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E-Business

2023-09-07 07:00:59

Introduction Since the late 1990's, dot.com has introduced ways to do e-commerce in today's market. Dot.com is a startup group that sells products and services using the Internet. On the other hand, e-commerce is opening up new ways of cooperation in the apparel industry, the retail industry and even the supply chain companies. They jumped at the dot.com boom in the late 1990s, Internet and Internet technology stocks and speculative boom in corporate investment.

However, e-commerce is not just business done on the Internet. E-commerce has changed the traditional business. "E-commerce is creating new things by redesigning existing value chains and business processes by applying information technology" (2). In e-commerce, the linear value chain disappeared, replaced by a cyclic exchange that changed the relationship between buyers, sellers, and the people living among them. (3) When reviewing e-commerce and considering the Internet, some people may start fantasizing. Indeed, e-commerce can provide products and information to its customers anywhere on the day any day of the day. Indeed, the existence of electronic commerce in the market far exceeds that of traditional entities. In fact, transactions are faster, cheaper, less time consuming, fewer errors.

There are several confusions in the literature regarding compatible terms such as e-commerce and e-commerce. To avoid this confusion, this report uses Lee and Whang (2001) to define e-commerce. This indicates that e-commerce uses front-end and back-end business processes using Internet-based computing and communication. Although the concept of e-commerce is limited to the business front end, e-commerce requires the entire business cycle, including supply chain integration. Fatt (2002) describes e-commerce as an application of information technology to facilitate the sale and purchase of products, services, and information via standards-based networks.

Electronic commerce on the Internet is the driving force for e-commerce integration. The main reason is that the Internet is an open standard and everywhere. Companies can use the Internet to display the trading partner network of the supply chain around the world and respond quickly to changing business conditions such as customer needs and resource availability. The following Web site provides evidence on this point and the company's example shows how e-commerce on the Internet fundamentally changed their business strategy.