eCommerce and its Applications

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Applications of e-commerce and its development is an unavoidable factor in the present day to day life.

eCommerce is an area which is used in various fields of business like wholesale, retail as well as manufacturing unit. eCommerce is a subset of the e-business that concerns commerce. The activity of the exchange of goods and services with some of the other kind of payment methods can be intended as commerce. eCommerce world is an application of information sharing among business trading basically online commercial transaction with clients. Now eCommerce modules or plugins are included in all types development of CMS  like wordpress. E-commerce is categorised into six major types they are:

1. Business-to-Business
2. Business-to-Consumer
3. Business-to-Administration
4. Consumer-to-Consumer
5. Consumer-to-Business
6. Consumer-to-Administration

eCommerce development and its applications is an unavoidable sector in the present day to day life. Given below are the most common eCommerce applications.

Retail & wholesale

There are numerous applications for retail as well as wholesale in the case of e-commerce. Here comes e-retailing or may be called as online retailing. This refers to the selling of goods and other services through electronic stores from business to consumers. These are designed and equipped using a shopping cart model and electronic catalog.

Marketing

Using web and e-commerce, data collection about the following are possible

1. Preferences
2. Behavior
3. Needs
4. Buying patterns

The marketing activities like price fixing, product feature, and its enhancement, negotiation, and the relationship with the customer can be made using these.

Finance

eCommerce is being used by the financial companies to a large extent. By the name finance, we know that there will be customers and transactions. The customers can check the balance in their savings account, as well as their loan account. There are features like transferring of money from and to their own accounts, paying off bills online and also e-banking. Online stock trading is also another feature of e-commerce.

 Manufacturing

eCommerce is included and used in the chain operations (supply) of a company. There are companies that form the electronic exchange. This is by providing buying and selling items together, trading market information and the information of runback office like inventory control. This is a way that speeds up the flow of finished goods and the raw materials among the business community members.

 Auctions

eCommerce customer to customer is direct selling of goods among customers. It includes electronic auctions that involve bidding system. Bidding allows prospective buyers to bid an item. In Airline Company they give bidding opportunity for customers to quote the price for a seat on a specific route, date and time.

 Entertainment

eCommerce application is widely used in entertainment area also for video cataloging, multiplayer games, interactive ads and for online discussion.

 Education

In educational training also e-commerce has a major role in interactive education, video conferencing, online class and for connecting different educational training centers.

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