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
The introduction of e-commerce has diminished the effect of geographical barriers. Finally, modern market environment forces companies to implement e-commercial activities in their course of actions in order to be competitive. Brilliant innovation in field of trading is the m-commerce, which itself is an appendage of traditional electronic commerce, rapidly gains the approval of the customer audience. In addition, despite of common basis both types of commerce have several significant distinctions and we need to define these two terms in order to have a clear picture on how they differ. Both e-commerce and m-commerce is a field of marketing where selling, distributing and servicing activities done on the Internet with a help of various devices.
Electronic business (e-business) can be defined as the use of the internet to network and empower business processes, electronic commerce, organizational communication and collaboration within a company and with its customers, suppliers, and other stakeholders. E-businesses utilise the internet, intranets, extranets and other networks to support their commercial processes (Colin Combe, 2006). Companies go online to engage in advertising, buying and selling of products and services. Due to the increased competitiveness in the hypermarket industry, the adoption of e-business has helped companies gain a competitive edge over their peers in terms of reduced costs, increased revenue streams and greater customer satisfaction. Operational costs such
The following report will seek to explain the difference between E-Business and E-Commerce providing examples where applicable to support the answer. Most if not all companies nowadays have realized that the Internet is not only here to stay but that its influence in the way business is conducted will increase with the passage of time. We have all heard the terms e-business and e-commerce being used quite frequently but what do these terms really mean and what are the differences between the two terms that are being used. E -business and e-commerce are terms that are used to differentiate one vendors' product from another. Both terms are different, and that difference matters for today's companies.
E-Business is using the conduct of transactions by means of electronic communication networks, primarily the internet. It is about integrating company processes with an internal organizations process. E-Business is only a fraction of how big the internet is, but it is one of the fastest growing markets in the business world today. This can be seen on how reliant we have become on E-businesses to purchase products from global companies such as Amazon, Ebay and Macy’s who are based in the United States. Question 1 – Carry out an analysis of how E-Business can influence the nature of competition in the industry in which the company operates and the resultant implications for e-business strategy.
The purpose of this research is to check that why and how people are being motivated towards online shopping and does this motivation leads to the help businesses to expand and generate more revenues. With the help of many of the sources it is clear that the people are being motivated towards online shopping due to technological advancements and to spend lesser time on shopping. Technology has taken over. Everything is done using a machine even people have preferred shopping online. The trend is growing too fast increasing revenues from the online retailing.
While the Internet and e-commerce are indeed changing the means business is done around the world, it does not mean that all the old business models should be thrown away. At its heart, the web is a revolutionary communication medium and it is changing the way information flows within business organizations and between such organizations and their external constituents. Clearly the biggest impact of the web will occur in areas where information flow' is most crucial - e.g. financial 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.
Today the Internet is the best way, was a supply channel and distribution complete and walking in consumer-oriented in the forefront of this development is the electronic applications of financial products and services. Due to the rapid spread of cyber EFT is an alternative channel for the provision of banking services and products. In Sri Lanka, the banks are now online services and ETF as head of the Bank of Ceylon, Sampath Bank Commercial Bank of Sri Lanka, are beginning to appear. Electronics is now considered a strategic weapon and will revolutionize the way banks operate, deliver and compete with each other, especially when the competitive advantages of traditional branch networks is rapidly eroding (Nehmzow, 1997; Seitz,
The threat of new online commerce entrants refers to new startup competitors in the industry. On the other hand, new digital products are threats since the Internet facilitates marketing with a broader scope at a lowered cost. Lastly, new business models means discovery of new ways in service delivery. Sell-side Threats The sell-side threats of the e-business by the Panda Company would be customer power and knowledge, and power of intermediaries. Customer power and knowledge is considered to be the most significant threat to online commerce.