What are E-commerce Solutions?
Ecommerce (also known as e-commerce or electronic commerce) is the purchasing or selling of products or services. Usually, the money transfer takes place online using electronic communications over the Internet or intranet.
Different types of e-commerce solutions are given below:
Business-to-business (B2B) e-commerce: B2B is defined as exchanging of structured messages with other business partners over intra networks or the public Internet to create and transform business relationships. B2B e-commerce is associated with companies buying from and selling to each other online. It may include supply chain management and marketing management. The advantage of using B2B e-commerce solutions often result in improving the profitability of the Company through better product management, marketing management, supply chain management, and inventory mangement.
Business-to-consumer (B2C) e-commerce: B2C refers to on-line sales, trading, and auctions. Examples are online book shops, on-line stock trading websites and, on-line auction sites. B2C e-commerce refers to the emerging commerce model where businesses and consumers interact digitally for purchase, sale, or support. One of the best examples of B2C e-commerce is Amazon.com; an online bookstore. With the recognition of ecommerce by various countries, and establishment of standards for conducting ecommenrce business, more and more people are turning to ecommerce for their routine purchases.
Consumer-to-business (C2B) e-commerce: Consumer-to-business (C2B) describes a system where consumers use an online agent to look for a product or service that suits their needs. Priceline.com, shopbot.com are a couple of examples of the C2B model.
Consumer-to-consumer (C2C) e-commerce:Consumer-to-consumer (C2C) businesses act as agents between consumers with goods and services to sell. Online auction site eBay, Yahoo! Auctions are a couple of examples of C2C websites.
Peer-to-peer (P2P): P2P businesses transact exchanges of information (such as files or dollar amounts) between PCs or hand-held computing devices. Napster, Paypal, Propay are some of the examples of P2P websites.
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