses and their stakeholders. Many improvements in several areas arise from the adoption of e-business, which are cost performance, customer service, process capability, and dependability. Although the great benefits of e-business, there are not a few number of organization that not introduce it yet (Azyanee, et al.
Electronic marketing is the marketing of goods and services through the use of communication technology and latest electronic technology that is via Internet.E marketing includes all activities of companies to advertise, promote, and sell the goods and services through internet. It includes direct marketing methods and indirect marketing methods and uses latest internet technology to connect with the customers.With the help of e marketing companies tries to retain old customers and businesses and tries to get new customers and develops companies goodwill and identity. Electronic marketing is generally referred to the policies and latest techniques which
Technological advancements in e-business and ecommerce have enabled companies such as the K Club to have a global presence. Two drivers for adopton of and updating of digital technology are 1; Cost/efficiency drivers which increase speed of business processes reduce operating costs and 2; Competiveness drivers which force the organisation to maintain and grow market share. An effective well maintained online store will allow the K Club’s merchandise to be sold from multiple platforms worldwide. It is important that the Zero Moment of Truth (ZMOT) (time before a potential customer purchases a product online) is made as efficient and comfortable as possible to encourage the transaction to
(O’Connor, 2008) Travel agents are no longer strangers to modern technologies. Travel agents presently use internet for managing reservations, accounting as well as inventory management systems. (Standing and Vasudavan, 1999) It is a very noticeable fact that travel agents nowadays try to maximise their productivity by involving themselves in collaborative product development with their partners. The industry focus on more customer relationship to sustain competitive advantage. Customer competence in the market can be considered as a key resource which helps the industry to attain this.
Disadvantages, as well as challenges faced, such as, perceptual issues, legal and ethical issues are highlighted as well. Furthermore, some suggestions and recommendations are given to further improve the e-Business site, such as; by adding live chats, keeping your website updated, sending thank you cards, having good photography skills and easy search engines are discussed.“Leadership in telecommunication is essential, since we are now in the age of e-Commerce” – Michael Oxley. In simple words, eBusiness is basically a company conducting business processes via the internet. E-Business involves business processes such as buying or selling goods, providing goods and services, providing customer services, processing payments and etcetera. However, there are some problems encountered in eBusiness.
Electronic business has increasingly become a necessary component and strong factor of business strategy and development. (Salehi, 2009) wrote “The internet has made a new competitive environment for businesses rethink certainly adapt technology to increase efficiency and effectiveness of the business processes. The method of finding and hiring the best-qualified
Wells et al. (1995) noted that advertising is the way in which businesses communicate with their consumers. With the rapid growth of technology, the internet can be used by businesses to deliver any advertisement that can be viewed by anyone with an internet connection. This shows the convenience of internet marketing to both advertisers and consumers. The internet also shows businesses the effectiveness of an advertisement, by providing statistics on how many people saw the advertisement, and how long it was viewed, giving advertisers more comprehensive information on the effectiveness of their marketing