Best for IACT Ecommerce Solved Assignment and others
Answer:
The business environment is changing rapidly. Most of the companies are looking forward outside and within to shape business strategies. These activities include private electronics connections to customers, suppliers, industry groups and distributers etc. the super high ways are expanding at a rapid pace, thus allowing business to exchange information. E-commerce uses are consistently broadening. It is nowadays used in various industries. For an instance e-commerce is used in retailing industry and production outfits.
In retailing industry we can see the revolutionary changes are being observed. Whole stores now are operating in online format. The most prominent names in this online shopping are flipkart.com, myntra.com and jabong.com. Through using e-commerce retailers are filling their orders and slashing their back office cost. Overall they’ve invested in a technology but now are reaping the fruits of it. Whereas manufacturers are using concepts like Just in Time (JIT), inventory management to reduce their operational costs to gain competitive advantage over their competitors and leading to higher profits.
Thus we can conclude that e-commerce in present era has became a tool for revolutionizing an organizations marketing and production techniques by creating competitive advantage.
