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Here is the advantages of e-commerce
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E-Commerce advantages can be broadly classified in three major categories −
Advantages to Organizations Advantages to Consumers Advantages to Society
Using e-commerce, organizations can expand their market to national and international markets with minimum capital investment. An organization can easily locate more customers, best suppliers, and suitable business partners across the globe.
E-commerce helps organizations to reduce the cost to create process, distribute, retrieve and manage the paper based information by digitizing the information. E-commerce improves the brand image of the company. E-commerce helps organization to provide better customer services. E-commerce helps to simplify the business processes and makes them faster and efficient. E-commerce reduces the paper work. E-commerce increases the productivity of organizations. It supports "pull" type supply management. In "pull" type supply management, a business process starts when a request comes from a customer and it uses just-in-time manufacturing way.
It provides 24x7 support. Customers can enquire about a product or service and place orders anytime, anywhere from any location. E-commerce application provides users with more options and quicker delivery of products. E-commerce application provides users with more options to compare and select the cheaper and better options. A customer can put review comments about a product and can see what others are buying, or see the review comments of other customers before making a final purchase. E-commerce provides options of virtual auctions. It provides readily available information. A customer can see the relevant detailed information within seconds, rather than waiting for days or weeks. E-Commerce increases the competition among organizations and as a result, organizations provides substantial discounts to customers.
Customers need not travel to shop a product, thus less traffic on road and low air pollution. E-commerce helps in reducing the cost of products, so less affluent people can also afford the products. E-commerce has enabled rural areas to access services and products, which are otherwise not available to them.
