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E-commerce - Overview - E-Commerce Key Components

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E-Commerce Key Components

Six key components of E-commerce

1. Placement

This component is vital to any E-commerce business. It focuses on the business being highly visible and easy to access (McGrawHill, 2002:73).

2. Merchandise and audience size

This component focuses on ensuring that product lines are kept in stock and that delivery is on time (McGrawHill, 2002:103). The audience size of the e-business marketplace, spans across all geographical boundaries. It is important to create capabilities that facilitate global commerce (McGrawHill, 2002:99)

3. Presentation

This focuses on two key context dimensions: function and aesthetics. Businesses can employ presentation that is predominantly focused on one or the other in its presentation. At times, the two contexts are combined (McGraw-Hill, 2002:132).

4. Payment

The marketplace capability integrates with other applications for financial and payment processing. Applications include the ability to purchase using a credit card and require integration to provide supplier invoice information to the buyer and to indicate invoice payment status (McGraw-Hill, 2002:89).

5. Security

This component must be given particular attention by e-businesses as it is an ongoing concern for consumers. E-businesses must instill trust in its users by ensuring the security of all transactions and this can be achieved through many methods such as encryption and authentication (McGrawHill, 2002:181).

6. Fulfillment

Once the online purchase order has been generated, the marketplace can allow buyers and sellers to manage the fulfillment process. The fulfillment process must be enabled to ensure delivery (McGraw-Hill, 2002:89)


See Also:

Contributors to this page include:


SophieUhlhorn 10:55, 2 Sep 2005 (EST)

Anna Caldwell 14:24, 5 Sep 2005 (EST)

Yun Tze Pien 14:31, 5 Sep 2005 (EST)

Yipshinyi 14:39, 8 Sep 2005 (EST)

Sze Chit NG 15:35, 8 Oct 2005 (EST)

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