Principles and Techniques of Veterinary and AH Extension

E-COMMERECE 

Introduction

Electronic commerce , commonly known as e-commerce or eCommerce , consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. Modern electronic commerce typically uses the World Wide Web at least at some point in the transaction's life cycle, although it can encompass a wider range of technologies such as e-mail, mobile devices and telephones as well. A large percentage of electronic commerce is conducted entirely electronically for virtual items such as access to premium content on a website, but most electronic commerce involves the transportation of physical items in some way.

Scope of e-commerce

The e-commerce has the scope for its use in the following areas

• Spurring and drawing on innovations in electronic funds transfer
• Supply chain management
• Internet marketing
• Online transaction processing
• Electronic Data Interchange (EDI)
• Inventory management systems, and
• Automated data collection systems.

Applications of e-commerce

Some common applications related to electronic commerce are the following

• Document automation in supply chain and logistics
• Domestic and international payment systems
• Email
• Enterprise content management
• Group buying
• Automated online assistants
• Instant messaging
• Newsgroups
• Online shopping and order tracking
• Online banking
• Online office suites
• Shopping cart software
• Teleconferencing
• Electronic tickets