Scribd Logo
Upload

Welcome to Scribd!

  • 14 views

    Advantages To Organizations

    Uploaded by

    Aamad Akhtar
    Ecommerce provides many benefits to organizations, consumers, and society. For organizations, it allows access to global markets at low costs, provides more customer information and customization options. It reduces costs of communication, advertising, operations. Ecommerce also allows extended hours without overtime. For consumers, it provides wider product choices, easier comparison and evaluation, and cheaper goods especially digital products. For society, it reduces traffic and pollution through telecommuting, and makes more services available globally including education and healthcare. Overall, ecommerce removes geographic barriers and makes transactions more convenient and efficient for all.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd

    Advantages To Organizations

    Uploaded by

    Aamad Akhtar
    14 views3 pages
    Ecommerce provides many benefits to organizations, consumers, and society. For organizations, it allows access to global markets at low costs, provides more customer information and customization options. It reduces costs of communication, advertising, operations. Ecommerce also allows extended hours without overtime. For consumers, it provides wider product choices, easier comparison and evaluation, and cheaper goods especially digital products. For society, it reduces traffic and pollution through telecommuting, and makes more services available globally including education and healthcare. Overall, ecommerce removes geographic barriers and makes transactions more convenient and efficient for all.

    Original Description:

    Original Title

    Advantages to Organizations

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Ecommerce provides many benefits to organizations, consumers, and society. For organizations, it allows access to global markets at low costs, provides more customer information and customization options. It reduces costs of communication, advertising, operations. Ecommerce also allows extended hours without overtime. For consumers, it provides wider product choices, easier comparison and evaluation, and cheaper goods especially digital products. For society, it reduces traffic and pollution through telecommuting, and makes more services available globally including education and healthcare. Overall, ecommerce removes geographic barriers and makes transactions more convenient and efficient for all.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    14 views3 pages

    Advantages To Organizations

    Uploaded by

    Aamad Akhtar
    Ecommerce provides many benefits to organizations, consumers, and society. For organizations, it allows access to global markets at low costs, provides more customer information and customization options. It reduces costs of communication, advertising, operations. Ecommerce also allows extended hours without overtime. For consumers, it provides wider product choices, easier comparison and evaluation, and cheaper goods especially digital products. For society, it reduces traffic and pollution through telecommuting, and makes more services available globally including education and healthcare. Overall, ecommerce removes geographic barriers and makes transactions more convenient and efficient for all.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Advantages to Organizations

    Due to the global reach of the Internet, businesses organizations are able to send messages worldwide,
    exploring new markets and opportunities. This breaks down geographic limitations, and reaches narrow
    markets that traditional businesses have difficulties accessing. Through the Internet, business now offer a
    wide range of choices and higher levels of customer information and details for individuals to search and
    compare. Some build-to-order companies such as Dell Computer Corp can even provide a competitive
    advantage by inexpensive customization of products and services.

    In terms of cost reduction, E-commerce helps organizations decrease costs in creating, processing,
    distributing, storing and retrieving information. For example the communication and advertising costs
    could be lower by sending e-mails and using online advertising channels, than by using television
    commercials or the print media. In terms of online ordering and online auction organizations, the costs
    could be lower than running an actual shop with the associated manpower.

    Extended trading hours is another benefit, the 24 hours a day. 7 days a week in 365 days allows business
    always free to open on the Internet without overtime and extra cost. Other advantages includes the up-to-
    date company material, current inventories, improved customers service, better customers
    communication, increased operating and trading flexibility

    Advantages to Consumers

    For customers, the advantages occur in the buying process, product research, evaluation and execution.
    E-commerce provides customers with a platform to search product information through global markets
    with a wider range of choices, which makes comparison and evaluation easier and more efficient. With
    the ubiquity in accessing the Internet, consumers are able to search for shops or perform other
    transactions anytime in almost location. Cheaper goods and services is one of the benefits for consumers
    who purchase online. Furthermore, delivery time and costs can be saved by buyers when they purchase
    digital goods and services. Examples are e-books, music and audio clips, software, games, and distance
    education delivered via the Internet.

    Advantages to Society

    By telecommuting, individuals can nowadays work and do their purchasing at home rather than by
    traveling around. This will result in less traffic and air pollution. For people in Third World countries, many
    service and products are now available which were unavailable in the past; opportunities and higher
    education services are more achievable for students. Non-profit organizations, including government
    services, also benefit from E-commerce by the online payment system which supports the payment of tax
    refunds and pensions quickly and securely. Public services such as health care, education, and public
    social service also benefit from E-commerce. For example, rural doctors and nurses can access
    professional information and the latest health care technologies. Overall, e-commerce makes products
    and services more easily available without geographic limitations.
    Benefits Of Ecommerce

    E Commerce is one of the most important facets of the Internet to have emerged in the
    recent times. Ecommerce or electronic commerce involves carrying out business over the
    Internet with the assistance of computers, which are linked to each other forming a
    network. To be specific ecommerce would be buying and selling of goods and services and
    transfer of funds through digital communications.

    The benefits of Ecommerce:

     Ecommerce allows people to carry out businesses without the barriers of time or
    distance. One can log on to the Internet at any point of time, be it day or night and
    purchase or sell anything one desires at a single click of the mouse.
     The direct cost-of-sale for an order taken from a web site is lower than through
    traditional means (retail, paper based), as there is no human interaction during the
    on-line electronic purchase order process. Also, electronic selling virtually eliminates
    processing errors, as well as being faster and more convenient for the visitor.
     Ecommerce is ideal for niche products. Customers for such products are usually few.
    But in the vast market place i.e. the Internet, even niche products could generate
    viable volumes.
     Another important benefit of Ecommerce is that it is the cheapest means of doing
    business.
     The day-to-day pressures of the marketplace have played their part in reducing the
    opportunities for companies to invest in improving their competitive position. A
    mature market, increased competitions have all reduced the amount of money
    available to invest. If the selling price cannot be increased and the manufactured
    cost cannot be decreased then the difference can be in the way the business is
    carried out. Ecommerce has provided the solution by decimating the costs, which are
    incurred.
     From the buyer’s perspective also ecommerce offers a lot of tangible advantages.
    1. Reduction in buyer’s sorting out time.
    2. Better buyer descisions
    3. Less time is spent in resolving invoice and order discrepancies.
    4. Increased opportunities for buying alternative products.
     The strategic benefit of making a business ‘ecommerce enabled’, is that it helps
    reduce the delivery time, labour cost and the cost incurred in the following areas:
    1. Document preparation
    2. Error detection and correction
    3. Reconciliation
    4. Mail preparation
    5. Telephone calling
    6. Credit card machines
    7. Data entry
    8. Overtime
    9. Supervision expenses
     Operational benefits of e commerce include reducing both the time and personnel
    required to complete business processes, and reducing strain on other resources. It’s
    because of all these advantages that one can harness the power of ecommerce and
    convert a business to ebusiness by using powerful turnkey ecommerce
    solutions made available by ebusiness solution providers.

    You might also like