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Electronic Commerce

When you think of Internet-based business, you probably think of businesses selling to

individual customers. It may surprise you to learn that business-to-business e-commerce is the

fastest growing area of e-commerce and outpaces consumer retailing by millions of dollars.

You may also be under the impression that e-commerce is dead because of all the bad publicity

about the dot-com bust in 2000 - 200. !ere"s the latest from the #.$. %ensus &ureau"s Web site

regarding the third 'uarter 200( e-commerce statistics)

*he %ensus &ureau of the +epartment of %ommerce announced today that the estimate

of #.$. retail e-commerce sales for the third 'uarter of 200(, adusted for seasonal

variation and holiday and trading-day differences, but not for price changes, was ./

billion, an increase of (. percent 1.3 from the second 'uarter of 200(. *otal retail

sales for the third 'uarter of 200( were estimated at 4/.5 billion, an increase of .(

percent 10.63 from the second 'uarter of 200(. *he third 'uarter 200( e-commerce

estimate increased 2.5 percent 16.03 from the third 'uarter of 2006 while total retail

sales increased /.2 percent 10.53 in the same period. 7-commerce sales in the third

'uarter accounted for .4 percent of total sales.

8n a not adusted basis, the estimate of #.$. retail e-commerce sales for the third 'uarter

of 200( totaled /.5 billion, an increase of 5.( percent 1.3 from the second 'uarter

of 200(. *he third 'uarter 200( e-commerce estimate increased 2.2 percent 16.03

from the third 'uarter of 2006 while total retail sales increased /.5 percent 10.53 in the

same period. 7-commerce sales in the third 'uarter of 200( accounted for .9 percent of

total sales.

Electronic commerce, commonly known as E-commerceor eCommerce, is trading in productsor services using computer networks, such as the Internet. 7lectronic commerce draws ontechnologies such as mobile commerce, electronic funds transfer,supply chain management,Internet marketing, online transaction processing, electronic data interchange7+I3, inventorymanagement systems,and automateddata collectionsystems. :odern electronic commercetypically uses the World Wide Webfor at least one part of the transaction"s life cycle, although itmay also use other technologies such as e-mail.

http://en.wikipedia.org/wiki/Mobile_commercehttp://en.wikipedia.org/wiki/Electronic_funds_transferhttp://en.wikipedia.org/wiki/Supply_chain_managementhttp://en.wikipedia.org/wiki/Supply_chain_managementhttp://en.wikipedia.org/wiki/Online_advertisinghttp://en.wikipedia.org/wiki/Online_transaction_processinghttp://en.wikipedia.org/wiki/Electronic_data_interchangehttp://en.wikipedia.org/wiki/Inventory_management_softwarehttp://en.wikipedia.org/wiki/Inventory_management_softwarehttp://en.wikipedia.org/wiki/Inventory_management_softwarehttp://en.wikipedia.org/wiki/Data_collectionhttp://en.wikipedia.org/wiki/Data_collectionhttp://en.wikipedia.org/wiki/World_Wide_Webhttp://en.wikipedia.org/wiki/Electronic_funds_transferhttp://en.wikipedia.org/wiki/Supply_chain_managementhttp://en.wikipedia.org/wiki/Online_advertisinghttp://en.wikipedia.org/wiki/Online_transaction_processinghttp://en.wikipedia.org/wiki/Electronic_data_interchangehttp://en.wikipedia.org/wiki/Inventory_management_softwarehttp://en.wikipedia.org/wiki/Inventory_management_softwarehttp://en.wikipedia.org/wiki/Data_collectionhttp://en.wikipedia.org/wiki/World_Wide_Webhttp://en.wikipedia.org/wiki/Mobile_commerce

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today"s business world. In order to remain competitive, businesses are e>pected, if not re'uired,

to make most, if not all, information available across all divisions and to the outside world.

Internet Technology and the Digital Firm

*he Internet has proved to be the perfect vehicle for the new information infrastructure re'uired

by the digital firm because of its open standards and structure. Bo other methodology or

technology has proven to work as well as the Internet for distributing information and bringing

people together. It"s cheap and relatively easy to use the Internet as the conduit for connecting

customers, suppliers, and employees of a firm. Cery few products have been created that allow

an organiAation to erase the lines between divisions and disseminate information to anyone and

everyone as the Internet.