Tables and Pictures 1. Number of Web-user in Europe 2. Sales and turnover in online-business in Germany 3.
At a time when business-to-business B2B e-commerce represents approximately 25 percent of the global manufacturing trade, companies are increasingly choosing to only complete business transactions with companies working with an e-commerce system.
As I outlined in an earlier blog, 4 Steps to Overcome Gaps in Manufacturing Innovationmanufacturers that embrace new technologies can operate far more efficiently. When it comes to utilizing an e-commerce supply chain, the benefits far outweigh any disadvantages.
Reliable, well-timed data is the important first step to succeeding in e-commerce. Your manufacturing business will be able to obtain data from across the supply chain, including: Your internal ERM system, which tracks inventory logistics Your internal management system Data from various vendors e.
First, you will need to convert that data into a standardized benchmark. Using this data, you will be able to create a solo, comprehensive, wall-to-wall view of the B2B transaction, and complete the analytics needed to make suggestions regarding potential supply chain options, such as distribution and fulfillment.
Finally, you will have the ability to disclose the actual cost and actual delivery date to your customer before they even place an order. If this all sounds good, there are many additional benefits, including: You will have the ability to take a step back and evaluate how your supply chain logistics are doing.
Are your current costs too high? What do your current costs include? Are you getting the best bang for your buck from your current shipping carrier? Are they getting shipments to customers when expected? What is the average amount of time from the moment an order is placed to the time the customer receives the order?
Are your suppliers getting you the goods that were ordered when expected? Are you paying the right price for those goods?
Once you have converted the various data into a standardized benchmark, you can then find various areas for substantial cost savings and determine the best areas for improvements of costs and service. Your customers will appreciate and enjoy that you have the ability to disclose the actual cost and actual delivery date before they ever place an order.
When the proper systems are put in place and the data analytics are processed accurately, your customer will be pleased with the accurate information they will have available before placing an order.
Most important, you will be able to achieve increased sales and decreased costs by analyzing their supply chain logistics. Further, the e-commerce capital investment can be offset with the depreciation expense deduction on their corporate tax return. These factors could potentially result in a healthy increase in after-tax cash flows in the long-term.
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Comments are closed, but you can leave a trackback: Additional Skoda Minotti Advisory Blogs.E-commerce retail has become the fastest growing trade sector and has outpaced every other trade and manufacturing sector since , when the U.S. Census Bureau started collecting and publishing data on e-commerce.
That year, e-commerce retail sales represented less than 1 percent of total U.S. retail sales. The Effect of E-Commerence on Supply Chain Management and Marketing in the Fashion Industry Words Jan 18th, 13 Pages ‘Electronic commerce and the Internet are fundamentally changing the nature of supply chains, and redefining how consumers learn about, select, purchase, and use products and services’ (Sreenivas, ).
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3 But with me it is a very small thing that I should be judged of you, or of man's judgment: yea, I judge not mine own self.
4 For I. The impact of E-Commerce on Supply Chain Management - Dipl.-Betriebswirt (FH) Christian Nicke - Essay - Business economics - Supply, Production, Logistics - Publish your bachelor's or master's thesis, dissertation, term paper or essayPages: Education Index The Effect of E-Commerence on Supply Chain Management and Marketing in the Fashion Industry.
The Effect of E-Commerence on Supply Chain Management and Marketing in the Fashion Industry words 13 pages. Show More ‘Electronic commerce and the Internet are fundamentally changing the nature of supply chains, and redefining how. **** Globalisation E-commerence BACK TO HOME PAGE Globalization Globalization (or globalisation) is a modern term used to describe the changes in societies and the world economy that result from dramatically increased international trade and cultural exchange.
It describes the increase of trade and investing due to the falling of barriers and the .