How To? Learn anything step by step!

Posts Tagged ‘cms’

E-commerce is defined as the online dealing of business, linking a vendor or seller and a buyer. Various products and services are being offered, but it’s key cornerstones is that the interactions, deal sign-ups and the payment processes happen online. As reported by www.searchcio.techtarget.com, e-commerce can be split into the following:

E-tailing or “virtual storefronts” on Web sites with online catalogs

Utilization of demographic data through Web contacts

Electronic Data Interchange (EDI)

Business-to-business buying and selling (B2B)

An important facet of e-commerce is online shopping. Online shopping was actually developed by Michael Aldrich in 1979. E-commerce has gained a foothold in the today’s world. Nearly in every corner of the globe, people have acknowledged the advancing significance of e-commerce. It led to the development of electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.

1. Electronic funds transfer – is the computer-based systems that are utilized to execute electronic financial transactions.

2. Supply chain management – is the management of integrated businesses involved in offering products and services to consumers.

3. Internet marketing – is simply put, the marketing of products through the Internet.

4. Online transaction processing – is employed to facilitate and oversee transaction-oriented applications through data entry and processing.

5. Electronic data exchange – this is the transmission of data among companies or organizations through electronic means.

6. Inventory management systems – it is electronically tracking objects or materials over the use of barcodes, or other automatic identification for the inventory of objects.

Electronic commerce conducted among business is most commonly called B2B or business-to-business. Meanwhile, electronic commerce conducted between businesses and consumers is called B2C. E-commerce in reality falls under the umbrella of e-business and also covers data exchange for the facilitation of the financial and payment aspects of business deals and transactions.

Discover more about E-Commerce principles and how you can increase your Company Sales with different Online Marketing strategies.