Electronic Commerce, popularly known as e-commerce, is the buying and selling of products or services by business enterprises or final consumers over the internet or other computer networks. However, the term of e-commerce not only refers to buying and selling of products online but also includes the entire online process of developing, marketing, selling, delivering, servicing and paying for products and services.
The increase in the usage of internate has facilitated the extraordinary increase in the amount of trade conducted electronically. The use of e-commerce involves spurring and drawing on innovations in electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronics data interchange (EDI), inventory management systems and automated data collection systems.
Benifit of E-commerce.
Reduced costs: It reduces cost by reducing labour and paper work.
Reduced lead time: Involves faster delivery of product, shorter lead time for payment and Return On Investment in advertising.
Efficiency: It bring efficiency in terms of delivery of products and money transaction.
Long term relationship: Helps in building long term relationship between trading partners.
Satisfies customers: Provides for better communications, delivery of goods and services at door step thus satisfying and retaining customers.
New Markets: E-commercer being a internet marketing tool brings in new prospects from various geographical location of the world.
At Sabmecto Consultancy Services we will assist you in betterment of your online business by matching your company requirment with that of current market trends in web technology. Our experience in providing e-commerce services gaurantees quality, competence and rapid execution of any project-from samall websites to complex portals.
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