Define E-Commerce

| A company 's suppliers, their supplier 's suppliers, and the processes for managing relationships with them constitute

To keep up with an effort to develop a seamless organization between suppliers and buyers; many boundaries that are in place

A Supply Chain (SC) is an integrated process where involves various parties who are directly or indirectly working together to fulfil a customer’s demand. These parties can be manufacturers, suppliers, transporters, warehouses, distributers, retailers and end consumers. The functions of the SC cover a variety of areas, such as R&D, information flow, marketing, finance, distribution, operation, and customer services.

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. These business transactions occur either business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. The terms e-commerceand e-business are often used interchangeably. The term e-tail is also sometimes used in reference to transactional processes around online retail, (SearchCIO, 2015). In other words e-commerce is the buying and selling of goods and services online.

The concept of supply chain is tightly linked to the concept of collaboration. A supply chain by nature involves the interaction of two or more firms, sharing resources, risks and capabilities and jointly working to achieve higher business performance. Therefore, companies involved in a supply chain structure must ensure collaboration among their partners by applying the following interventions :

2. What is the conducting of business on the Internet, not only buying and selling, but also serving customers and collaborating with business partners?

Improved supplier performance: Supplier management and vendor support tools help the company to maintain the flow of raw material delivery and also to continually check the quality of

Vertical relationships refer to the traditional linkages between firms in the supply chain such as retailers, distributors, manufacturers, and, parts and material suppliers (Coyle, Langley, Novack, Gibson., 2012). There are 3 types of supply network relationships; Vertical integration, partnerships, and market trading. The first example of a vertical relationship is spot trading. Spot trading is the purchase or sale of a foreign currency, financial instrument, or commodity for immediate delivery (Staff, 2017). It may also be known as cash trade. Spot trades are becoming more important to companies as

Our lives today are touched in every way by electronic commerce. Everything from watching movies on Netflix, listening to music on Apple Music or Spotify, or purchasing anything from A to Z on Amazon.com. E-commerce is mentioned daily on the internet. How is E-commerce defined? According to Laudon and Laudon, it is defined as a business transaction on the Web and Internet. The business transaction involves the company and the customer in the form of a digital transaction. This digital transaction occurs through the World Wide Web and the Internet. The transaction involves the customer paying for

Supply chain management (SCM) is the supervision of materials, information, and finances as they move in a process from supplier to manufacturer to retailer to the cessation consumer. There are three crucial flows of the supply chain: The product flow, the information flow and the finances flow. SCM involves coordinating and integrating these flows both inside and between

The company aims at building long term relations with its suppliers and also investing into more automated production which ultimately help them to produce better quality products at lower cost.

→ Commercial transactions: exchange of value across organizational or individual boundaries in return for products or service.

Electronic trade, otherwise called E-Commerce is business exchanges led electronically on the web. E-commerce was presented in the 1960s through an electronic information exchange (EDI) on quality included systems (VAN). Numerous block – and – mortar retailers that were working out of physical structures lost business to online organizations, for example, Amazon, and EBay. Thus, e-commerce has developed throughout the years; organizations from Walmart to little one individual organizations now offer their items on the web.

The purpose of Intra-organizational applications is to help a company maintain the relationships that are critical to delivering superior customer value by paying close attention to various functions in the organization.

Nurturing the relationships with the existing suppliers and new suppliers to ensure that they provide priority and best quality of service to you.