This essay discusses that electronic Business with its co-partner e-commerce is playing a vital role in enhancing the collaboration and relationship among all the business partners and reducing the overall costs of the corporate bodies and gaining popularity briskly…
In the report, it is evident that different industries are improving all the processes at the organization level. In a different industry, in the past, the management was focusing on increasing production and generating revenues due to these two factors they were able to attract their franchisees that they have to show interest in their brands. But now they can reduce the total costs and can enhance their brands with the adoption of innovative technologies. The integration of marketing and procurement operations with e-commerce showed that the persons who are involved in supply chains assure that the integration of innovative technologies is warmly welcome. For electronic business, there is need of training of the staff persons and the notable thing is that they must have to observe the importance of the benefits of electronic systems. The electronic business is a continuously changing area and the electronic systems are very flexible and can be modified and upgraded according to the needs of the organization. The electronic business technologies are serving as an important management tool for increasing the overall performance of the supply chains.The e-procurement in different industries is in an infancy state and a rapid increase is expected in the functionality of e-commerce that would assist in making strong relationships with suppliers and buyers using electronic environment. From the benefits of e-commerce, it is obvious that it would increase the rate of adoption of innovative technologies, if the doubts related to e-commerce, are reduced to a level of utmost satisfaction of industry experts. The said research would help the industry experts in all the areas of different departments to better plan for the future adoption of IT/IS or e-commerce technologies. When the firms have to switch from traditional approaches to innovative online solutions then it would help the firm in significant savings, improvement in the production and increase in the operational efficiencies. Using electronic systems e.g. e-procurement there would be better communication between business partners. ...
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(“The Use of E-Commerce and E-Business Essay Example | Topics and Well Written Essays - 3000 words”, n.d.)
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(The Use of E-Commerce and E-Business Essay Example | Topics and Well Written Essays - 3000 Words)
“The Use of E-Commerce and E-Business Essay Example | Topics and Well Written Essays - 3000 Words”, n.d. https://studentshare.net/miscellaneous/397885-e-business.
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