E-Commerce In Different Sectors
It has improved services, reduce costs, open new channels and transform the competitive landscape. The following are the some of the applications of e-commerce in different sectors.
Ordering journals electronically
Universities and many other organizations order periodicals for their libraries constantly. New periodicals appear every day, people change their preferences, and the librarians are busy. A university will contact an agent to place the orders. The agent, who is in contact with hundreds of publishers, consolidates orders from several universities and then places orders with the publishers. This process is both slow and expensive for the library, which pays commission and loses discount and that the publisher passes on to the agent. It enables a university to submit electronically its encrypted orders and a secure payment
authorization to a central computer by EDI. The programs verifies the order and the authorization, transfers the order by EDI to the publishers, and the payment authorization to the automated clearing house for EFT from the buyers bank to the sellers bank.
Broker-base services In a broker-based service, brokers work as intermediaries between buyers and sellers. The buyers can be individuals or organizations. Some of the most notable services are travel agencies, job placement agencies, real estate agencies, insurance agencies, and stock market brokerages. Agents basically make the markets. Some of the markets, such as stocks and travel, may be non-negotiated prices, but a variety of prices exist. Brokers provide many services. For example, travel agents are information brokers that pass information from product suppliers to customers. They also take and process orders, collect money, provide travel assistance, and assist with insurance, possibly providing health and safety suggestions.
Travel and tourism services The travel industry is expanding rapidly around the globe. The Internet is an ideal place to plan, explore, and arrange almost any trip. The home page of a virtual travel agency, such as Expedia, tells you about some of the services available. Some of the services are customized per the consumer’s request.