E Commerce And Online Trading Information Technology Essay

E Commerce And Online Trading Information Technology EssayE-commerce has made a great impact on personal line of credit activity culture. Customer stooge shop online in privacy at their own houses. This is overly strength small businesses to close their doors, or transmute to being completely online. It can as well as change people approach to look at making purchases decision and spending money. Ecommerce also changed the retailer picture, promotions, work, and other things that make our market work. Undeniably, it will continue to pressure how can companies sell and market their products/services, as well as people choose to make purchases in coming years.Selling through the netsites is the best method of increasing trade worldwide.Two forms of e-commerceFirst form is mostly apply as a business trading where companies mostly meet each other and share information through the World Wide Web.The other form is that, where companies taken orders from the customers through web s ite and also prepared their order to satisfy their need.HASM have many different types of products and services that are traded or selling online including auditory sensation equipments new and used both.All companies who used e-tailing or e-trading definitely have their own websites for their business requirement/needs.Trading onlineTrading online facilitate businesses to attain larger audiences while also cutting the costs of traditional retailing methods of sales. It is not necessary that a web companionship have to spend on bigger high path markets for their presence.Although the expenditure on developing a good website is substantial and the potential benefits can be massive. whatsoever group of businesses who is running successful business as a result of the development of the web are ability suppliers of items.Ecommerce Impact On problemImpact of Ecommerce on the economy globallyMarketing and result promotionE-commerce helps the products promotion and services during di rect sale, information providing and customers connections.Sales channel/pathE-commerce creates a new flow channel for live products. It facilitates direct contact of customers and the bi-directional contact.Cost Reduction/savingsThe way of delivering information to end customers over the Internet results in major savings to senders when compared with any method. close to savings also realized in delivering digitized products against physical delivery.Cycle timeThe delivery of products and services can be reduced to minimum time frame. Also, the organisational work related to corporate delivery facility, also across international borders sale can be reduced considerably, cutting the cycle time by more than ninety percent.Customer service approachCustomer service can be greatly improved by enable clients to find countywide information online. Also, sharp agents can answer standard quarry in seconds and human experts contact can be expedite using automatic software.Business imageNe w customers can create corporate images very quickly. Corporate reflection means expectation, which is very important necessary for direct sales.Marketing ImpactsCustomizationEcommerce depict for customization of products/services, in response to buying in a store or ordering through television, which is normally limited to standard products only.AdvertisingDirect merchandise and customization is very effective than mass advertisement. This creates a essential changer in which advertisement is conducted to change the existing customer behaviour with product and also for the new customer demands and their behaviour towards products and services.Ordering SystemOrders recived from customers can considerably be improved if it is happen by online system and through internet. Through electronically, orders can quickly be sent to the appropriate department and speckle. This saves time and reduces expenses. This can give sales-work hurl more time to sell the product/services. Also, cus tomers can sum up the cost of their orders through saving time for all parties involved inthe activity.MarketsThe physical market disappears because the need to deliver the goods/services to the market. In market space, an electronic place where items are delivered directly to buyers/suppliers when purchase is completed online and making the markets cost effective and efficient.Technology behaviour and Organizational learning behaviourSpeedy progress in Ecommerce customers and staff, companies to settle quickly to the new technology and offer customers an opportunity to deal with new products/services such as HASM in new and used audio systems and tools.Changing Work NatureThe work nature and employment also be transformed in the computer Age.The computer Age work force should have to become flexible. Few of them consistently have secure jobs in the complex environment and all of work force/staff have to voluntary and able to frequently learn skills and make decisions, and stand b ehind in complex environment.New product featuresEcommerce allows new products to be formed and existing products to be modified in innovative ways. These changes may be satisfied organizations missions and the way in which they have to survive. Ecommerce can also allow come forth the suppliers to collect personalized customers data sheet and buying behaviour. Building customer profiles on the basis ofcollecting data on certain customers group and can be used as a information source for improving products/services or designing new ones.Manufacturing ImpactEcommerce is also changing manufacturing systems from mass production to the demand and supply chain process and also on the need of customers.Finance ImpactEcommerce needs a very special finance and accounting systems. Traditional earnings systems, which are ineffective and inefficient for electronic trade, because there is no physical availability/presence of staff.Ecommerce is any type of business activities that is selling a nd purchasing of products and services carried out over web based systems for the approach of getting far away customers.Advantages and DisadvantageHASM electronic commerce is also categorized by advantages and integral drawbacks of web. Some of these important advantages and disadvantages are as followsWith the use of fast and rapid scale of internet technology and strong online techniques and software, companies can get many advantages of Ecommerce but also some disadvantages as well but also having a reason of some problemsAdvantagesFast buying and selling method, as well as effortless to find any products type.Buying convenience and selling convenience, round the clock 24/7.Wider reach to customers, there is no geographic limitations for selling product.As compare to the stores low operational costs for product and better step of services can be provided.Physical company set-ups are not necessary. lenient start and manage a business.Business or individual to reach the global m arket is simple and easy.Electronic commerce gives the customers the chance to look for cheaper and quality products.Ecommerce cuts down the cost attached with marketing once is being launched and working and also on customer care, processing stage, and information storage and inventory management.DisadvantagesAny one, good or bad, can easily set up a business website and there are many bad sites which fool customers.There is no assurance of product quality.There are many internet hackers just waiting for any opportunity and then an ecommerce site, service, payment gateways can cause set on in any business.Mechanical failures can be reason of unpredictable effects on the total processes.Least chance of direct customer to company interactions, and also customer loyalty is always on a test.Perishable items such as foods are also not very convenient and nor predictable due to small life cycle.