Electronic Commerce (E-Commerce)

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Presentation Transcript

Presentation On E-com : 

Presentation On E-com RAMA

CONTENTS : 

CONTENTS Introduction History Features Process Architecture Elements Difference between E-Com & Traditional Scope Prospects and its results Processing tools Applications Advantages Disadvantages Conclusion

ELECTRONIC COMMERCE (E-COMMERCE) : 

ELECTRONIC COMMERCE (E-COMMERCE) Commerce refers to all the activities related to the purchase and sales of goods or services i.e. marketing, sales, payment, fulfillment, customer services, etc. Electronic commerce is doing commerce with the use of computers, networks and commerce enabled software(more than just online shopping).

BRIEF HISTORY : 

BRIEF HISTORY 1970s: Electronic Funds Transfer (EFT) Used by the banking industry to exchange account information over secured networks Late 1970s and early 1980s: Electronic Data Interchange (EDI) for e-commerce within companies Used by businesses to transmit data from one business to another 1990s: the World Wide Web on the Internet provides easy-to-use technology for information publishing and dissemination Cheaper to do business (economies of scale) Enable diverse business activities (economies of scope)

FEATURES OF ECOMMERCE : 

FEATURES OF ECOMMERCE Online Business Covers vast amount of B2C and B2C Advertisement Anytime and anywhere service Direct contact between buyer and seller Reduction of cost Medium of interaction Promptness in surveys Expand the business

PROCESS OF E-COMMERCE : 

PROCESS OF E-COMMERCE Attract customers Advertising, marketing Interact with customers Catalog, negotiation Handle and manage orders Order capture Payment Transaction Fulfillment (physical good, service good, digital good) React to customer inquiries Customer service Order tracking

WEB-BASED E-COMMERCE ARCHITECTURE : 

Client Tier 1 Web Server Tier 3 Tier 2 Tier N Application Server Database Server DBMS WEB-BASED E-COMMERCE ARCHITECTURE

ELEMENTS OF E-COMMERCE : 

ELEMENTS OF E-COMMERCE Consumer shopping on the Web, called B2C (business to consumer) Transactions conducted between businesses on the Web, call B2B (business to business) Transactions and business processes that support selling and purchasing activities on the Web Supplier, inventory, distribution, payment management Financial management, purchasing products and information

DIFFERENCE BETWEEN E-COMMERCE AND TRADITIONAL : 

DIFFERENCE BETWEEN E-COMMERCE AND TRADITIONAL ELECTRONIC COMERCE E-Commerce involves buying and selling of goods and services on internet E-Commerce means anytime anywhere service. (IT PROVIDES 24 HRS SERVICE ONLINE) TRADITIONAL COMMERCE It involves physical exchange of goods and services. Traditional commerce is restricted to working.

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ELECTRONIC COMMERCE It doesn't require involvement of wholesaler and retailer. It frees staff from customer service and sales support TRADITIONAL COMMERCE It require involvement of wholesaler and retailer. It needs to employ, large number of staff who provide customer service and sale support.

SCOPE OF E-COMMERCE : 

SCOPE OF E-COMMERCE E-PAYMENT- It does not involve physical exchange of currency. Its convenient to make payment via network. E-BANKING- It means anywhere any time banking. E-MARKETING- The growth of internet has created opportunities for consumer and firms to participate in online global market place.

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E-SECURITY- It is system to protect data and system through use of adequate precautions. E-GOVERNANCE- It is technology law which confers authority on government, to issue notification as well as accept fillings, payment of fees etc.

PROSPECTS OF GROWTH OF E-COM IN INDIA : 

PROSPECTS OF GROWTH OF E-COM IN INDIA It lowers the purchasing cost. It reduces inventory maintenance cost. It decreases transaction cycle time. It lowers sales/marketing cost. It creates new sales opportunities. In B2B segment, it facilitate exchange of transactional information with other business more cost effectively. In B2C segment, it provides growing channel for efficient delivery of goods and services to consumer.

PROCESSING TOOLS : 

PROCESSING TOOLS Software of E-Com EDI Subset of E-Commerce E-Bank EFT E-Cash (Electronic Cash) Security Concerns

RESULTS OF USE OF PROCESSING TOOLS : 

RESULTS OF USE OF PROCESSING TOOLS Revolution In E-Business Shopping Over The Internet Companies gaining Security To Transactions Scope Of E-com in India

E-COMMERCE APPLICATIONS : 

E-COMMERCE APPLICATIONS Video on demand Remote banking Procurement and purchasing Online marketing and advertisement Home shopping Auctions

ADVANTAGES OF ELECTRONIC COMMERCE : 

ADVANTAGES OF ELECTRONIC COMMERCE E-Commerce is revolutionary Cost effective Customers are self created Middlemen disappear Better customer service Online payments Increased sales Decreased costs

DISADVANTAGES OF E-COMMERCE : 

DISADVANTAGES OF E-COMMERCE Loss of ability to inspect products from remote locations Lack of training programmers Difficult to calculate return on investment Cultural and legal impediments Competition among sellers Change in technology Costly

CONCLUSION : 

CONCLUSION Thus, we come to he conclusion that E-COM has great advantage for industrialization which has laid to revolutionalization. Thus, increasing the growth of our country in terms of economy.

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THANKS

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