Download file to see previous pages...
Moreover, new sales and distribution channels may appear for Franke thanks to E-commerce.
EC can reduce the cycle time to produce Franke’s washroom products. It can also enhance productivity and lessen the time needed to present the products into the market. The supply chain management of Franke will be effective with minimal delays. Moreover, the company can decrease the inventory and so can lower the cost for the inventory. The costs for administrative tasks and sometimes intermediaries in the supply chain are also reduced.
The organization’s supply chain may be simplified in which the size of the supply chain is reduced. Franke can work more closely with its smaller group of suppliers in a focused supply chain evolved from applying E-commerce. “Tight coupling is a method for ensuring that suppliers precisely deliver the ordered parts, at a specific time and particular location.” (Laudon, 2007) It will enhance Franke’s logistical activities which are very important for the company to provide the right products with right quantities to the right locations at the right time.
In addition to supply chain improvements, the supply chain management system of the organization can also be upgraded. EC makes SCM systems consistently linked the processes of supply chain such as purchasing, producing and distributing products from suppliers to consumers. Franke can integrate the demands for its equipment and enter them into the order entry system. A Franke worker assembles the equipment, packages them, make them tagged using RFID, etc, and then distributes them to the customer. The delivery process is monitored and tracked by Franke’s SCM system to get the latest information of order status.
“Most B2B E-commerce is an adaption of EDI or is based on EDI principles.” (Deitel, Deitel & Nieto, 2001) EDI stands for electronic data interchange and it can minimize the cost,
...Download file to see next pagesRead More
E-commerce Name Tutor Course Electronic commerce essay The internet is among the most radical technologies that changes the business setting. The web has had an intense impact on the use of electronic commerce. The upcoming of electronic commerce, has resulted to the change of power to the consumer, this has led to changes in the way companies relate to the consumer.
Some will see an impact of electronic commerce when total transactions have amounted to a symbolic figure, e.g. 'the first million', when others will wait for a significant portion of transactions in a particular sector to be conducted by electronic means.
Primarily, the US legal system adapts new issues arisen from e-commerce and virtual relations. It revised many legal issues such as privacy, protection, ownership, etc. E-commerce has changed the role and nature of legal obligations between the parties. Virtual economic transactions become legal and equal to traditional commerce.
There is no doubt that e-commerce has been growing at an astronomical rate (Suzanne, 1999) from the last 5 years and would continue to provide tremendous value chains in the coming few years.
If we consider the major establishments in the B2B (business to business) e-commerce we would realize the enormous expanding opportunities it is currently providing to participants in different organizations.
Today that sort of hype is over and now we can analyze that worked at that time and what did not. We are now much more aware of what business and commerce require electronically and about information technology. This paper is an effort to give you a glimpse that what is going in the financial institutions and supply chain with regards to the e-commerce.
In his research, Forrester concluded that commercial transactions in the electronic world are worth US $12.2 billion in 2003 in the United States alone. In the UK, the highest reported figure is 2 billion per month.
In e-commerce, the basic rules of contract law usually apply to contracts created either via electronic mail (email) or a web based contract.
The selling prices generally reflect the recommended retailing prices apart from weekly special discounts on selected CDs and books.
The purpose of the report is to provide a value added feasibility and business analysis of the viability of book store business online considering the factors like environmental analysis for going online, the advantages and demerits of e-commerce based businesses, techniques and methods to be a successful online business by increasing sales and customer base, and the risks that should be considered when transactions take place over the internet.
This potentiality has been recognized by many businesses, both large and small, which are now using the internet as an appropriate place for conducting commerce and accordingly marketing plans are being drawn. According to the Association of National Advertisers, nearly 44 percent of the U.S.
The business model of prosper.com has unique characteristic that differentiates it from the traditional lending business model. For example, in the business model of prosper.com there is no intermediary, since a borrower gets funds directly from the lender while
1 Pages(250 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Electronic Commerce for FREE!