Most Common Benefits / Advantages of E-Commerce

E-commerce is the most buzz word now. There are a large number of benefits of e-commerce and for this reason, it is becoming more popular day by day. The advantages of E-commerce can be summarized as follows:

Advantages of E-Commerce

Benefits

Reasons

Reduced transaction costs Elimination of paperwork and labor saving
Improved cash flow Faster processing and exchange of information
Reduced inventory levels Shorter order cycle; reduced ordering costs
Higher information quality Increased accuracy and accessibility of information
Increased operational efficiency Improved internal operations owing to time and cost reduction and better information management.
Better customer service Shorter lead times, more timely information about transaction status
Increased ability to compete Increased ability to reach new markets, and to provide better service at low cost
Improved trading partner relationships Enhanced trust through increased sharing of information, increased ability to participate in just-in-time program

 

Advantages of E-commerce

Advantages of E-Commerce

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