E-commerce is the most buzzword now. There are a large number of benefits of e-commerce and for this reason, it is becoming more popular day by day. The advantages of E-commerce can be summarized as follows:
Advantages of E-Commerce
Reduced transaction costs: Elimination of paperwork and labor-saving
Improved cash flow: Faster processing and exchange of information
Reduced inventory levels: Shorter order cycle; reduced ordering costs
Higher information quality: Increased accuracy and accessibility of information
Increased operational efficiency: Improved internal operations owing to time and cost reduction and better information management.
Better customer service: Shorter lead times, more timely information about transaction status
Increased ability to compete: Increased ability to reach new markets, and to provide better service at a low cost.
Improved trading partner relationships: Enhanced trust through increased sharing of information, and increased ability to participate in the just-in-time program.
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