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EDI - the inter-organization exchange of well-defined business transactions in standardized electronic form directly between computer applications. Focused on Business-To-Business community. Also, EDI can be stated as collection of standard message formats to exchange data between organizations computers via any electronic service. Domains EDI covers: traditional business facets: inquires, planning, purchasing, acknowledgments, pricing, order status, scheduling, test results, shipping and receiving, invoices, payments, and financial and business reporting. Additional standards: interchange of data relating to security, administrative data, trading partner information, specifications, contracts, distribution.. EDI History Electronic transmission started during 1960s. Initially main focus was for road and rail transport industries. In 1968, the United States Transportation Data Coordinating Committee (TDCC) was formed. This committee coordinated the development of transla

Industry experts predict a glorious future of ecommerce in the 21st century. In the foreseeable future e-commerce will establish itself as a major tool of sale, at least past results shows it will!! With popularity of e-shopping it is inevitable that ecommerce will become an inseparable part of web. It has been observed that each year number of ecommerce deals is growing enormously. Statistics shows that sales volumes of on-line stores is much more as compared to “brick-and-mortar” ones. This tendency will likely continue as lots of people are “jugged” by work and with personal priorities and Internet no doubt saves a lot of time and provides opportunity to choose goods at the best prices. Present-day Internet sales boom no doubt lays foundation for magnificent future of ecommerce. Since Internet has excluded geographical factor from the sale, “quantity to quality” tendency of ecommerce is being appreciated. It doesn’t matter any more whether your store is situated in UK / US / Indi

Leading Players (Source: www.dell.com) Things you should know about Dell: Most of the Fortune 100 companies want to do business with Dell. Dell has emerged as the preferred desktop and laptop of enterprises in the US and Europe. Dell has emerged as No. 1 PC supplier to small and medium businesses in the United States for 10 years in a row Dell has emerged as the world’s leading provider of flat panel displays. About 140,000 systems shipped per day, on average – that’s more than one every second. The 10 largest U.S. companies run on Dell. The top 6 Internet service companies run on Dell. The top 5 U.S. commercial banks run on Dell Isn’t aforesaid data cool! Yes, one of the most successful e-commerce companies: Dell. Dell, Inc. is a multinational corporation that develops, manufactures, sells, and supports personal computers and other computer-related products. Dell grew during the 1980s and 1990s and has emerged as the largest seller of PCs and serv

Main players on this playground Some of Best E-Commerce Sites (Source: www.time.com/time/digital/reports/ecommerce/25best.html) Best Overall Name of Website / Portal Some glimpse over same   Amazon.com A third of the people who buy online shop at Amazon.com.   Dell The pioneer of direct computer sales online is selling $30 million worth of gear a day from its website, so it’s obviously doing something right.   IQVC You might expect the king of TV-based shopping to make a seamless leap to the Internet, having distribution and customer service already in place. BEST AUCTIONS EBay It isn’t just the never-ending cavalcade of inventory -- 250,000 new items are put up for auction every day here -- that keeps its 5.6 million registered users hooked. EBay figure d out that trust means everything to e-commerce. OnSale Part outlet store and part liquidator’s auction, the best feature of the auction half is that it never refers to people who purchase products as &q

Advantages Seller prospective Buyer Prospective Playground in all online users!           Wide choice, as usually your search used to end up Lowers selling cost, as not many taxes involved, apart from basic rules. Information could be searched precisely as per requirement Market is open 24x7x365!           Market is open 24x7x365! Without much investment you can sell products across continents          You can buy products across globe Buyer/seller have same platform           Try your luck in auctions, reverse auctions to save money Disadvantages Seller prospective Buyer Prospective Every year, we hear new technology! Security, biggest threat for transactions Still many countries have deficient communication infrastructures. In bulk deals / costly goods lack of trust with sellers Language, big barrier at times Even in digital era, many want to touch/feel before buying Currency conversions Not enough knowledgably about currency / tax rules Se

One can observe from boarder prospective that commerce is just a simple concept. It can be as simple as a person making and selling ice-cream on a street corner or as complex as a microsoft delivering an operating system for computers, all of commerce relies on buyers, sellers and producers. Now let us add to our discussion, E-commerce E-Commerce includes buying and selling of products or services over electronic systems. This electronic system can be Internet or any other computer networks. The quantum of business trade conducted electronically has shown us graph like hockey stick since the spread of the Internet. These days, e-commerce typically uses the World Wide Web at least at some point in the transaction's lifecycle, although it can encompass a wider range of technologies such as e-mail as well. You will find that a vast variety of commerce is conducted being conducted in this way. E-Commerce has lead to innovations in electronic funds transfer, supply chain manage

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-busin