Role of Electronic-Commerce in Industrial Management

Abstract

     Electronic commerce, commonly known as E-Commerce, E-commerce has become increasingly important source of competitive advantage for business to business . The aspects of speed and connectivity of Internet technology have changed the nature of conducting business. Because e-commerce affects SCM, information visibility is achieved through connectivity among trading partners, therefore, supply chain can be better managed. Integrating e-commerce into the existing supply chain is not only necessary for attaining companies competitive advantages, but also for companies survival in the globally competitive environment. that permitted actual online shopping including bidding and auctioning. Overall speaking, incorporating e-commerce into supply chain process could achieve the following advantages: reducing purchasing cycle time, cutting transaction cost, decreasing purchasing cost through the more competitive electronic marketplaces, enhancing the collaborations among suppliers and buyers through collaborative software, lowering inventory, fulfilling customers demand faster, and boosting market access.