Electronic commerce, commonly known as e-commerce, is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet and other computer networks Transaction processing is a style of computing that divides work into individual, indivisible operations, called transactions. A transaction processing system (TPS) or transaction server is a software system, or software/hardware combination, that supports transaction processing. - Lower transaction costs. If the site is implemented well, the web can significantly lower order taking costs and customer service costs after the sale by automated processes. - Variety for shoppers: It gives people the opportunity to shop in different ways. - The ability to build an order over several days
- The ability to configure products and see actual prices
- The ability to compare prices between multiple vendors
- The ability to search large catalogues easily
The technology and infrastructure used to develop the E-commerce application is the key to its success. The hardware and software must be selected in such a way that they can fulfill the needs of the E-commerce application. The following figure shows the components involved in E-commerce infrastructure. Enterprise resource planning (ERP) is a cross-functional enterprise system driven by an integrated suite of software modules that supports the basic internal business processes of a company. ERP gives a company an integrated real-time view of its core business processes such as production, order processing, and inventory management, tied together by ERP applications software and a common database maintained by a database management systems. ERP systems track business resources (such as cash, raw materials, and production capacity) and the status of commitments made by the business (such as customer orders, purchase orders, and employee payroll), no matter which department (manufacturing, purchasing,...
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