Scribd
Upload
57 views5 pages

What's Electronic Commerce?: "A Modern Business Methodology

Electronic commerce has evolved from electronic data interchange over value added networks used between corporations to now include use of the internet. The internet allows customers, partners, and users to access company networks at lower costs than previously. Electronic commerce can be used for community services like bill payment, shopping, communication via email and phone, and business to business applications where purchase orders are integrated with EDI systems. A report predicts internet trading will grow from $500 million today to $5 billion by 2001 as electronic trade increases globally and countries put tax treaties in place to facilitate seamless worldwide electronic trade.

Uploaded by

Nity Niharika
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
57 views5 pages

What's Electronic Commerce?: "A Modern Business Methodology

Electronic commerce has evolved from electronic data interchange over value added networks used between corporations to now include use of the internet. The internet allows customers, partners, and users to access company networks at lower costs than previously. Electronic commerce can be used for community services like bill payment, shopping, communication via email and phone, and business to business applications where purchase orders are integrated with EDI systems. A report predicts internet trading will grow from $500 million today to $5 billion by 2001 as electronic trade increases globally and countries put tax treaties in place to facilitate seamless worldwide electronic trade.

Uploaded by

Nity Niharika
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
You are on page 1/ 5

Whats Electronic Commerce?

A modern business methodology ... to cut costs while improving the quality of goods and services and increasing the speed of service delivery.

Evolution of Electronic Commerce

From VANS to Internet


Electronic Commerce has, so far, meant electronic data interchange (EDI) over Value added Networks (VANS) used by corporate organisations. That was computer-to-computer exchange of routine business documents in a standard format. Now, it has the scope to use the Internet too as the medium. The Internet enables customers, partners and users to access a companys EDI network, which earlier was closed to smaller companies, simply because of the costs involved.

How can E-commerce be used?


Community-based services: Payment of utility bills, traffic fines, donations to charity etc. Shopping: Buying and selling goods and services Communication: E-mail, Net telephony products can be commerce-enabled and serviced via the Net. Biz-to-Biz applications where the purchase orders are generated and seamlessly integrated with EDI systems.

Electronic Trade

A recent report by the Organisation for Economic Co-operation and Development (OECD) predicts Internet trading will grow from todays estimated $500 million to $5 billion by 2001. In keeping with the trend worldwide, India has entered into over 50 tax treaties to follow the flow of the increasingly seamless worldwide electronic trade. With emerging payments standards such as the Secure Electronic Transaction (SET) protocol, E-Commerce practises are reportedly reaching the end of usefulness rapidly.

You might also like