E-Commerce: How different is it?

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E-commerce has been around for sufficient amount of time now and made its impact felt in the arena of international trade, import/export and global sourcing. Still if there are some of you around who aren't familiar or comfortable with the term or the technology behind it, this article is just the right choice for you to read and dispel your ignorance for ever and ever.

It was stated nearly a decade ago that the main concept of e-commerce is not about bolting technology to business, rather utilizing technology to carry out processes related to trade which includes international trade, import/export and global sourcing in a slightly different manner, as compared to traditional methods of the same.

E-commerce most covers activities related to trade including international trade, import/export and global sourcing across networks using information technology. So basically it changes both the cultural and operational aspects of carrying out domestic trade, international trade, import/export and global sourcing. Although the end results of carrying out these activities related to domestic and international trade, import/export and global sourcing still remain the same, namely to earn profits by making sure that output exceeds the input. Of course one might be tempted to say that output can never exceed the input in scientific terms and this is very true also. But when we talk in business terms we measure input in terms of tangible things such as raw material etc but intangible things like mental work, planning etc are not included hence the equation does not satisfy the normal physics laws.

However let's get back from the technical aspect of the equation of input and output and concentrate more on the differences of traditional and e-commerce business activities which include international trade, import/export and global sourcing. Let us take a simple example that in the traditional business be it domestic or international trade, import/export or global sourcing, the role of the travel agent is very important. But in the electronic world of e-commerce, all the roles played by the traditional travel agent can be carried out by the individual using websites and so forth. If one wants to travel for the purpose of international trade, import/export or global sourcing, he/she can do most of the task on their own such as booking tickets using websites meant for the purpose.

Thus we see that e-commerce and related technologies are changing the face of international trade, import/export and global sourcing and making these hitherto difficult activities within the reach of all and sundry.

Article Source: http://depositarticles.com/

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