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What is E-Commerce?

Electronic Commerce (EC) is the integration of Electronic Mail (e-mail), Electronic Funds Transfer (EFT), Electronic Data Interchange (EDI), and similar techniques into a comprehensive, electronic-based system encompassing business functions such as procurement, payment, supply management, transportation and facility operations.

The latest advances in electronic commerce include collaborative applications such as demand forecasting and management and for product design and life cycle management. Some of the important business benefits of using e-commerce include:

  • Managing inventory more efficiently
  • Adjusting more quickly to customer demand
  • Getting products to market faster
  • Cutting the cost of paperwork
  • Obtaining lower prices on some supplies
  • Reduce errors from reentering business documents.

VIRADIX can provide complete support for your e-commerce initiatives.

VIRADIX: The smart choice for supply chain managment consulting.
     
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