eWallet:- An electronic wallet, also called a digital wallet, is a piece of software that allows a user to make an electronic payment with a financial instrument. An eWallet serves many purposes: It provides security and encryption for the user’s personal information and for the actual transaction. It keeps a database of user-inputted information (shipping … Read more
The value chain is a way of organizing the activities of a business so that each activity adds value or productivity to the total operation of the business. In 1985, Porter introduced the term value chain in his book. In this book, he introduced value chain as a strategic tool to identify how the critical … Read more
Every business is part of a value chain, with suppliers on the buy side, and customers on the sell side. Cost-saving methods usually focus on the buy side of the value chain and on improving the productivity of systems and processes that interact with suppliers. Revenue-enhancing be befits usually focus on the sell side of … Read more
A supply chain is the system of organizations, people, activities, information, and resource involved in moving a product or service from supplier to customer. Supply chain activities transform raw material and components into a finished product that is delivered the end customer. A supply chain is a global network of organizations that cooperate to improve … Read more
The Porter’s value chain model was developed by Michael Porter in 1985 to depict how customer value accumulates along a chain of activities that lead to an end product or service. The value chain model serves as a basic tool for diagnosing competitive advantage and finding ways to enhance. It identifies technologically and economically distinct … Read more
Industry Value Chains The industry value chains are composed of all the value-creating activities within the industry ending with the completed product delivered to the customer. The value chain of an industry starts with the raw material manufacturer and finishes with the delivery of the final product to the customer. The key to analyzing the … Read more
Computer security is the protection of assets from unauthorized access, use, alteration, or destruction. Computer security is generally classified into three categories:- Secrecy \ confidentiality Integrity Necessity Secrecy \ confidentiality Secrecy refers to protecting against unauthorized data disclosure and ensuring the authenticity of the data’s source. The main objective of computer security is to … Read more
Inter-organizational Transaction e-commerce refers to the full spectrum of e-commerce that can occur between two organizations. It is the e-commerce between businesses i.e. the businesses focus on selling to other businesses in the B2B e-commerce. Companies are now mutually buying and selling products and services on the internet. The term was coined and first employed by … Read more
EDI standards implemented:- Before using EDI, the trading partners must set up a trade agreement that will define all the parameters of EDI. Each partner in an EDI trade agreement must independently determine a method to translate internal data to and from EDI formatted messages. Each partner must agree on the communications media and arrange … Read more
Information society refers to a society in which the creation, distribution, and manipulation of information have become the most significant economic and cultural activity. It is a society characterized by rapid growth in the use of information- a society in which quality of life and economic development depends largely on information and its exploitation, the … Read more