ELECTRONIC COMMERCE

COMPUTER APPLICATIONS

Electronic commerce

Commonly known as E-COMMERCE or E-COMM. The buying and selling of products or services over electronic systems such as the Internet and other computer networks Sales aspect of e-business.

Contd..
It draws on such technologies as: 1. 2. 3. 4. 5. 6. 7. electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange(EDI), inventory management systems, and automated data collection systems.

Electronic Funds Transfer (EFT):

The electronic exchange or transfer of money from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems It involves transactions from Debit Card Credit Card Transaction among customers accounts.

Supply Chain Management (SCM)

It is the backbone of E-Commerce. It can be defined Coordinating, scheduling and controlling procurement, production, inventories and deliveries of products and services to customers. Supply Chain Efficiency means having the right product at the right place at the right time. Can save money reduce costs, and can enhance cash utilization

Internet Marketing

Also known as E-Marketing. The marketing of products or services over the Internet.

Online Transaction Processing

Refers to a class of systems that facilitate and manage transaction-oriented applications, typically for data entry and retrieval transaction processing. OLTP has also been used to refer to processing in which the system responds immediately to user requests. ATM used in banks is an example.

Electronic data interchange (EDI)

Its more than a mere e-mail. EDI is the structured transmission of data between organizations by electronic means. Used to transfer electronic documents or business data from one computer system to another computer system without human intervention.