Internet and web-based electronic commerce is more affordable then traditional EDI. Web Based e-commerce allows more business partners to be reached. Cost of Purchase can be Covered.
Lower in Sales and Marketing costs. Medium and Small Business have more benefited. Product cycle time can be reduced by allowing engineers and production terms to electronically share design. Specification for initial approval and refinement processes.
Customer Service can be enhanced using Internet electronic commerce by helping the customer to access information regularly.
Convenience and Produced processing costs result for both the buyer and seller. Convienience from shopping at home or Office.
Internet Electronic Commerce also offers customers the chance to customize many of the product or services offered by merchants.
Friday, June 8, 2007
Wednesday, June 6, 2007
Third Party assurance of web based e-commerce
1. Security of data
The level of protection is provided is called data Security. The underlying security questions are:
a. How secure is the data maintained by this business?
b. How Secure is personal or business entity data?
c. How secure is web site's data used by consumer or trading partner to make transaction decisions?
d. How secure is the data as it is transmitted to and from the business?
2. Business Policies
The Business policies of business refer to its stated practices. A Concern is whether a firm publicly lists its business policies in an easy to find place and understandable format.
Some of the more common business policies that business share with trading partners are:
a. Billing and payment policies.
b. Shipping Policy
c. Return Policy
d. Tax Collection Policy
e. Additional Policy information
3. Transaction Processing Integrity
Transaction processing integrity refers to the precision with which transactions are processed according to agreed upon methods. Some underlying transaction processing integrity issues are:
a. What is in place at the company to ensure that transaction are handled as disclosed?
b. How does the company ensure that it does not "lose" Orders placed?
c. How does the company ensure that if accurately process bills and account information?
d. What controls exist to ensure that the company accurately posts payments in a timely fashion?
e. Does the Company have controls in place to ensure that it ships the right inventory items and quantities?
3. Payment of Data
The privacy of data refers to the confidentiality of data collected by business about their customers. The main underlying issues are:
a. What is the privacy policy of the business?
b. What information does the business keep?
c. How will any information collected be used by the business?
d. Can the customer verify data and change or delete it?
The level of protection is provided is called data Security. The underlying security questions are:
a. How secure is the data maintained by this business?
b. How Secure is personal or business entity data?
c. How secure is web site's data used by consumer or trading partner to make transaction decisions?
d. How secure is the data as it is transmitted to and from the business?
2. Business Policies
The Business policies of business refer to its stated practices. A Concern is whether a firm publicly lists its business policies in an easy to find place and understandable format.
Some of the more common business policies that business share with trading partners are:
a. Billing and payment policies.
b. Shipping Policy
c. Return Policy
d. Tax Collection Policy
e. Additional Policy information
3. Transaction Processing Integrity
Transaction processing integrity refers to the precision with which transactions are processed according to agreed upon methods. Some underlying transaction processing integrity issues are:
a. What is in place at the company to ensure that transaction are handled as disclosed?
b. How does the company ensure that it does not "lose" Orders placed?
c. How does the company ensure that if accurately process bills and account information?
d. What controls exist to ensure that the company accurately posts payments in a timely fashion?
e. Does the Company have controls in place to ensure that it ships the right inventory items and quantities?
3. Payment of Data
The privacy of data refers to the confidentiality of data collected by business about their customers. The main underlying issues are:
a. What is the privacy policy of the business?
b. What information does the business keep?
c. How will any information collected be used by the business?
d. Can the customer verify data and change or delete it?
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