E-Auction is an online negotiation tool. The supplier with the lowest bid will win the auction. However, it is important to note that business will not always be awarded based on lowest bids only, quality and service level are also important selection criteria.
The non-price factors will - in most cases - be incorporated in the e-Auction so the winner of the e-Auction will also win at least part of the business.
Benefits of an e-Auction
• Transparent process
o It will be clear to participants why they won/lost the e-Auction.
o Participants will receive real-time market information.
• Contracts can be awarded faster.
• Time saving compared to face-to-face negotiations.
E-banking or Online banking (or Internet banking) are same terms it allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank, credit union or building society.
The common features are as under;
• Transactional (e.g., performing a financial transaction such as an account to account transfer, paying a bill, wire transfer... and applications... apply for a loan, new account, etc.)
o Electronic bill presentment and payment - EBPP
o Funds transfer between a customer's own checking and savings accounts, or to another customer's account
o Investment purchase or sale
o Loan applications and transactions, such as repayments of enrollments
• Non-transactional (e.g., online statements, check links, co-browsing, chat)
o Bank statements
• Financial Institution Administration
• Support of multiple users having varying levels of authority
• Transaction approval process
• Wire transfer
E-commerce (electronic commerce or EC) is the buying and selling of goods and services on the Internet. In practice, this term and e-business are often used interchangeably. For online retail selling, the term e-tailing is sometimes used.
Aspects of e-commerce include:
• E-tailing or "virtual storefronts" on websites with online catalogs.
• The gathering and use of demographic data through Web contacts.
• Electronic Data Interchange (EDI), the business-to-business exchange of data.
• Business-to-business buying and selling.
• The security of business transactions.
E-Directory maintains a hierarchical database of information about network resources within a global enterprise, including networks, users, subgroups, servers, volumes and printers. Users log in to the network, and eDirectory determines their access rights. In its early development it was known as Novell Directory Services (NDS). When eDirectory was NDS, it supported the X.500 structure, but not all of the protocols. With the addition of software from Nexor Limited, eDirectory could query X.500 directories in governmental agenciesand other organizations.
e-Engineering is an answer for growing globalization of manufacturing, sourcing and engineering. In the world of ever increasing speed, competition, treats and opportunities, it’s a tool to conduct a business better, faster and more efficiently every day. This is exactly the goal of e-Engineering: to help run a business according to the highest global standards and best practices, by providing with up-to-date, leading-edge industrial Web applications and customized needs fulfillment.
A form of online selling or promoting products or services in continuing contractual relationship with other businesses operating under the franchisor's trade name and usually with the franchisor's guidance, in exchange for a fee. Its growing popularity of online ordering for almost everything except groceries, e franchising is only going to increase in popularity. WSI is a well known company with a history of success and embraces questions from potential franchisees.
It’s an online gaming portal in return of rewards in terms of money or other benefits. Online gambling is always secured to avoid fraud or hacking the money transitions. There are plenty of laws and Ordinances implemented to regulate such online gambling website in the countries where it is allowed.
The delivery of a learning, training or education program by electronic means. E-learning involves the use of a computer or electronic device (e.g. a mobile phone) in some way to provide training, educational or learning material.
A system for sending and receiving messages electronically over a computer network, as between personal computers. In detail electronic mailing is the transmission of messages over communications networks. The messages can be notes entered from the keyboard or electronic files stored on disk. Most mainframes, minicomputers, and computer networks have an e-mail system. Some electronic-mail systems are confined to a single computer system or network, but others have gateways to other computer systems, enabling users to send electronic mail anywhere in the world.
E-Marketing, web-marketing, online-marketing, digital marketing, Search Engine Marketing (SEM) or internet marketing also referred to as i-marketing, is the marketing of products or services over the Internet. It can be defined as Achieving marketing objectives through applying digital technologies. By using a company’s web site in conjunction with online promotional techniques such as search engine marketing, interactive advertising, e-mail marketing and partnership arrangements (affiliate marketing) with other web sites.
E- Supply Chain Management
E-Supply Chain Online exchanges the management of upstream and downstream relationships with the suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole.
Electronic trading, sometimes called etrading, is a method of trading securities (such as stocks, and bonds), foreign currency, and exchange traded derivatives electronically. It uses information technology to bring together buyers and sellers through electronic media to create a virtual market place. NASDAQ, NYSE Arca and Globex are examples of electronic market places.