Understanding e-commerce, advantages and disadvantages
Online shopping In a world of rapid technological advancements, e-commerce has gained center stage as the go-to for most people who want to venture into any business portfolio.
From real estate to food stores, to automobile services, to fashion stores and a host of other products and services that pertain to the needs of consumers.
What is e-commerce?
Also known as electronic commerce or internet commerce, e-commerce is the buying and selling of goods or services via the internet, and the transfer of money and data to complete the sales.
It is powered by the internet, and access to customers to surf through and place orders for products or services on their own electronic devices.
Various platforms including, websites and social media platforms are used for e-commerce.
According to thefuturecommerce.com, these are the processes that go on into the placing of an order on a website.
As the order is placed, the customer’s web browser will communicate back and forth with the server hosting the online store website.
Data pertaining to the order will then be relayed to a central computer known as the order manager — then forwarded to databases that manage inventory levels, a merchant system that manages payment information (using applications such as PayPal), and a bank computer — before circling back to the order manager.This is to make sure that store inventory and customer funds are sufficient for the order to be processed. After the order is validated, the order manager will notify the store’s web server, which will then display a message notifying the customer that their order has been successfully processed.The order manager will then send order data to the warehouse or fulfillment department, in order for the product or service to be successfully dispatched to the customer.At this point tangible and/or digital products may be shipped to a customer, […]
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