SMA TECHNIQUES:E COMMERCE,MRP,ERP,PARETO ANALYSIS
E-commerce
E-commerce is Electric Commerce which is a wide range of business activities through internet or other computer networks. It involves trading or selling of products and services from one entity to another. It follows the same basic principles as traditional commerce that is, buyers and sellers come together to swap commodities for money. This principle is used over networked computers rather than shopping stores, catalogs or telephone in conducting business. E-commerce allows people to exchange goods and services electronically without any barriers of time and distance. It was first introduced in the 1960s via electronic data interchange (EDI) through value-added networks (VANs). In the mid-1990s, e-commerce was transformed with the introduction of Amazon and eBay. Amazon started as a book shipping business, out of Jeff Bezos' garage, in 1995. EBay, which enabled consumers to sell things online, introduced online auctions in 1995 and exploded with the 1997 Beanie Babies frenzy.
The online business focuses on business process. Buyers can visit the web sites of multiple vendors 24 hours a day and able to compare prices and make purchases, without having to leave their homes or offices from around the globe. In some cases, consumers can immediately obtain a product or service, such as an electronic book, a music file, or computer software, by downloading it over the Internet. There are five different types of e-commerce. Firstly is business-to-business (B2B) e-commerce. It describes transactions occur between businesses. For example, transaction between manufacturer and wholesaler or wholesaler and retailer. The transaction used in the context of communication and collaboration. They use internet as a tools to connect with each other to trade products and services without having face to face conversation. Next is business-to-consumer e-commerce. It involves the transaction between businesses to the end users. Buyers search through the internet the
E-commerce is Electric Commerce which is a wide range of business activities through internet or other computer networks. It involves trading or selling of products and services from one entity to another. It follows the same basic principles as traditional commerce that is, buyers and sellers come together to swap commodities for money. This principle is used over networked computers rather than shopping stores, catalogs or telephone in conducting business. E-commerce allows people to exchange goods and services electronically without any barriers of time and distance. It was first introduced in the 1960s via electronic data interchange (EDI) through value-added networks (VANs). In the mid-1990s, e-commerce was transformed with the introduction of Amazon and eBay. Amazon started as a book shipping business, out of Jeff Bezos' garage, in 1995. EBay, which enabled consumers to sell things online, introduced online auctions in 1995 and exploded with the 1997 Beanie Babies frenzy.
The online business focuses on business process. Buyers can visit the web sites of multiple vendors 24 hours a day and able to compare prices and make purchases, without having to leave their homes or offices from around the globe. In some cases, consumers can immediately obtain a product or service, such as an electronic book, a music file, or computer software, by downloading it over the Internet. There are five different types of e-commerce. Firstly is business-to-business (B2B) e-commerce. It describes transactions occur between businesses. For example, transaction between manufacturer and wholesaler or wholesaler and retailer. The transaction used in the context of communication and collaboration. They use internet as a tools to connect with each other to trade products and services without having face to face conversation. Next is business-to-consumer e-commerce. It involves the transaction between businesses to the end users. Buyers search through the internet the