 |
e-Commerce
e-Commerce began to grow in the late nineties thanks to the
growth of the internet and the dotcom revolution. The bust of
the dotcoms put the brakes on e-commerce and there were concerns
about security and ability of e-commerce to substitute the real
world experience.
e-Commerce is however on its revival now and each year-end sees
a new high in online retailing sales. This year is expected
to be no different.
Amazon and eBay have been making profits from online retailing
and have carved a niche for themselves in the overall retailing
business. Most traditional retailers now have an online division
that complements their network of stores.
Besides consumer e-Commerce there is also industrial e-commerce
that is gaining prominence and credibility. A number of business
enterprises have been enabling their channels with e-commerce
interfaces that facilitate online catalogs, online ordering
and tracking of orders and viewing of account balances and scheduled
payments.
e-procurement and auctions are also being conducted by enterprises
to drive down procurement transaction costs and bring in better
pricing through increased competition and global vendor participation.
B2B Exchanges most of which either shut down or merged with
other organizations after the dotcom meltdown are now either
coming back or new operations are being promoted, a number of
these either by traditional giants in their industries or alliances
of companies in the same business. It is expected that B2B exchanges
will soon begin to make sense for businesses and will gently
emerge as a strong contender of mindspace in most business operations.
A large component of technical operations in e-commerce operations
relate to integration with internal systems, exchange of data
between suppliers, creation of standards for products and services,
catalogs and order information and security and protection of
vendors and buyers in confidential and high value transactions.
e-Commerce technology models still have a long way to mature
and become more versatile and advanced.
Global Leaders in e-Commerce Solutions include:
Global Leaders in e-Commerce Operations include:
|
|
|
