E-Commerce: How different is it?

Tag : , , ,

E-commerce has been around for sufficient amount of time now and made its impact felt in the arena of international trade, import/export and global sourcing. Still if there are some of you around who aren't familiar or comfortable with the term or the technology behind it, this article is just the right choice for you to read and dispel your ignorance for ever and ever.

It was stated nearly a decade ago that the main concept of e-commerce is not about bolting technology to business, rather utilizing technology to carry out processes related to trade which includes international trade, import/export and global sourcing in a slightly different manner, as compared to traditional methods of the same.

E-commerce most covers activities related to trade including international trade, import/export and global sourcing across networks using information technology. So basically it changes both the cultural and operational aspects of carrying out domestic trade, international trade, import/export and global sourcing. Although the end results of carrying out these activities related to domestic and international trade, import/export and global sourcing still remain the same, namely to earn profits by making sure that output exceeds the input. Of course one might be tempted to say that output can never exceed the input in scientific terms and this is very true also. But when we talk in business terms we measure input in terms of tangible things such as raw material etc but intangible things like mental work, planning etc are not included hence the equation does not satisfy the normal physics laws.


Article has No Comments.

Post a Comments:


( will not be published )