By utilizing a product based web experience for their business customers they have tailored their organization to effectively manage their supply chain as well as customer relations (David and Malone p. 103). Intel realizes that e-business is not only about selling products over the Internet but the involvement of managing the supply chain and customer service is also crucial. Tremendous value is added to the process of getting raw materials and also of supplying goods to retailers and distributors in a manor that is desired is required (David and Malone p. 106). The main use of business to business e-commerce is the simplification of all business communications. Intel is able to link with all business customers via the Web, which gives them instant access to each other.
The evidence of growth following a business incorporation of e-business appears to be compulsory. Other organizational strategies associated with e-business identified in the research include sales with marketing of a business, financial procedures, procurement, along with consumer services. The internet economy represents a larger concept as compared to e-business, which makes the e-business a dependant of internet economy. In reference to the evidence provided within the research, it is clear that e-business contributes to streamlining of business operations along with the ability to gain access to novel markets. E-business ensures businesses have quicker with the easier forms of communication, strong marketing aptitudes, along with augmented operation hours for customer services offered.
E-commerce: Security and Privacy As the evolution of the internet and purchasing online becomes popular, so do the security factors that contribute to the ways of eliminating fraud, theft, and acquiring personal information. E-commerce has created many new ways for customers to make payments including e-cash, e-cheques, and e-wallets. In the 21st century, many organizations worked hard at securing communications and payments made through e-commerce transactions. In doing so, customers would be able to feel a sense of trust, confidence and assurance that their information is safe. Many technological developments are being tested and today even implemented through that very system, of e-payments.
With the existence of e-commerce internet for selling goods online. After the advent of e-commerce e-tailing around about it that individuals who sell goods online. E-commerce is the buying and selling process is made through electronic means. Through e-commerce traders can expand their business throughout international. E-tailing is sales intermediary, a seller that operates between manufactures and customers.
There are e-commerce conducted between businesses and those that carried out between a business and its consumers. Business-to-business e-commerce take place in electronic data interchange over private networks. Companies that regularly do business together will setup an automated and fast info exchange such as stock deliver and receive confirmation. For business-to-consumer e-commerce, the Web has become the dominant pipeline. It includes buying and selling any item over the Internet, electronic fund transfer, shipment tracking, and all other methods of conducting business over digital networks.
among the most important elements of the protection should be as following: • Security Hosting supposed to include Bandwidth (to maintain E-commerce traffic), a large Disk Space (to be able to place more products and store business and customer’s information), Firewall (supposed to be strong in order to reject any external threats), 99, 9% of all security system updates (to be sure that your website is fully secured). • SSL Encryption is a system that codes and decodes customers’ personal information and information about the transactions. In other words, this system makes data unreadable for any external sources. • PCI Compliance is responsible for safe credit card transactions. to comply with this system every online business supposed to build and maintain Secured Network, protect Cardholder Data, follow Information Security Policy, regularly testing Networks, maintain Vulnerability Management Program.
A request is generated to the Credit Department for the customer information. This will be an output of the order entry system IV. A report on credit holds is generated by the credit department upon receiving a credit check request for a particular customer. This is an output of the system, but is generated as a secondary output of the initial credit request V. The customer receives the shipment and the invoice for the purchase made. 2.
Pros and cons of accounting rules weighed Sarbanes Oxley - more audits, accountability. San Francisco Chronicle on the Web. Retrieved August 17, 2001, from gin/article.cgi?f=/c/a/2005/05/05/BUGJBE3DQ71.html. Leporte, G. (2007). Chief of the office of small business policy at the U.S. sSecurities and Exchange Commission.
Electronic business or e-business is a whole new way of doing business over the internet in today's society. In today's ever changing environment, people are shopping more and more online, which has opened up new aspects of money making strategies that businesses have built on. E-business has helped businesses grow, or ultimately loose revenue and play catch up. There are several key aspects in which e-business needs to be conducted. E-business can make, or break a company.
In addition, the required skills, tools, and challenges of electronic and mobile commerce will also be discussed. Dictionary.com defines E-commerce as: business that is transacted by transferring data electronically, especially over the internet (dictionary.com). While M-commerce is defined as: business that is conducted on the internet through the use of cell phones or other wireless, handheld electronic devices (dictionary.com). To enable people to complete the large number of transactions, new e-businesses are created. Some initial steps to follow include: identify potential e-business initiatives, analyze the functional scope of e-business initiatives, analyze the sustainability of benefits from e-business initiatives and prioritize e-business initiatives (Basu, Muylle, 2007).