Overstock.com E-Business

Amazon.com operates in the Online Retail Industry. The sector is one of the fastest growing globally and is outperforming the ordinary retail marketplace. It was created after 1995 and it was only the Internet that made it possible for such an industry not only to be established but to become one of the most flourishing sectors in the business environment. What is interesting is that Amazon.com, together with eBay is the pioneer in the field. Both companies were launched in 1995 and are still extremely successful. The creation of e-mail in 1996 had a huge impact on the development of online retail by introducing a fast and easy way to communicate with customers. For this two-year period Internet usage

EBay has paved the wave in this industry and being in a billion dollar industry making things happen to benefit consumers in many ways.[5]

Also, Amazon has emphasized on building “several distribution centers around the world to hasten deliveries”(Hof and Himelstein, 1999). Coupled with its software it provides a “laser-like focus on the buying experience”(IT Business Edge, 2012). Such a system and service is what draws customers towards Amazon and subsequently retains them.

The two supply chains of Walmart and Amazon are different from each other and are efficient at their own perspectives. Both the supply chains are highly efficient in reaching out the customers in different ways. Walmart’s supply chain is completely based on store based retailing whereas Amazon’s supply chain is based on online retailing. The various methods followed by Walmart in its supply chain are vendor management inventory, cross-docking and central warehousing. Amazon acts as a retailer, as a third party and as an agent in supply chain management while selling various products through online.

eBay has a choice preferred standpoint. Regularly contributed similar to the world 's greatest store, and have a bigger number of things available to be purchased than anyplace else. However its maintainability props on patch up unstable ground as omnichannel world envision, for arranging purposes, that everything is available to be purchased in each commercial center, each methods, and each channel. Partaking connected shoppers may never get to that world, yet it 's a helpful arranging presumption.

Many businesses have shown that after implementing an e-commerce system into their companies, sales have increased immensely. Sneaker Joe’s is a small family run business that is looking to expand their business after the sneakers they sell have shown to be very popular locally, after a picture of them was spotted on a social networking site. I have been looking at some of the most popular websites that consumers use to purchase their goods and what kind of commerce system they have in place, but first, I have written an explanation of the different types of ecommerce used today.

This paper covers the accounting errors related to freight costs that led Overstock.com in 2006

Online commerce was introduced to consumers in the mid-1990’s, and in the years since, it has grown exponentially. It started out virtually nonexistent and has become a multi-billion dollar industry. Nearly every retail sector has entered online commerce; clothing, electronics, home, health and grooming items, even food and groceries are starting to gain traction online. Online commerce sites rival traditional brick and mortar stores such as Walmart and Target, as well as other big-box stores. As online retailers such as Amazon continue to expand, many brick and mortar stores have been making their way online, indicative of an increasing movement towards online commerce. With more than 80% of the online population having made an online

Amazon.com and Overstock.com are the two companies that will be researched in detail. Their financials will be comb through and synopsis of their financial status will be developed. These two companies are within the same industry of selling discounted products online. This is a tough industry to do well in and competition is tough. The e-commerce marketplace is intensely and savagely competitive. Their financials tell the story and show how lean and mean these companies must run. This paper is going to touch on briefly on each company, what they do, where they are financially, ratios between the two and their industry, and look at their cashflow.

The basic Amazon sales channel is the web store front- end which serves as their core business. Customers go to the Amazon.com website, browse products, and place orders. Amazon is responsible for all front-end customer relationships and back-end logistics in this model. Once an order is placed, Amazon decides which internal distribution center or drop shipper should be responsible for shipping the order to the customers. After that, Amazon will responsible for coordinating the fulfillment of the order. When products are sourced from its internal distribution centers, then Amazon start to picks, packs, and ships the order. When products are sourced from a drop shipper, such like a book distributor, the distributor packages the products by using the Amazon box delivers it to the customer (Maltz et al., 2004). This model requires Amazon to maintain or purchase inventory for immediate selling. In this model, Amazon owns the customer relationship, provides the technology, owns or purchases the inventory, and executes the logistics as well.

This set of data belongs to the online retailer industry. The most significant categories that helped with our decision was the low inventory for a retail business and the relatively high inventory turnover. The reasoning behind the high inventory turnover was because the goods were allowed to sit in storage until sold because of the online aspect of the business. We were also able

Overstock. com, Inc., incorporated was created on February 27, 2002, it’s an online giant retail and incubator of a blockchain technology. The online retail giant offers a broad range of price-competitive brands. They carry non-brand names, closeout products, furniture, bedding, home décor, housewares, bath, jewelry and designer products. Overstocks offer Retail and Medici business, the Retail end of it consist of Direct and Partner segments. Other segments include Medici. The company sells various magazines, discs, and video games. All the products and services are handled through its Internet Websites. You can obtain these products by going to www.overstock.com. The company offers Fair Trade, Farmers Market, Pet Adoptions,

The Rain Forrest. Com has lead the way in online retailing, the company expanded in the early 1990s to offer the world the biggest selections of books, electronics, toys, tools, clothes, household items in general. Through third party agreements, Rain Forrest.com does sell products from major retail companies like Target Corporation, Expedia Inc., Hotwire, Virgin Wines etc. Through out the 1990s the internet and the world wide web became very popular, it took over the world, businesses had personal computers, internet providers, and web browser software. As the world wide web became predominant in society businesses turn to the web to find new opportunities for commerce. Selling merchandise on the internet gave many choices and opportunities (Funding Universe, 2004).

Banks remain Relevant. In (Kell 2017) the author discusses how sports clothing company Lululemon is expanding their business not just with brick and mortar stores but also by expanding their e-commerce by 20%. Through the internet companies can reach more people worldwide than they can from their stores. Many companies are feeling a lot of pressure to close store due to the fact that e-tailing is becoming more and more popular. Companies can use websites to track consumers and get a better idea of what they are buying, this would be important for Joseph A. Bank because when they bring in new products they could have a better representation of consumer interest in it. Although it is more convenient to the consumer to shop online it does have a few drawbacks, from a retailer stand point e-tailing is all self-service. A specialty retailer like Joseph A. Banks may lose customers looking for help with selection if the focus too much on e-tail. Also another problem that can arise is the increase of competition with lower prices, due to the reach of the internet Joseph A. Banks will have to compete with stores worldwide to get

There are a large number of potential customers for C2R. The company's model has proven effective for a seller of physical goods already, so this category appears to hold the best potential. In particular, companies that do not have a physical sales infrastructure will see value in C2R's service. Companies that have a third-party physical sales infrastructure are especially good candidates. This is doubly the case for firms that have little interest in vertically integrating the reverse logistics function. The ideal client or partner should be an industry leader, because there is a certain prestige factor to working with the best and that prestige can be used as a selling point. One example can be Dell, which now sells through stores as well as online. This company does not have branded stores, so uses third-party outlets. Moreover, because this is a recent initiative, Dell might not have a sophisticated system for handling returns. Yet it sells over $60 billion per year. Additionally, Dell has a challenge in that a lot of its end consumers are also businesses, making our B2B reverse logistics model even