322 - Gursewak Ghumman - Assignment 9
322 - Gursewak Ghumman - Assignment 9
Electronic Commerce
Electronic commerce involves the broad range of tools and techniques used to
conduct business in a paperless environment. Hence it comprises electronic
data interchange, e-mail, electronic fund transfers, electronic publishing, image
processing, electronic bulletin boards, shared databases and magnetic/optical
data capture.
Electronic commerce helps enterprises to automate the process of transferring
records, documents, data and information electronically between suppliers and
customers, thus making the communication process a lot easier, cheaper and
less time consuming.
Barcode Scanning
Data Warehouse
The ERP system has now become the base of many IT infrastructures. Some of
the ERP tools are Baan, SAP, PeopleSoft. ERP system has now become the
processing tool of many companies. They grab the data and minimize the
manual activities and tasks related to processing financial, inventory and
customer order information.
ERP system holds a high level of integration that is achieved through the
proper application of a single data model, improving mutual understanding of
what the shared data represents and constructing a set of rules for accessing
data.
With the advancement of technology, we can say that world is shrinking day by
day. Similarly, customers' expectations are increasing. Also companies are
being more prone to uncertain environment. In this running market, a company
can only sustain if it accepts the fact that their conventional supply chain
integration needs to be expanded beyond their peripheries.