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Ordering System: E-Business Concepts - Assignment Example

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The paper highlights the ordering system and the main E-Business concepts. There are many advantages of using marketing tools such as maintaining the customer’s satisfaction, promoting the new product of the company and keeping customers’ brand loyalty of customers as long as possible…
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Ordering System: E-Business Concepts
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Download file to see previous pages The marketing strategies that can be seen to be useful for promoting an IT company providing systems integration and procurement services are internet marketing, press releases, and social networking. Then, the public relation such as blogging and promotion is the part of event marketing that can be very helpful to promote to online shoppers. Social networking that uses technology as a tool like an internet to make the world smaller such as Google Plus, Facebook, Blogs, and websites.
The company provides systems integration and procurement services. I will suggest a business model that operates on the internet predominantly, E-business. E-business is doing business either over the internet or through dedicated proprietary networks and e-commerce is a part of e-business which is mostly buying and selling activity. The process of establishing an e-business is risky and involving. It also requires many changes in the existing business process and strategy to be successful. The intent of an e-business generating income, strengthening service and limiting prices by expanding using the internet as a platform. The prospects of online trading have substantial revenue and its realized when the services perform for the business.
Despite the overpraised successes of this new-age business concept that has recently become the goal of many commercial corporate bodies and organizations, not much has developed in the traditional way of handling the many business processes. It maintains the same principles and management requirements of business operation as traditional commerce, that people, both sellers, and buyers come together to exchange commodities and services over a network of computers. Ordering, buying, bidding, selling, customer services, inquiries, and virtually all the business processes still uphold the underlying principles of commerce.
E-commerce is a subset of the larger e-business strategy. It chiefly improves the buy-sell transaction activities in a business entity; as a result, it increases the revenue. In a way, e-commerce covers many on-line business activities for services and products, both businesses to business and to customers and business on the internet as a platform. The e-business concept breaks the process of online business by showing the scope activities and information provided to the customer to conduct business and online shopping.
A number of different functions are required by an e-business. For instance, there are some basic functional points that cover the sort of specialized transaction processing that perform the communication that runs on the e-business model. There are also other functions that cover software and hardware requirements to carry out the same services. An analysis of how e-businesses verify credit, process orders and how they deliver the order requests as well as how they confirm shipments and all or any post-sales activities needs to be considered while gauging the e-business performance.
Order processing needs transaction processing and database information mining. Speed and efficiency are factors that are considered in evaluating the usability of a system supporting e-business. Payment methods include credit cards, electronic checking, and digital cash. The e-business system has to verify the credit and approve it through a credit card that verifies the systems. Payment gateways that route payments through existing financial support systems are required to purposely authorize credit cards or make settlements as required. ...Download file to see next pagesRead More
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