E-Commerce and EDI(Div a)Final

8/8/2019 E-Commerce and EDI(Div a)Final

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E-C OMMERCE AND

EDI


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Group 3 Div A

y Ramniwas Baheti 07y Natasha Daniel 09y Heena Maheshwari 32y Yashaswee Mane 35y Priyanka Nikarge 44y Sushmita Roy 52


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E-Commerce

Evolution of E-Commerce

Types of E-Commerce

Types of E-Money

EDI

How does EDI work

Benefits of EDI

Topics Covered


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The term Electronic Commerce was coined in

the early 1990s when Internet becamecommercialized and users began flocking to

participate in the World Wide Web.


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y Commonly known as (electronic marketing)

e-commerce or eCommerce

y Consists of the buying and selling of

products, services over electronic systems

such as the Internet and other computer

networks.

y Enables users to electronically communicate,

collaborate, and discover information.

What is E Commerce


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Applic at ions Rel at ed to

E Commercey O nline banking

y O nline office suites

y Domestic and

international payment

systems

y Shopping cart software

y Teleconferencing

y Email

y Electronic tickets

y Instant messaging

y Newsgroups

y O nline shopping andorder tracking


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Evolu t ion of E-Commerce


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y In the last few decades, powerful personal computers linked to

global information networks powered a whole new world of

intellectual, social and financial interactions. This marked the

beginning of E-Commerce.

y In the early 1970s with Electronic Funds Transfer (EFT), which

refers to the computer-based systems used to perform financial

transactions electronically.

Evolu t ion of E Commerce


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y Electronic Data Interchange (EDI) was then developed in the late

1970s to improve the limitation of EFT.

y From the 1990s onwards, electronic commerce included

Enterprise Resource Planning Systems (ERP), data mining and

data warehousing.

y Since 1995, many innovative applications, ranging from direct

online sales to e-learning experiences were developed. Almost

every organization in the world had a Web site.


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y In 1999, the emphasis of e-commerce shifted from B2C to

B2B.

y In 2001, from B2B to B2E, e-government, e-learning, and

m-commerce.

y In 2005, social networks started to rise and so did l-

commerce and wireless applications.


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Types of E-Commerce


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Types of E-Commerce

1. Business-to-business (B2B): Companies doing

business with each other such as manufacturers selling

to distributors and wholesalers selling to retailers.

2. Business-to-consumer (B2C) : Businesses selling to

the general public typically through catalogs utilizing

shopping cart software.


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3 . Consumer-to-Business (C2B) : A consumer posts

his project with a set budget online and within hourscompanies review the consumer's requirements and bid

on the project. The consumer reviews the bids and

selects the company that will complete the project .

4. Consumer-to-Consumer (C2C): There are many

sites offering free classifieds, auctions, and forums

where individuals can buy and sell thanks to onlinepayment systems where people can send and receive

money online with ease. Eg- e-BAY.


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5 .Business to Employee (C2E) / Intra-business: This

form of e-commerce is more commonly known as an intranet.

An intranet is a web site developed to provide employees of

an organisation with information.

6. Business using digital middleman: The digital

middleman could be a company that creates a virtual

community or portal on the internet and then gathers several

companies together into this community.


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7 . M-Commerce : MobileCommerce refers to any

transaction, involving the transfer

of ownership or rights to use

goods and services, which is

initiated or completed by usingmobile access to computer-

mediated networks with the help

of an electronic device.


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E-Mone y


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E-Money can simply transfer payments from their

own bank accounts without need of another person,

middlemen to the account of the merchant,

electronically and securely over the internet.

E-mone y


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Types of E-Mone y

E-Money

Identifiede-money

Anonymouse-money


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Types of E-Mone y Sys tem


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It is a structured transmission of data (business documents

like purchase order, invoice etc) ) between organizations.

Transfer of data is done by electronic means over a

secured network .

The formatted data representing the documents are

transmitted from originator to recipient via

telecommunications or physically transported on electronic

storage media .

Elec tronic D ata Interc ha nge


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Electronic data interchange paradigm incorporated in

EDI :

Da taDocument

Format Message Flow

Tr a nsmission

softwareused tointerpret thedocuments

INFORMA TION

H ow does EDI work


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A Typical EDI Message

H e ad er

Data Element2Data Element0 Data Element1

Data ElementnData Element3

Tr a iler


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Exa mple of h ow th e EDI processworks

Here is an example of how the electronic data interchange process works. Let's presume that a buyer issending a purchase order to the supplier.Buyer prepared purchase order in his purchasing system

The EDI translator will do compliance checking and translate the message into an EDI format.The EDI is then securely transmitted to the supplier by a communications connection (e.g. VAN, internetetc). The communication connection will ensure the EDI transactions are sent and received.The file is sent either directly to AS2 recipients, a mailbox, or FTP site.When the supplier's computer software received the EDI purchase order it will reformat the data andimported the data into an existing application's data files (e.g. O rder Entry module could be one of the EDIinput).O nce order received, the software will generates an acknowledgement back to the buyer.


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EDI S ta nd a rdsTw o m aj or st a n da r d s a re follo w e d:

ANSI X12 :

y For EDI, the ANSI(American National Standards Institute) has

developed ANSI X12 (Accreditted Standards Committee X12)

y It also define how individual pieces of information should be

represented.

EDIFAC T:y It is an international standard equivalent to ANSI.

y EDIFACT stands for EDI for Administration, Commerce and

Transport, is predominately used in Europe .


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B enefi ts of EDI


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B enefi ts of EDI

y Lowering O perating Cost

y Reduced Error and

Increases BusinessInformation Accuracy

y Increase Productivity

y

Increase Data Securityand Control

y Improve Inventory Control

y Improves cash-flow

management

y

Enable automaticprocessing of documents

y Faster Trading Cycle

y

Improve CorporateTrading Relationship

y Creates a competitive

advantage


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y EDI - Electronic Data Interchange : exchange of business

information between computer systems in a structured

predetermined format over a secured network.

y ANSI - American National Standards Institute : the

governing body for EDI standards in United States.

y EDIFAC T - EDI for Administration, Commerce and Trade :

is another international standard equivalent to ANSI. This

is a set of international standards developed by the United

Nations.

Commonly Use d Terms for E DI


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y Tr a ns a ction set- Invoice, purchase order, or some other

complete document that includes at least a minimum

amount of prescribed information.

y VAN - Value-added network : A communications network

that includes an EDI mailbox.

y Tr a nsl a tion Soft wa re - used to translate the EDI

transaction from a format that can be used in your

business application and reversely translate your business

application format to an EDI transaction.


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E-Commerce and EDI(Div a)Final

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