What Is The Future of Ecommerce In 2018! Special Report

Technology is not achieving its objectives unless people accept it, and merged in its areas and merged with their social fabric, and became close to them do not differentiate between small and large, and this is only if this technology opened doors to people of different capacities, and found themselves and found themselves in them.

E-commerce is one of the most important results of information technology in this age. Its use in business transactions has led to economic, social and psychological changes, created a new pattern of shopping and jobs, created new jobs and changed the traditional work environment. Transfer 7 Figure Cycle technology and integrate it into the community.

Appropriate technology is a creative mix of the advantages of modern technology and effective traditional practices to create solutions that allow people to live in comfort and well-being.

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What is E-Commerce Business

There are many definitions of e-commerce, and there is no universally defined definition. “As defined by the World Trade Organization:” It is a complete package of transactions, establishing trade links, distribution, marketing and sale of electronic products, while OECD defines them as: Through open networks. ”

As defined by some as “business involving the distribution, marketing, sale or delivery of goods and services using electronic means”, also known as “the use of electronic means to enable exchanges, including the sale and purchase of products and services requiring digital or Material from one place to another “.

While others see it as “the implementation of some or all of the commercial operations of goods and services through the Internet and other global commercial networks, that is, using ICTs, an easy and fast way to enter into e-commerce transactions, whether trade in goods, services or computer programs” .

The term e-commerce has emerged with several synonyms, such as e-business and other new concepts produced by ICTs. Which led to confusion between them and the belief that there is no difference between e-commerce and e-business.

Electronic commerce is the buying and selling of digital media. E-business, in addition to e-commerce, includes both the main office applications (executive), company policies, and the company’s business management applications, which are internally executed and not publicly accessible such as accounts, service, warehousing, and management.

E-commerce was considered by most to be the only online shopping process, indicating a lack of cultural awareness of e-commerce in general.

From the above, we conclude that e-commerce can generally be defined as: “Interoperable business processes using electronic means”.

Difference Between Traditional Commerce & E-commerce Business

It is necessary to talk about traditional trade taking into account e-commerce. Trade is generally all activities related to the purchase or sale of goods or services. These activities are divided into the following categories:

1. Marketing: activities related to reaching actual and potential customers, to provide them with information about the company, brand, products or services.

2. Sales: These are transactions related to the actual sales transaction, including the transaction itself.

3 – Payment: It is related to the buyer’s implementation of his obligations in the sale.

4. Meeting requests: These are activities related to the seller’s fulfillment of his or her sales obligations.

5 – Customer Service: follow-up activities after the fulfillment of requests, to solve problems and questions, and also related to pre-sales support, and public questions and so on.

E-commerce is an unconventional way of reaching consumers around the world, which generates huge returns, offset by a significant reduction in costs compared to traditional trade, and companies Through e-commerce, better management of procurement, supply, sales, transportation, insurance, accounting operations, inventory control, and e-commerce can also provide daily information about customers, which undoubtedly leads to reduced transaction costs Yeh; because it cancels the role of intermediaries between the seller and the buyer.

The History Of Ecommerce

The beginnings of e-commerce applications began in the early 1970s, and the most famous is the application of Electronic Funds Transfers, but the extent of this application did not exceed the giant business enterprises. EDI, which expanded the application of electronic commerce from financial transactions to other transactions, led to an increase in the shareholding companies from financial institutions to factories and retailers. Then came the applications of telecommunications, such as the sale and purchase of shares.

With the advent of the Internet in the 1990s, the term e-commerce began to be used, and then e-commerce applications were developed significantly.

From 1995, we saw a lot of creative applications, from online advertising to auctions to virtual reality experiences. So much so that every large or medium-sized company has established its own website. For example: In 1999, General Motors established more than 18,000 pages of information on its website 7 Figure Cycle, with 98,000 links to the company’s products, services and agents.

Types of eCommerce

E-commerce can be divided into four sub-categories:

1. Business-to-business: An example of the first category of e-commerce is that a company uses the network to obtain orders from suppliers and to receive and settle invoices.

2. Business-to-consumer e-commerce: Equivalent to retail e-commerce, this category has seen growth and breadth since the birth of the Web (www).

3. E-commerce between business and government organizations (business_to_ministration): It covers all transactions between companies and governmental organizations. At present, this group is in early childhood, but it is expected to expand and spread rapidly as governments begin their own operations to promote awareness of the importance of e-commerce and ensure its prosperity.

4. E-commerce between consumer and government organizations (consumer_ to_ administration): This category has not yet been established. However, with the growing use of e-commerce between businesses and consumers and e-commerce between enterprises and government organizations, Governments have expanded the scope of electronic interaction to include other areas such as social service payments and self-generated taxpayers.

Benefits Of eCommerce

E-commerce offers many benefits to companies, customers and the community.

1) E-commerce expands the market to an international and global scale. With little to no cost, any company can find more consumers, better suppliers and more convenient, quick and easy partners. For example, in 1997, Boeing announced a financial saving of 20% of its original cost, after announcing the need for a plant to make a partial system for the company. The announcement was posted on the company’s website, and a Hungarian company responded to the request. The Hungarian company offered a cheaper, better and faster offer than the other companies.

2) Reduce the costs of establishing, processing, distributing, preserving and retrieving paper information.

3) The ability to create very specialized trades. For example: in normal cases, dog toys can be bought from any animal shop. But now you find websites specializing only in dog toys.

4) Allow reduction of stocks by using the draw process. In the Bitcoin Code system of withdrawal, the process begins to obtain a commercial order by the consumer, and to provide the consumer with the request through timely manufacturing Just-in-Time, and the process of withdrawal allows the manufacture of the product or service, according to the requirements of the buyer and this gives the company a commercial advantage over its competitors.

5) Reduce the time period between payment of money and access to products and services.

6) Reducing the cost of telecommunications. The Internet is much cheaper than value added networks.

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