E-commerce or electronic commerce can be defined as the buying and selling of goods and services on the Internet, especially the World Wide Web. For proper implementation of e-commerce it is of immense importance to have an e-commerce site where one can get involve with the buying and selling of goods and services. To be successful, E-commerce site should contain a shopping cart system and a payment processing system.
Timely delivery is one aspect that requires careful attention. In fact, timely delivery is one of the three main dimensions of competitiveness, the others being quality and cost. Timely delivery is also dependent, like quality and cost, on productivity, managerial effectiveness and infrastructural support. Delays have been part and parcel of the economic system for the ages, hindering the progress of an organization. Delays in delivery occur due to a variety of reasons. Delays in manufacturing, shipping delays and delays in transporting the manufactured products to the ports upset the delivery schedules. E-commerce is the one way which can minimize these delays.
For e-commerce fulfillment, the use of high-class communication technologies is vital. If companies have to achieve global industrial competitiveness, in the first place it is essential for them to bridge the technology gap in industrial production. The companies should produce what the overseas markets need and produce them to their technological specifications and standards. Upgrading technology is also the durable route for price competitiveness and quality improvement. The companies have to do their bit by opting for the latest technology, adapting it, working out technology tie-ups and by committing higher investment for technology upgradation. Even in the post-liberalization era, technology upgradation has been the missing ingredient. But thanks to its all-time availability, global reach, and interaction and information delivery capabilities, the Internet is rapidly becoming a multi-billion dollar source of revenue for business across the globe.