Sunday, July 31, 2016

Define VAN.What are the services of VAN?

VAN(Value Added Network) : A private network provider lired by a company to facilitate electronic data interchange (FDI) and/or provide other network services such as message encryption, secure email and management reporting.A VAN simplifies the communications process by reducing the number of parties with which a company needs to communicate.

Services of VAN : 

* Easylink offers fast delivery of documents and allows you to effectively track monitor and process all of your business documents.

* Using easy link you will consistently provide with delivery confirmation of documents and other data files.

* Document can be delivered in real time or retrieved when it's convenient for you.

* Easy link can handle standard EDI data transactions, as well as images engineering drawings architecture blue, prints, audio, and types of video.

* Easy link is come commented to approximately 15 public VAN interconnects world wide approximately so private interconnects.

* Data back & recovery & document mapping  & compitance.

What are the Opportunities of E-commerce

The Opportunities of E-commerce  are :

1. Our Business : 

* Speed up production

* Increase efficiency of process

* share information

* generates new information based products 

2. Customer :

* improve market awareness

* create new sales channels

* customize marketing

* research markets

3. Business Partner :

*Manage supply chain

* Reduce transaction expenses

* Create dynamic virtual organization

4. Direct sales

5. Pre-sales

Discuss with diagram the sales cycle of E-Commerce

Ans : The safe cycle of E-commerce consists of 5 processes :

1. Information Sharing :
  • Create awareness of product and services and organization provide to their customer
  • Distribute to online communities
  • Gather info from various visitors
2. Ordering :
  • Use EDI(Electronic Data Interchange) for online order, creating, processing and email
3.payment :
  • Create, digit cash, credit card facilities
  • Management s/w is needed
  • EDI mgt s/w should be requiring
4.Fulfilment :
  • Use the internet to supply product or services online.
  • Use EDI to communicate with shipper suppliers and distributors
5.Services & support :

  • Provide info and invite questions and comments via tax email or phones.

    6. check inventory at warehouse

    7. Generate invoice

    8. Send Invoice

    9.Send Product

    10. Configuration of receive product

    11. Medium

What are the tools are components of E-Commerce explain

Ans : Electronic commerce is system that includes not only those transactions that center on buying and selling goods and services to directly generate revenue, but also those transactions that support revenue generation such as generating demand for those goods and service (on the following figure) or facilitating communications between business partner.

Electronic commerce builds on the advantages and structures of traditional commerce by adding tv flexibilities offered by electronic networks (on the following figure)

Components : There are three component of E-Commerce, they are :

1. Institutions :
  • Government
  • Consumers
  • Merchants
  • Manufactures
  • Suppliers
2. Process :
  • marking
  • Sales
  • Payment
  • Fulfilment
  • Support
3. Networks :
  • corporate
  • internet
  • commercial

Write down the characteristics of E-Commerce

 The characteristics of E-Commerce :

1. Unambiguity :
  • Available everywhere
  • Built into other devices
  • Hidden but still there
  • Lower transaction cost for the consumers/buyer
  • Cognitive energy reduces by unambiguity
2. Global React :
  • Easily reach across geographic boundaria
  • Easy to understand how this feature can benefits business and consumers
3. Universal Standards :
  • E-Commerce made possible through h/w and s/w content (world wide web )
  • Universal standards can greatly influence market entry costs
  • Reduce entry costs
  • Lot more competition
4. Richness :
  • Advertising and branding are an important part of e-commerce
  • E-commerce can easily deliver video, audio, animations etc
  • So richness is much better than other technologies.

5. Interactivity:
  • Consumer/user can through with the content

    6. Information Density:
  • Reduce information cost
  • raises the quality of information

  • 7. Personalization/Customization:

  • To do customize the information

Why a Business corporation should conduct their online, explain

** A business corporation should conduct their business online for these: 

1.Our Company Image : While this alone isn't enough to create a website and begin selling online, it is an important factor to compiler without a website or online presence clients could begin to wonder how serious we are about business.

2.24 hour availability : While some fast food restaurants, grocery stores and gas stations manage 24 hour service, it is impossible for most business.

3.Better Customer Support : The internal allows us to answer question, give sales seminars and solve customer problem all without taking any of our time.

4.Very low start-up costs : Starting out online means very low start-up cost.We have no buildings to construct, no vehicle to buy and few (if any) staff to hire>Simply build our site and start selling.

5.The internet was made for business : The beauty of the internet is the our prospective client(S) can literally be just one click away from our online store. 

6.Live anywhere : Taking our business sales online might just free up our location online and allow us to live where we want time not where we have to.

7.Reduce operation cost : Just one single we task can make a significant difference vehicles in cost savings.For example receiving simply orders online reduces.The need for customer service staff.

8.Target the global market : With our brick and mortar company, we are that limited to the amount of individuals who can visits us at any given time, let alone find us.

Difference Between Traditional Commerce and E-Commerce

Action Traditional Commerce E-Commerce
1.Acquire product information 1. Magazine, flyer, online catalogues. 1. web pages.
2. Request item. 2. Printed form, letters. 2. Email.
3. Check catalogues and prices 3. Fax catalogues . 3. online catalogues .
4.Check product availability and confirm price. 4. Phones, fax . 4. Email .
5. Generate order. 5. Printed form. 5. E-mail, web pages.
6. Send/Receive Order. 6. Fax,mail. 6. Email, EDI.
7. Prioritize order. 7. Fax,mail . 7. Online database.
8. Check inventory at warehouse. 8. Phone, Fax. 8. Online database web pages.
9.Schedule delivery. 9. Printed form. 9. On-line database, E-mail.
10. Generate invoice. 10. Printed form. 10. Online database.
11. Receive product. 11. Shippher. 11. Shippher (Unless if electronic).
12. Confirm Receipt. 12. Printed form. 12. Email.
13. Send Receive invoice. 13. Mail. 13. E-mail, EDI.
14. Schedule payment. 14. Printed form. 14. EDI, Online database.
15. Send/Receive payment. 15. Mail. 15. EDI.