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Electronic Business involvesprocesses such as electronic buying, supply chain administration, customerservice dealings, business partner's collaboration and electronically processinginstructions. Unique technical values for electronic business assist thesubstitution of data among companies. Electronic business software clarificationsallow the incorporation of intra / inter company processing. E-business is performed using the internet,intranets, extranets or the grouping of all these. Application of e-Business: There are three main applicationareas of e-Business: Internal business organization: This includes customer relationship administration, project resource planning, deed management schemes and human resource administration. Customerrelationship administration is the custom of cleverly finding, promoting and examiningcustomers. Technologies that sustain the business principles include the capture,storage and study of vendor, partner, customer and internal progressioninformation. Project resourceplanning incorporates all the information and procedures of a business into acombined system. This system includesmultiple mechanisms of software and hardware to attain the integration. Acombined database to store information for different modules is the keyingredient of the project resource planning system. Deed managementscheme is a collection of computer program to follow and store electronicdocuments. Digital property management, image documentation, record managementsystems and workflow systems relate to the Deed or document managementscheme. Human resourceadministration is the calculated and rational approach to the organizationstreasured assets. Human resource administration is a business practice and anintellectual theory that deals with the hypothetical and the realistic methodof administrating a workforce. Project communication and association: This system includes voice over internet protocol, content administrative system, voice mail, e-mail, business process management and web conferencing. Business to business e-commerce: Includes online shop, online multi level marketing and supply chain management. Consumerspurchase products or perform tasks over the internet using online shops. Onlineshops suggest physical correlation of product purchasing or other services at ashopping mall. Supplychain management is the technique of scheduling, executing and controlling thetasks of the supply chain professionally. SCM carries out the movement andaccumulation of raw products. Onlinemarketing is the promotion of products or other service areas through theinternet. One of the advantages of online marketing is low cost. In addition,it readily provides information to global audience. The cooperative nature ofonline marketing business is a unique quality. Models of e-Business: E-business model ispracticed online for the benefits of customers and suppliers. Some of the models are E-shops, Virtualcommunities, Collaboration stages, Third party market place and many more. Allthese models are emerging types of computer software. Collaboration stage is a combined stage thatmaintains synchronous and non-synchronous communication through differentchannels. Virtual community is a collection of people at initial stage. There are majorclassifications of E-business such as business to business, business toconsumer, business to employee and many more. Hence, E-business helps to makethe communication faster in this fast growing world.
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