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E-COMERECE

E-commerce is the way of the distributing buying,selling,marketting and the servicing of the products or services over the internet or the other computer network.

The E-commerce involves the following aspects:-

• ELECTRONIC FUND TRANSFER
• SUPPLY CHAIN MANAGEMENT
• E-MARKETTING
• ONLINE TRANSACTION PROCESS
• ELECTRONIC DATA INTERCHANGE





ELECTRONIC FUND TRANSFER(E.F.T):-

The electronic fund transfer reffers to the computer based system used to perform the financial trasnsactions electronically.
It is used for the following purposes:-
• Card holder initiated transactios.
• E-payments by business including the salary payments.
• E-checks.

SUPPLY CHAIN MANAGEMENT:-

The supply chain management is the process of planningt,implementing and controlling the operations of the supply chain with the purpose to satisfy the customers's requirements as soon as possible.It spans all movements and the storage of raw mwterial work in progress inventory and the finished goods from point of origin to the point of the consumption.





E-MARKETTING:-

Internet marketing is most commonly a component of electronic commerce, but Internet marketing campaigns are also used to drive a marketing message for services that cannot even be ordered online.Internet marketing can sometimes include information management, public relations, customer service, market research, and sales. Electronic commerce and Internet marketing have become popular as Internet access is becoming more widely available and used. Well over one third of consumers who have Internet access in their homes report using the Internet to make purchases.



ONLINE TRANSACTION PROCESS (OLTP):-

Online transaction processing, refers to a class of systems that facilitate and manage transaction-oriented applications, typically for data entry and retrieval transaction processing. OLTP has also been used to refer to processing in which the system responds immediately to user requests. An automatic teller machine (ATM) for a bank is an example of a online transaction processing application.The technology is used in a number of industries, including banking, airlines, mailorder, supermarkets, and manufacturing. Applications include electronic banking, order processing, employee time clock systems, e-commerce, and eTrading. The most widely used OLTP system is probably IBM's CICS





ELECTRONIC DATA INTERCHANGE(EDI):-

The electronic data interchange is a set of standards for structuring the information that is to be electronically exchanged between and with in business organisations,government entities and other groups.The standard describes structures that emulates documents like purchase orders to automate purchasing.The term EDI is also used to reffer to the implementations and operation of systems and the process for creating,transmitting and the recovery of the EDI document.


• Scott E Rodder