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    December 30, 2016

    Profits of e-Commerce to Organization | Consumers


    E-Commerce For Organizations
    Do you know an E-Commerce business can make richer and richer,if your organization is E-Commerce based then there are lots of advantages.Today i will discuss about what are the advantages of E-Commerce in an organization.
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    The Benefits Of E-Commerce To Organization

     • Expands the Marketplace to national and international market
    • Decrease the cost of creating, processing, distributing, storing and retrieving paper based information
    • Allows reduced inventories and overhead by facilitating pull-type supply chain management
    • The pull-type processing allows for customization of products and services which provides competitive advantage to its implementers
    • Reduces the time between the outlay of capital and the receipt of product and services
    • Supports Business process re-engineering (BPR) efforts
    • Lowers telecommunication cost- the internet is much cheaper than value added networks (VANs)

    Benefits of e-Commerce to Consumers

    Advantages of E-Commerce to consumers

    • Enables consumers to shop or do other transaction 24 hours a day, all year round from almost any location • Provides consumers with more choices
    • Provides consumers with less expensive products and services by allowing them to shop in many places and conduct quick comparisons
    • Allows consumers to interact with other consumers n electronic communities and exchange ideas as well as experiences
    • Facilitates competition which results in substantial discounts
    • Allows quick delivery of products and services (in some cases) especially with digitized products
    • Consumers can receive relevant and detail information in seconds rather than in days or weeks
    • Makes it possible to participate in virtual auction.
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