E-commerce is an exemplary concept in the future of textile and apparel industry. It is playing a major role in the present scenario of textile and apparel industry. It is also very significant that the future of textile and apparel industry is complete only with E-commerce. Diverse e-commerce applications are being implemented in the textile and apparel supply chain. Information and communication technologies (ICTs) have the capacity to make extravagant amounts of information available to users located in various parts of the world. ICTs also facilitate rapid communication between them. One application of these technologies is in the development of e-commerce to support electronic trading.
E-Commerce A New Concept and Scope
E-commerce can be specified as any form of economic activity conducted through computer-mediated networks. The potential of e-commerce caught public's attention as a result of ventures such as the electronic bookshop. As a result there are a growing number of other Internet-based retailers in the business-to-consumer (B2C) e-commerce area. However, business-to-business (B2B) ecommerce is growing much more quickly than B2C forms of electronic trading. E-commerce is a new and exciting technology, attracting much interest. It has the power of fundamentally changing the ways in which companies do business. It is having a profound effect on the management of the supply chain. Aspects of e-commerce are much diversified.
E-commerce has a large impact on industry as a whole, including aspects associated with Business-to-consumer (B2C) e-commerce, business-to-business (B2B) e-commerce. In recent years there has been a dramatic increase in companies practicing electronic commerce. Two basic modes of organizing such companies have emerged. The first is creating a "brick-and-mortar" company, by installing an e-commerce division. The second is initiation of an enterprise as an electronic commerce company (dot.com), without previous organizational links to a traditional "brick-and-mortar" organization. Both modes of corporate practice of electronic commerce require redesign, recalibration, and even restructuring of key organizational dimensions. In such companies, there is also a question of applicability of traditional organizational dimensions to this new format of conducting commerce. As electronic markets and electronic commerce proliferate, there has been a marked increase in scientific studies of this phenomenon.
The emerging conventional wisdom suggests that electronic commerce is different enough to warrant an in-depth examination of traditional organization design in the present global scenario; e-commerce and e-business have increasingly become a necessary component of business strategy. E-commerce also acts as a strong catalyst for economic development. The integration of information and communications technology (ICT) in business has heavily improved inter organization relationships and intra organizational relationships. Specifically, the use of ICT in business has improved productivity, encouraged greater customer participation, and enabled mass customization and has also reduced costs. With the help of developments in the Internet and Web-based technologies, distinctions between traditional markets and the global electronic marketplace are gradually being narrowed down. The strategic positioning, the ability of a company to determine emerging opportunities and utilize the necessary human capital skill is the main aim of each and every firm. To make the most of these opportunities through an e-business strategy that is simple, workable and practicable within the context of a global information milieu and new economic environment is the focus of e-commerce. E-commerce coupled with the appropriate strategy and policy approach enables small and medium scale enterprises to compete with large and capital-rich businesses.
Source: http://www.fibre2fashion.com/
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