Latest Trends in the Industry Part-2
So in this post I am going to continue the previous post
Electronic Commerce
E-commerce is a general term for electronic commerce or Internet commerce. The name is self-explanatory and it is where buyers and sellers meet on the Internet. This includes trading goods and services, transferring funds, and exchanging data. So logging into Amazon and buying a book is a classic example of an e-commerce transaction. Here, you interact with the seller (Amazon), exchange data in the form of images, text, shipping addresses, etc., and then make the payment.
Types of e-commerce models
e-commerce can be divided into four main categories. The basis for this simple classification is the parties involved in the transaction. So the four basic e-commerce models are:
1. Business to Business
These are business to business transactions. This is where businesses do business with each other. End users are not involved. Therefore, only manufacturers, wholesalers, retailers, etc. are involved in online transactions.
2. From businesses to consumers
From businesses to consumers. Here, businesses sell their goods and services directly to consumers. Consumers can browse your website to see products, photos, and reviews. They then place an order and the company ships the goods directly to them. Common examples are Amazon, Flipkart, Jabong, etc.
There are no companies involved. It helps you sell your personal goods and assets directly to your stakeholders. Commonly traded commodities are cars, bicycles, electronics, etc. OLX, Quikr, etc. follow this model.
4. Consumer to Business
This is the opposite of B2C, Consumer to Business. Consumers provide goods and services to companies. For example, consider an IT freelancer who does software demonstrations and sells them to companies. This will be a C2B transaction.
e-commerce can be divided into four main categories. The basis for this simple classification is the parties involved in the transaction. So the four basic e-commerce models are:
1. Business to Business
These are business to business transactions. This is where businesses do business with each other. End users are not involved. Therefore, only manufacturers, wholesalers, retailers, etc. are involved in online transactions.
2. From businesses to consumers
From businesses to consumers. Here, businesses sell their goods and services directly to consumers. Consumers can browse your website to see products, photos, and reviews. They then place an order and the company ships the goods directly to them. Common examples are Amazon, Flipkart, Jabong, etc.
There are no companies involved. It helps you sell your personal goods and assets directly to your stakeholders. Commonly traded commodities are cars, bicycles, electronics, etc. OLX, Quikr, etc. follow this model.
4. Consumer to Business
This is the opposite of B2C, Consumer to Business. Consumers provide goods and services to companies. For example, consider an IT freelancer who does software demonstrations and sells them to companies. This will be a C2B transaction.
Knowledge Process Outsourcing
Knowledge process outsourcing (KPO) means outsourcing information-related business tasks or knowledge-based processes such as research, analysis, consulting, or other advanced tasks. H. Performed by an employee of another company or assigned to a subsidiary of the same organization.
These subsidiaries may be located in different countries or different geographical locations. This is done to save resources and costs. A KPO company can make company decisions on behalf of its parent company. KPO is just a subset of Business Process Outsourcing (BPO).
Cost efficiency, access to the best talent, focus and efficient use of resources are the benefits of knowledge process outsourcing (KPO).
These subsidiaries may be located in different countries or different geographical locations. This is done to save resources and costs. A KPO company can make company decisions on behalf of its parent company. KPO is just a subset of Business Process Outsourcing (BPO).
Cost efficiency, access to the best talent, focus and efficient use of resources are the benefits of knowledge process outsourcing (KPO).
The company outsources to KPO for their skilled workforce and expertise, not to reduce their workload. It is also an opportunity to cut costs, as skilled and educated workers are much cheaper in developing countries like India.
KPO is like an umbrella, covering a wide range of activities. So there are different types of his KPOs such as market research, legal research, financial research, pharmaceutical and biotechnology, data analysis, creative design, and technical content creation. Service, especially in the engineering and scientific fields. It is now a $14 billion industry in India.
KPO is like an umbrella, covering a wide range of activities. So there are different types of his KPOs such as market research, legal research, financial research, pharmaceutical and biotechnology, data analysis, creative design, and technical content creation. Service, especially in the engineering and scientific fields. It is now a $14 billion industry in India.
Business Process Outsourcing
Business process outsourcing, commonly known as BPO, is a business strategy in which a company hires another company to perform a specific task, i.e. outsources a specific job.
A manufacturing company outsources its supply chain management to another company that specializes in supply chain management. This is essentially the outsourcing of one or more non-core activities or processes to an external service provider. So her two parties are involved: the customer company (outsourcer) and the external service provider or supplier (outsourcer). Enterprises will not let go of their core competencies and fully focus on their core competencies such as manufacturing, marketing, etc.
However, non-core services such as customer service, customer relationships, supply chain management and real-time accounting can be outsourced to BPO.
A manufacturing company outsources its supply chain management to another company that specializes in supply chain management. This is essentially the outsourcing of one or more non-core activities or processes to an external service provider. So her two parties are involved: the customer company (outsourcer) and the external service provider or supplier (outsourcer). Enterprises will not let go of their core competencies and fully focus on their core competencies such as manufacturing, marketing, etc.
However, non-core services such as customer service, customer relationships, supply chain management and real-time accounting can be outsourced to BPO.
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