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Flashcards in Info & Comm: Internet Deck (14):
1

Electronic Commerce

Completion of exchange buying and selling transactions

2

Electronic Business

use of info technology, particularly networking and communications technology, to perform usiness processes in an electronic form

3

Electronic Data Interchange

A computer- to computer exchange of business transaction documents

4

E-Cash

Ex. Paypal - remains private but can easily pay cash

5

E-commerce & EDI

E-Commerce is less expensive than EDI

6

EDI Communications

Direct links, through communication intermediaries
Value added networks or over the internet

7

Costs of EDI

1) Legal Costs
-contracts with trading contracts and service providers
2) Hardware Costs - Communication Equipment
3) Costs of Translation Software
4) Costs of Data Transmission

8

EDI Risks

The greatest risk in an organization use of EDI is unauthorized access to the organization's systems

9

Challenges faced In BPR

1) tradition
2) Resistance
3) Time and cost requirments
4) lack of management support
5) Skepticism
6) Restraining
7) Controls

10

Business to Business

a) B2b Ecommerce
b) Electronic Market
c) Direct Market

11

Importance of B2B

1) Speed
2) Timing
3) Personalization
4) Security
5) Reliability

12

Supply Chain Management Setup

concerned with four important characteristics for every sale: what, when and where the goods were delivered and how much the goods cost.

13

ERP Functions

1) Enter once, used by all
2) acts as the framework for integrating
3) vital cross-functional information to assist in the decision making process

14

SCM Objectives

1) Achieve flexibility and responsiveness
a) Planning
b)m Sourcing
c) Making
d) Delivery