Week 1 Flashcards
E-commerce definition
Activity of selling or buying products digitally over the internet
E-business definition
Digitally enabling transactions and processes within a firm
Involving IS under the control of the firm
Involves the use of ERP, CRM that connects different business process
E-business
Buying, selling products digitally
E-commerce
Digitally enabled transactions and process within a firm
Information system under control of the firm
E-business
Does not involve commercial transaction
E-business
E-business Activities
Drop shipping
Customer management
Online store setup
Marketing
Shipping
Payment options
Invoicing and packaging
Pricing manipulations
Order management
Global trending
Digitizer products store
E-business Platform
ERP
CRM
XML/EDI
EAI
B2Bi
CMS
E-commerce Unique Feature
Social Technology
Interactivity
Information richness
Information density
Ubiquity
Global reach
Universal standard
Personalization/Customization
Marketspace
Website
Platform
Marketplace
Store
History timeline
1995 - 2000 Innovation/Invention
2001 - 2006 Consolidation
2007 - Reinvention
When EC started
1970
How EC started
Larger corporations create private networks to share information with business and suppliers
What does EDI do
Standardize transmitted data
Streamlined procurement process
Eliminated paperwork and human intervention