Online E Commerce Marketplace : The Primary Type Of Multichannel Ecommerce Essay

Tying up too much capital in products that are not in demand could be a fatal mistake for struggling small businesses. Moreover, Inventory management can mean the difference between success and failure for some companies. According to the New York Times article, Macy’s was able to post a profit last quarter thanks in large part to improvements it made to its inventory management system. In spite of the unstable economic conditions and the huge competition in the market such as J.C Penny and Kohl’s, Macy’s was able to get market share and raise their profit. In this paper, I will be briefly discussing the inventory management history at Macy’s and how the changes in inventory management helped the

Pannu and Tomar (2010) defined online shopping as a process of shopping which is done through the internet. Customers go through this process to purchase products or services over the internet. Online shopping is done through an online shop, e-shop, e-store, internet shop or online store without going to the brick-and-mortar retailer or in a shopping mall to buy products or services.

Bhasin (2015) reported that one of the advantages of online portals is on the cost because they do not have to spend on retail setup or real brick and mortar setup. eBay is virtually present on any computer which has an internet connection. Consumers can use the site to compare products, terms, price and appearance of the product. Consequently, consumers get everything that can be found in a physical retail store.

EBay hosts an online marketplace where consumers and merchants can come together to trade goods in a variety of ways. One way this can occur is through Auction-type listings. This process consist of listing an item that is available for others to bid on for a specified amount of time; the person to bid the highest wins at the end of the allotted time. There is also a “buy-it-now” option where an individual can immediately purchase the desired item directly from the seller. There is an array of categories you can shop from and consist

this regard with these pure play online retailers, like Amazon, and even discount retailers, such as Wal-Mart

With the high costs of inventory, retailers need to manage costs of inventory and operations, keeping costs in line with sales and managing cash flow is a key capability for success. A successful retailer is able to match inventory purchases with their consumer sales at a similar rate, maintaining inventory turnover and cash flow through the business.

The name “eBay” (http://www.ebay.com) is synonymous with “online auctions”. Founded in September 1995, the company qualifies as a genuine cultural and economic phenomenon (Bunnell, 2000, p.vii). The site can be credited with creating and defining an entire industry and has remained the dominant force in the online auction world, with anywhere from 70 to 90 percent of the person-to-person online auction market. eBay is also the 15th most visited site (http://www.MediaMetrix.com) on the web. In the face of large competitors such as eBay, internet powerhouse, Amazon.com Auctions (http://www.amazon.com/auctions), is battling for online auction dominance over eBay. Amazon is not just a bookseller but also a genuine e-commerce platform for

Online Shopping basically the people buy the item through internet services like Facebook, Instagram and

The e-commerce system chosen is the Overstock.com. Overstock.com is an online retailer offering a broad variety of high-quality, branded name goods at discount prices, including bedding, home decor, appliances, watches, jewellery, electronics, sporting goods, clothing and shoes. At the beginning, Overstock.com sold surplus and returned merchandise on an online E-commerce marketplace and liquidating the inventories of the failed dot-com companies at below-wholesale prices (Drummond, 2006). Recently, it has expanded to sell new merchandise and also offering manufacturers, distributors and other retailers an alternative sales channel for liquidating their inventory. In addition to its direct retail

Then the consumer selects the product from the catalog of products from the merchant’s site and the selected product is sent to the electronic shopping cart.

Online shopping or online retailing is a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browser. Alternative names are: e-shop, e-store, Internet shop, web-shop, web-store, online store, and virtual store. An online shop evokes the physical analogy of buying products or services at a bricks-and-mortar retailer or shopping center. The process is called business-to-consumer (B2C) online shopping. In the case where a business buys from another business, the process is called business-to-business (B2B) online shopping. The largest of these online retailing corporations are eBay and Amazon.com, both based in the United States.

While online shopping (sometimes known as e-tail from "electronic retail" or e-shopping) is a form of electronic commerce which allows customers to buy goods directly or services from a seller through the Internet using a

* Java is a programming language that allows programmers to create interactivity and active content on the client computer.

Describe three techniques retail merchants use to integrate their online and offline sales channel beyond having an online store.

A type of business model, or segment of a larger business model, that enables a firm or individual to conduct business over an electronic network, typically the internet. Electronic commerce operates in all four of the major market segments: business to business, business to consumer, consumer to consumer and consumer to