Web development and programming information

E-commerce is defined as the online dealing of business, linking a vendor or seller and a buyer. Various products and services are being offered, but it’s foundations is that the interactions, deal sign-ups and the payment processes happen online. As reported by www.searchcio.techtarget.com, e-commerce can be divided into the following:

E-tailing or “virtual storefronts” on Web sites with online catalogs

Use of demographic information through Web contacts

Electronic Data Interchange (EDI)

Business-to-business purchasing and selling (B2B)

An important facet of e-commerce is online shopping. Online shopping was actually started by Michael Aldrich in 1979. E-commerce has gained a foothold in the today’s world. Nearly in every corner of the globe, people have acknowledged the increasing importance of e-commerce. It gave rise to electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.

1. Electronic funds transfer – is the computer-based systems that are utilized to do electronic financial transactions.

2. Supply chain management – is the management of integrated businesses involved in offering products and services to consumers.

3. Internet marketing – is simply put, the selling of products over the Internet.

4. Online transaction processing – is used to facilitate and handle transaction-oriented applications through data entry and processing.

5. Electronic data exchange – this is the transmission of data among companies or organizations over electronic means.

6. Inventory management systems – it is electronically monitoring objects or materials over the use of barcodes, or other automatic identification for the inventory of objects.

Electronic commerce carried on among business is most commonly named B2B or business-to-business. Meanwhile, electronic commerce conducted between businesses and consumers is called B2C. E-commerce in reality falls under the umbrella of e-business and also covers data exchange for the facilitation of the financial and payment part of business deals and transactions.

Find out more about E-Commerce principles and how you can boost your Company Sales with different Online Marketing strategies.