Archive for the ‘E-Commerce’ Category
International Trade: E-commerce
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In the developing China e-commerce, integration process is the important step. There have been many hills and valleys in China e-commerce in last some years affecting global sourcing. When internet is growing then everyone in China resort to it in the hope of profit and suddenly they find it unprofitable. This wonder of internet affects the interest of people in e-commerce. In fact internet is only an information provider network system which assistsininternational trade. It has itself no market value but the whole things are created when market activities takes place on the information platform. When changes occur on information level in China e-commerce then only any activity is created on internet.
There are about forty thousand multinational companies operating world wide and almost 200,000 overseas joint ventures that run across the continents. Many of these collaborations and joint ventures have concerns, directly or indirectly, with China business enterprises. The access to China through world-wide international trade investments is increasing day by day.
However, paucity in China e-commerce is created only when activities take place in national and internet front of China. It leads to either loss or profit in international trade for companies based on internet. Integration of China global sourcing and import and export is an important step in this direction taken by big domain names in China e-commerce. With it the goodwill of big domain names is utilized to create perfect communication infrastructure platform in international trade. It is integrated with high brand name, quality structure, developed technology and good quality product in market.
Moreover, due to globalization the extent to which China’s international trade and investments bears an impact is very wide. It is due to globalization that the international market has a direct approach to acquire modern technology and consequently reduce the problems of distribution and stumpy internal coordination expenses. It has opened the doors for the specialization of network services and products with collective support of companies. Business process outsourcing for both internal activities and external activities is the result of globalization of international trade and global investments. Business process outsourcing is the common concept in the entire world and China is one of the leading countries that provide such services. For quality work and performance the outsourcing companies often select China as their business collaborators.
As such they are investing on reasonable price raw materials and labor. However the main reason for all these activities is to get access to a wider market. Although there are some drawbacks of expansion of international trade and investments but if rules of international trade are followed then the problems can be minimized and properly handled. The big size of the Chinese market is a major attraction to many prospective new entrants in international trade and investments.
What is E-commerce?
Over the past few decades international trade and e-commerce have grown at a phenomenal rate combined with rising import/export and global sourcing policies. International trade also took place long time back even when there were not advanced telecommunications or other networks and goods were exchanged in import/export in those days. With the advancement of technology the impetus given to import/export of trade and global sourcing was tremendous and one of the latest tools in the armour is that of e-commerce. Basically e-commerce refers to the carrying out of trade by use of electronic media mainly the internet for doing international trade, import/export and global sourcing. Obviously the advantages of this are many and will be discussed separately in a different article but it should be sufficient to know at this stage that various activities related to import/export, global sourcing, international trade and procurement and sales of goods and services comes under the purview of e-commerce mainly because of the ease of communication and the wide and extensive reach it provides, combined with huge savings both in terms of time as well as money, which together constitute one of the biggest factors in the life of any business or organisation.
The range of businesses which are involved in active utilisation of e-commerce is quite broad and includes those of e-banking, e-logistics, offshore manufacturing to name a few. It can be noticed that the common factor amongst most of these is the ‘e’ which stands as an acronym for the word ‘electronic’. Nevertheless it must be kept in mind that more often than not, the word electronic refers to the medium of internet and other networks, when the current times of e-commerce, import/export, global sourcing and international trade are considered. In fact the term has become so popular now that even small scale individual entrepreneurs are utilising the technology of e-commerce to carry out international trade, import/export and global sourcing targets.
Last but not least it can be concluded that e-commerce has made the world a global village where tasks like import/export, global sourcing and international trade which were hitherto quite tedious, costly and time consuming to carry out, are not done within the flick of an eye at relatively much lower costs. It is hoped that in the times to come the technology of e-commerce will prosper even more and will contribute much more to the carrying out of international trade between various nations, global sourcing to find out the best suited commodity or service at the most reasonable price and import/export of goods and services freely across the border making the earth a single unit at least commercially speaking if not politically.
Ecommerce Application
Mechanisms in e-commerce communication
Internet is the best mode of interaction between businessmen and customers in present times. Buying & selling of products through the mode of websites is popular due to various advance technology oriented concepts. Online business is growing rapidly through various software that help customers to ease the work of buying & selling activities. There are many mechanisms are working in the field of online business like:
Shopping cart software
Online e-telephony
“Shopping cart software” is the mode of online presentation of products for sale. Shopping cart software provides visualization of products to choose, online payment facility, joint selection of products in form of list, etc. Shopping cart software is the easiest way of doing shopping online by selecting all the goods in the cart and pay once for all selected items. There are many features provided by this software like:
Credit card acceptability
Easy navigation system for the customers
Customer account facility
Order management facility
Web based administration facility
Flexible shipping & tax options
Built-in site optimization tools
Inventory management facility
Online telephony is one of the best ways to communicate regarding business. It is the technology which is used to convert the voice signals into data packets then these packets are transported to data network which is running an Internet Protocol (IP). Simply it is the technology that let the customer to call by phone on the same line which they are using for internet connection. It helps in saving the cost of making calls on basic telephone line for business communication. This is online communication technology popularly known in the web world as VoIP (Voice over Internet Protocol).
Benefits of Online E-telephony
User is able to differentiate the calls as business calls, personal calls, or customer service calls even they are on same line.
User can direct the calls to respective departments and take automated orders.
User can screen the callers without any information to caller.
User can get forwarded calls from all over the world.
No line busy problems.
Voice mails can be received on computer.
There are many more facilities can avail by using e-telephony. That is how communication on the internet is providing lots of facilities to ease the business complexities and raise profits by reducing costs to business.