What is eBusiness?

November 19, 2008 18:04 by SamRomeo
 
Long cold road

Image by Emmanuele Contini via Flickr

Introduction

eBusiness is a term used to describe businesses run on the Internet, or utilizing Internet technologies to improve the productivity or profitability of a business.  eBusiness is also an affordable option for your business.  eBusiness is changing the way we do business, at every stage of the value chain (traditionally manufacturing firms would utilise and focus on the supply chain, however eBusiness is no longer the realm of Manufacturers it is available and affordable for most businesses).  eBusiness is about using the power of new technologies in your market and  re-engineering your business so as to implement your long held vision, and implementing it quickly enough to minimize any loss of market share to your competitors, or fast enough to take the opportunity to aggressively grow and expand your market share. 

Management

Overview_esThere are varied eBusinessERP modules that assist Management with Supply chain purchasing and order management, finance payables and receivables, workflow and system administration.  The main feature that management seeks is the full  integration of these modules and software components so as to automate all areas of business management, including; CRM, accounting and finance, project accounting, distribution, manufacturing, and human resources. These tools expose to management mission critical aspects such as;  corporate performance management  business intelligence, enterprise planning and balanced scorecard.  Forward–thinking, executives wanting transform under-performing and young companies to be economically viable businesses, utilising operational excellence know the benefit of implementing,  cost optimisation, automation,organizational development and transformation, lean methodologies, project management and process & performance improvements. 

One area that Management has not been actively involved with is Content Management System (CMS). eBusinessERP use a content management system (CMS) so as to provide a framework to deliver dynamic content generation in a time efficient and cost effective manner. Web sites and intranets are becoming a key part in the promotion of any business.

 

ERP in eBusiness environment

How Does ERP come into the eBusiness environment? Essentially ERP’s integrate fragmented business operations.  The online market for buying and selling goods using the available eBusiness tools such as the Web-store or an ERP to ERP using EDI connection (Electronic Data Interchange) is growing at an unbelievable pace. This trend seems to be a leveller between Large Fortune 500 Companies and SME (small to medium enterprises), providing always that these solutions are affordable and easily implemented. Custom Solutions are out of reach of most SME’s that is why it is critical to find a sound Platform to build on and provide the critical services needed to build applications that connect any business process within an enterprise such as CRM, and eBusinessERP’s.

Technology iStock_000005797503XSmall

Technology should ensure the success of your business, not be a distraction.  Often we get caught up in what's hot, and what's not.  Technology should be used to help business improve  productivity.  Technology critical to an enterprise can include; Content management, portals, collaborative environments, personalization, e-commerce, Customer Relationship Management and Enterprise Resource Planning.

eBusiness

eBusiness can include any interaction between an online system and the company business processes and goes beyond buying and selling on the Internet. eBusiness is essential to helping companies provide better products and more responsive services in the most efficient manner possible. With suppliers, distributors and other partners, increasing  their efficiencies this guarantees your ability to influence your customers so they feel comfortable to deal with your enterprise  and purchase from you anywhere in the world.   eBusiness is the solution for companies who wish to expand their businesses into the 21st century. 


eBusiness is a new way of doing business and its reflected in the way we communicate, respond and think.  This phenomenon is fuelled by many new and exciting online applications and integrated systems.

Internet the Business Revolution

The Internet is ushering in a fundamental revolution in the way we live.  Internet is today's business tool which companies can only ignore at their own peril.  Internet technologies are ever changing so the way to gain long lasting value is to build open scalable applications.

eBusiness is a key driver in national, international and global development.  eBusiness is much more than eCommerce – buying and selling on-line.  eBusiness is: As stated by (Sawhney & Zabin 2001)  'The use of electronic networks and associated technologies to enable, improve, enhance, transform or invent a business process or business system to create superior value for current or potential customers'

Conclusion

eBusiness is a very broad term and is becoming the most essential tool used for automation of information systems, improving your business competitiveness in these uncertain times.

Sam Romeo

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