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E-commerce Essay Example

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For instance, by implementing the tools of electronic commerce to its transactions, GE Lights, one of the largest companies of the world made considerable improvements to their purchase transactions (Schneider, p. Regardless of the size of the company, e-procurement is beneficial in the modern business environment. Small companies also can take advantages from e-procurement tools by designing their acquisition procedures. The major benefit that small companies can gain from the e-procurement process is that they can reduce the administrative cost. The technical application would help them to introduce the products and services to international market and can gain new contracts. For example industries like tourism and hospitality can utilize the latent of the e-procurement process by initiating customer-to-customer (C2C) commerce methodology. To illustrate, the customers who buy the service can be encouraged to sell (introduce) the same service/product to another customer for gaining certain amount of profit from the new purchase.Web based technology would boost all organizational functions of the small companies by providing them with instant access to market as well as to organizational information. E-procuring process plays a key role in collecting external and internal information and also the processes like auctioning, tendering, vendor management and control management. E-procurement is an approved mode of business operation which may help companies to drive product cost down while expanding companies’ business area. As the modern business is highly dependant on broad and collaborated data sharing and problem solving, all profit, non-profit, and governmental organizations get benefited from the e-procuring process. As Schneider (228-229) states, organizations can incorporate their business activities with other organizations (business-to-business B2B) or governmental initiatives through e-procuring. Computerized supply chain management improves manufacturing process of the small companies by automating the purchases through e-procurement processes.The web based integration becomes highly essential in small scale industries for reducing brokerage cost and controlling inventory purchase or distribution. E-procurement enhances interaction irrespective of the distance or geographical variance. The advanced form of telecommunication groupware can enable visual collaboration from different locations to facilitate a group project and decision

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preview essay on E-commerce
  • Pages: 4 (1000 words)
  • Document Type: Essay
  • Subject: Unsorted
  • Level: Undergraduate
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