Benefits of E-commerce to Business Organisations

1. It gives a competitive advantage over competitors.

2. It helps business organisations by gradually declining the cost of operations.

3. It also expands the marketplace to national and international markets.

4. It also facilitates Pull Supply Chain Management. Pull Strategy means following a just-in-time inventory management technique under which the organisation enters the products into the supply chain only when the customer demand justifies it.

5. Because of e-commerce, small and big firms co-exist in the market.

6. It also enables proper time management and supports business processes.

Benefits of E-commerce

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What is E-commerce?

E-commerce, also known as Electronic Commerce, refers to the purchase and sale of goods and services through the Internet. The first online transaction occurred in 1994 when a guy sold a Sting CD to a friend via his website Net Market, an American retail platform. This is the first case of a consumer purchasing a product from a business over the World Wide Web, sometimes known as e-commerce. After that, e-commerce evolved to make it easier to locate and purchase products through online merchants and marketplaces....

Benefits of E-commerce

E-commerce provides different benefits to Business Organisations, and Consumers and Society....

Benefits of E-commerce to Business Organisations:

1. It gives a competitive advantage over competitors....

Benefits of E-commerce to Consumer and Society:

1. It brings flexibility to the customers....

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