ICT in business
ICT in various business functions.
1) Accounting 2) Human resource 3) Production 4) Marketing and sales 5) Supply chain management 6) Business communication
Marketing & sales with IT
1) E- marketing 2) Social commerce 3) Data warehouse and mining
E-marketplace has two ends,what are they?
1) Front end 2) Back end
What are the types of business models?
1) Pure brick (brick & mortar) 2) Brick and click (click and mortar) 3) Pure brick
What are the new business methods in digital economy?
1) Reverse auctions 2) Group purchasing 3) E- marketplace
E- business
1) Shipping 2) Marketing 3) Global trading 4) Drop shipping
Accounting & IT
Accounting software packages to help produce statutory accounts and reports for bankers and management, as well as to help with the day to day controls and it's finances. Eg; Fresh books, quick books
Digital economy
An economy that is based on digital technologies, including digital communication networks, computers, software, and other related information technologies; also called the Internet economy, the new economy, or the Web economy. Eg; Ariba, hedgehog, sorcity, dubli.
Benefits and drawbacks of DE
Benefits 1) Reduces the cost of the products. 2) Saves time for both parties. 3) Sellers are required to disclose their prices to each other. 4) May have multiple rounds of bidding. Drawbacks 1) Lowest bid may not have the best product. 2) Goods may not be at the expected quality.
Brick and click (click and mortar)
Business model by which a company integrates both offline and online presences.
Pure brick (brick & mortar)
Business model by which a company runs the business only in offline mode.
Types of e-business transactions
Business to business (B2B) Business to consumer (B2C) Consumer to consumer (C2C) Consumer to business (C2B) Business to employee (B2E) Government to citizen (G2C)
E-commerce
Buying and selling using an electronica medium. 1) Accepting credit and payments over the net. 2) Banking transactions using the Internet. 3) Selling commodities or information using the World Wide Web.
Pure brick
Companies with a virtual presence or present on the internet only. Eg; Shopify, ebay, amazon
Human resource & IT
Focuses on recruitment, training, and creating a healthy environment for staff in order to archive organizational goals . Eg; Breezy
What are the needed features for front end and back end?
Front end 1) Sellers portal 2) E-catalog 3) Shopping cart 4) Search engine 5) Payment gateway Back end 1) Inventory management 2) Purchases from supplier 3) Payment processing 4) Packaging 5) Delivery
Business communication & IT
Gives companies the resources it needs to communicate quickly and effectively. Eg; Zoom, basecamp, jostle
Group purchasing
Multiple buyers combine their orders so that they constitute a large volume and therefore attract more seller attention. Eg; Groupon, drop
Business to business (B2B)
Purchases and sales between two companies is called B2B. Industry consortia products purchased for the use of the business makes the end user an industrial user. E-distributor E-procurement Exchanges
Reverse auction
Reverses the role of seller and buyer which means instead of buyers,sellers bid prices for items.
Supply chain management
The process of effectively managing the components of an extended value chain from suppliers, through manufacturing and distribution chain to the end consumer.
Production & IT
Uses machines and robots for manufacturing
E-marketplace
Where buyers and sellers meet virtually. Eg; Amazon, ebay, daraz, ali express
