Skip to main content

Introduction to E-Commerce [Ecommerce notes]


In this you will learn about concepts of e-commerce. Starting from traditional commerce will slowly sail through basics of e-com. Discussing about history, will further checkout advantages and disadvantages from buyer and seller prospective. It’s essential for one to know categories of e-commerce, which has further helped rollout of this concept in structured way. While walking though best examples of e-commerce, will have deep look at noteworthy success stories of dell and eBay! We will also learn about important concepts of EDI - the inter-organization exchange of well-defined business transactions in standardized electronic form directly between computer applications and SET. SET is a standard protocol popularly used for securing credit card transactions over insecure networks, more specifically addressing transactions. We will also touch by electronic payment methods and some security measures which are implemented during e-transactions. Finally we will also see glimpse of e-business website designing.




Topics Covered

  1. What is E-Commerce Environment?
  2. History
  3. How E-commerce works?
  4. Advantages and disadvantages
  5. Models of e-commerce
  6. Main players on this playground
  7. Leading Players.
  8. Future of e commerce
  9. Factors affecting e-commerce success





What is E-Commerce Environment?

Before we jump to e-commerce, let’s look at fundaments of commerce first! Commerce by dictionary is , “Transactions (sales and purchases) having the objective of supplying commodities (goods and services)” or “the exchange or buying and selling of commodities on a large scale involving transportation from place to place “ Various roles in commerce:

  • Buyers – Buyers can be interpreted as public/people with money who have intention to purchase a good or service.

  • Sellers – Sellers can be interpreted as people/public who offers goods and services to buyers. Sellers could be further classified into two categories:

  • Retailers: Retailers are the one who sell directly to consumers
  • Wholesalers/ distributors: Wholesalers/ distributors are the one who sell to
    retailers and other businesses.

  • Producers – Producers can be interpreted as people who create the products and services that sellers offer to buyers, i.e. also known as manufactures. You will find that a producer is always, by necessity, a seller as producers themselves sells the products produced to wholesalers, retailers or directly to the consumer.


Comments

Anonymous said…
Ecommerce Software Canada ia best...
Ecommerce Software Canada
Anonymous said…
This topic is perfectly timed as so many of us are probably doing online holiday shopping and are experiencing frustration with some websites!
Ecommerce Cart

Popular posts from this blog

Advantages and Disadvantages of EIS Advantages of EIS Easy for upper-level executives to use, extensive computer experience is not required in operations Provides timely delivery of company summary information Information that is provided is better understood Filters data for management Improves to tracking information Offers efficiency to decision makers Disadvantages of EIS System dependent Limited functionality, by design Information overload for some managers Benefits hard to quantify High implementation costs System may become slow, large, and hard to manage Need good internal processes for data management May lead to less reliable and less secure data

Inter-Organizational Value Chain

The value chain of   a company is part of over all value chain. The over all competitive advantage of an organization is not just dependent on the quality and efficiency of the company and quality of products but also upon the that of its suppliers and wholesalers and retailers it may use. The analysis of overall supply chain is called the value system. Different parts of the value chain 1.  Supplier     2.  Firm       3.   Channel 4 .   Buyer

Big-M Method and Two-Phase Method

Big-M Method The Big-M method of handling instances with artificial  variables is the “commonsense approach”. Essentially, the notion is to make the artificial variables, through their coefficients in the objective function, so costly or unprofitable that any feasible solution to the real problem would be preferred, unless the original instance possessed no feasible solutions at all. But this means that we need to assign, in the objective function, coefficients to the artificial variables that are either very small (maximization problem) or very large (minimization problem); whatever this value,let us call it Big M . In fact, this notion is an old trick in optimization in general; we  simply associate a penalty value with variables that we do not want to be part of an ultimate solution(unless such an outcome is unavoidable). Indeed, the penalty is so costly that unless any of the  respective variables' inclusion is warranted algorithmically, such variables will ...