| Electronic Commerce is exactly analogous
| |
| | would also have involved information
|
| to a marketplace on the Internet.
| |
| | analysis. The growth and acceptance of
|
| Electronic Commerce (also referred to as
| |
| | credit cards, automated teller machines
|
| EC, e-commerce eCommerce or ecommerce)
| |
| | (ATM) and telephone banking in the 1980s
|
| consists primarily of the distributing,
| |
| | were also forms of e-commerce. However,
|
| buying, selling, marketing and servicing
| |
| | from the 1990s onwards, this would
|
| of products or services over electronic
| |
| | include enterprise resource planning
|
| systems such as the Internet and other
| |
| | systems (ERP), data mining and data
|
| computer networks. The information
| |
| | warehousing.
|
| technology industry might see it as an
| |
| | In the dot com era, it came to include
|
| electronic business application aimed at
| |
| | activities more precisely termed "Web
|
| commercial transactions; in this context,
| |
| | commerce" -- the purchase of goods and
|
| it can involve electronic funds transfer,
| |
| | services over the World Wide Web, usually
|
| supply chain management, e-marketing,
| |
| | with secure connections (HTTPS, a special
|
| online marketing, online transaction
| |
| | server protocol that encrypts
|
| processing, electronic data interchange
| |
| | confidential ordering data for customer
|
| (EDI), automated inventory management
| |
| | protection) with e-shopping carts and
|
| systems, and automated data collection
| |
| | with electronic payment services, like
|
| systems. Electronic commerce typically
| |
| | credit card payment authorizations.
|
| uses electronic communications technology
| |
| | Today, it encompasses a very wide range
|
| of the World Wide Web, at some point in
| |
| | of business activities and processes,
|
| the transaction's lifecycle, although of
| |
| | from e-banking to offshore manufacturing
|
| course electronic commerce frequently
| |
| | to e-logistics. The ever growing
|
| depends on computer technologies other
| |
| | dependence of modern industries on
|
| than the World Wide Web, such as
| |
| | electronically enabled business processes
|
| databases, and e-mail, and on other
| |
| | gave impetus to the growth and
|
| non-computer technologies, such as
| |
| | development of supporting systems,
|
| transportation for physical goods sold
| |
| | including backend systems, applications
|
| via e-commerce.
| |
| | and middleware. Examples are broadband
|
| E-Commerce according to Person Halls book
| |
| | and fiber-optic networks, supply-chain
|
| E-Commerce started in 1994 with the first
| |
| | management software, customer
|
| banner ad being placed on a
| |
| | relationship management software,
|
| website.According to the October 2006
| |
| | inventory control systems and financial
|
| Forrester Research report entitled, "US
| |
| | accounting software.
|
| eCommerce: Five-Year Forecast And Data
| |
| | When the Web first became well-known
|
| Overview, "Nontravel online retail
| |
| | among the general public in 1994, many
|
| revenues will top the
| |
| | journalists and pundits forecast that
|
| quarter-trillion-dollar mark by 2011. The
| |
| | e-commerce would soon become a major
|
| driver of this growth? A segment of the
| |
| | economic sector. However, it took about
|
| most active Web shopping households that
| |
| | four years for security protocols (like
|
| is approximately 8 million strong. This
| |
| | HTTPS) to become sufficiently developed
|
| group of consumers is extremely
| |
| | and widely deployed. Subsequently,
|
| comfortable with technology and values
| |
| | between 1998 and 2000, a substantial
|
| convenience above all else in the online
| |
| | number of businesses in the United States
|
| retail experience. As retailers begin to
| |
| | and Western Europe developed rudimentary
|
| wade through their copious data
| |
| | web sites.
|
| warehouses and understand the who, what,
| |
| | Although a large number of "pure
|
| when, where, why, and how of this
| |
| | e-commerce" companies disappeared during
|
| segment, they will benefit from targeting
| |
| | the dot-com collapse in 2000 and 2001,
|
| these customers."
| |
| | many "brick-and-mortar" retailers
|
| Historical development
| |
| | recognized that such companies had
|
| The meaning of the term "electronic
| |
| | identified valuable niche markets and
|
| commerce" has changed over the last 30
| |
| | began to add e-commerce capabilities to
|
| years. Originally, "electronic commerce"
| |
| | their Web sites. For example, after the
|
| meant the facilitation of commercial
| |
| | collapse of online grocer Webvan, two
|
| transactions electronically, usually
| |
| | traditional supermarket chains,
|
| using technology like Electronic Data
| |
| | Albertsons and Safeway, both started
|
| Interchange (EDI) and Electronic Funds
| |
| | e-commerce subsidiaries through which
|
| Transfer (EFT), where both were
| |
| | consumers could order groceries online.
|
| introduced in the late 1970s, for
| |
| | The emergence of e-commerce also
|
| example, to send commercial documents
| |
| | significantly lowered barriers to entry
|
| like purchase orders or invoices
| |
| | in the selling of many types of goods;
|
| electronically.
| |
| | accordingly many small home-based
|
| The 'electronic' or 'e' in e-commerce
| |
| | proprietors are able to use the internet
|
| refers to the technology/systems; the
| |
| | to sell goods. Often, small sellers use
|
| 'commerce' refers to be traditional
| |
| | online auction sites such as EBay(tm), or
|
| business models. E-commerce is the
| |
| | sell via large corporate websites like
|
| complete set of processes that support
| |
| | Amazon.com, in order to take advantage of
|
| commercial/business activities on a
| |
| | the exposure and setup convenience of
|
| network. In the 1970s and 1980s, this
| |
| | such sites.
|
