Info & Comm: Internet Flashcards
Electronic Commerce
Completion of exchange buying and selling transactions
Electronic Business
use of info technology, particularly networking and communications technology, to perform usiness processes in an electronic form
Electronic Data Interchange
A computer- to computer exchange of business transaction documents
E-Cash
Ex. Paypal - remains private but can easily pay cash
E-commerce & EDI
E-Commerce is less expensive than EDI
EDI Communications
Direct links, through communication intermediaries
Value added networks or over the internet
Costs of EDI
1) Legal Costs
- contracts with trading contracts and service providers
2) Hardware Costs - Communication Equipment
3) Costs of Translation Software
4) Costs of Data Transmission
EDI Risks
The greatest risk in an organization use of EDI is unauthorized access to the organization’s systems
Challenges faced In BPR
1) tradition
2) Resistance
3) Time and cost requirments
4) lack of management support
5) Skepticism
6) Restraining
7) Controls
Business to Business
a) B2b Ecommerce
b) Electronic Market
c) Direct Market
Importance of B2B
1) Speed
2) Timing
3) Personalization
4) Security
5) Reliability
Supply Chain Management Setup
concerned with four important characteristics for every sale: what, when and where the goods were delivered and how much the goods cost.
ERP Functions
1) Enter once, used by all
2) acts as the framework for integrating
3) vital cross-functional information to assist in the decision making process
SCM Objectives
1) Achieve flexibility and responsiveness
a) Planning
b) m Sourcing
c) Making
d) Delivery
