3. ï Electronic commerce, commonly known as e-
commerce, is a type of industry where buying
and selling of product or service is conducted
over electronic systems such as the Internet
and other computer networks.
ï It was invented by Michael Aldrich in 1979.
4. E-Commerce is based on following
technologies:
ï Mobile Commerce
ï Electronic Funds Transfer (EFT)
ï Supply Chain Management
ï Internet Marketing
ï Online Transaction Processing
ï Electronic Data Interchange (EDI)
ï Inventory Management Systems
ï Automated Data Collection Systems
5. E-Commerce can be divided into:
ï E-tailing or âvirtual storefrontsâ
ï Electronic Data Interchange (EDI)
ï E-mail and fax and their use as media for reaching
prospective and established customers
ï Business-to-business buying and selling
ï The security of business transactions
8. Business-to-consumer:
E-Commerce, in which organizations provide
information online to customers, who can in turn
place orders and make payments via the internet.
ï It allows customers to make enquiries about
products, place orders, pay accounts, and obtain
service support via the Internet.
ï It is the second largest and the earliest form of e-
commerce.
ï Eg., Amazon.com, Flipkart.com, Ebay.in
9. Business-to-business:
ï It comprises the major (80%) of electronic
transactions, involving the supply chain between
organizations and their
distributors, resellers, suppliers and other
partners.
ï Efficient management of the supply chain can cut
costs, increase profits, improve
relationships with customers and suppliers, and
gain competitive advantage.
10. Consumer-to-consumer:
ï in which individuals sell products or services
directly to other individuals.
ï Auctions are the most popular method of
conducting business between individuals over the
Internet.
ï Other C2C activities include classified
advertising, selling of personal services such as
astrology and medical advice, and the exchange of
files especially music and computer games.
11. Business-to-government:
ï It is generally defined as commerce between
companies and the public sector. i.e for public
procurement, licensing procedures, and other
government-related operations.
M-Commerce:
Commerce through wireless technology such as
cellular telephones and PDAs. Japan is seen as a
global leader in m-commerce.
15. ï Overcome Geographical Limitations
ï Gain New Customers With Search Engine Visibility
ï Lower Costs
ï Locate the Product Quicker
ï Eliminate Travel Time and Cost
ï Provide Comparison Shopping
ï Enable Deals, Bargains, Coupons, and Group
Buying
ï Provide Abundant Information
ï Remain Open All the Time
17. ï Ecommerce Lacks That Personal Touch
ï Ecommerce Delays Goods
ï Many Goods Cannot Be Purchased Online
ï Ecommerce Does Not Allow You to Experience the
Product Before Purchase
ï Anyone Can Set Up an Ecommerce Website
ï Security
21. ï A Product or Service Needs to Be Sold
ï There Should Be a Mechanism to Accept Orders
ï We Need a Payment Mechanism
ï The Product Needs to Be Delivered
ï Customers Need to Be Serviced
ï Reverse Logistics Need to Be Managed