E Commerce

E-commerce

Electronic commerce, commonly known as E-commerce or eCommerce, is trading in products or services using computer networks, such as the Internet. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer,supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web for at least one part of the transaction's life cycle, although it may also use other technologies such as e-mail.

E-commerce businesses usually employ some or all of the following practices:

• Provide Etail or virtual storefront on websites with online catalogs, sometimes gathered into a "virtual mall"
• Buy or sell on online marketplaces.
• Gather and use demographic data through web contacts and social media.
• Use electronic data interchange, the business-to-business exchange of data.
• Reach prospective and established customers by e-mail or fax (for example, with newsletters).
• Use business-to-business buying and selling.
• Provide secure business transactions.
• Engage in pretail for launching new products and services – Ref Wikipedia.

E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the Internet.

E-commerce is conducted using a variety of applications, such as email,fax, online catalogs and shopping carts, Electronic Data Interchange (EDI),File Transfer Protocol, and Web services. Most of this is business-to-business, with some companies attempting to use email and fax for unsolicited ads to consumers and other business prospects, as well as to send out e-newsletters to subscribers.

The benefits of e-commerce include its around-the-clock availability, the speed of access, a wider selection of goods and services, accessibility, and international reach. It is perceived downsides include sometimes-limited customer service, not being able to see or touch a product prior to purchase, and the necessitated wait time for product shipping.

To ensure the security, privacy and effectiveness of e-commerce, businesses should authenticate business transactions, control access to resources such as webpages for registered or selected users, encrypt communications and implement security technologies such as the Secure Sockets Layer.

Asuntrix Global Private Limited. has successfully launched number of eCommerce projects in health, technology, Clothing and retails goods. Asuntrix Global Private Limited. focuses on fine tuning the return on investment and uses its expertise to regularly optimizing the inputs vs output portfolio.