Category: eBusiness

e-Business lnfrastructure

Early e-business applications in the construction industry were built around focused and narrow processes such as oniine blue rooms and online project management and collaboration portals. It was estimated that US$2.5 billion has been spent in capital investments, in the United States only, by Application Service Providers creating project management and collaboration portals alone. Despite the large IT investments […]

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Verdict: System Architecture and Operation

System architecture Verdict is built around a three-tier architecture model, which comprises the following: The client tier The middle tier The database tier At the top level of the model is the client tier, which includes the Web browser software that interacts with the Verdict application. In between the top and bottom tiers is the middle tier, which […]

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Verdict Implementation

The VERDICT application consists of a series of judgement statements which fall into the four categories of management, process, people and technology. The end-users may either agree or disagree with these statements, to varying degrees. Verdict relies on the judgement of the respondent (i.e. end-user) as to whether or not he/she agrees with the statement/s in the context of their […]

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Four Key Elements for an E-ready Organization

implement and benefit from new technologies such as e-business, it is essential that the people (who are the ultimate users of the technology) and the process are given due consideration. The technology within the company also needs to be assessed in order to ensure that the company has the necessary infrastructure (ICT infrastructure) to use existing and new or emerging […]

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VERDICT

VERDICT is an Internet-based prototype application that assesses the overall e-readiness of end-user companies and profiles the companies in this regard, based on their responses. The name, ‘VERDICT’ reflects the overall aim and purpose of the application. VERDICT is developed to aid construction sector end-users to gauge their e-readiness for using e-business technologies such as Web-based collaboration tools. It […]

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Review of Readiness Assessment Models

An increasing number of readiness assessment tools have been developed over the last few years. On the surface, each tool gauges how ready a society or economy is to benefit from information technology and e-business. However, according to Peters (2001) the range of tools use widely varying approaches for readiness assessment, including different methods for measurement. Each assessment tool or […]

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Methodology for e-Readiness

e-Readiness can mean different things to different people, in different contexts, and for different purposes. The authors define e-readiness is as ‘the ability of an organization, department or work-group to successfully adopt, use and benefit from information and communication technologies (ICTs) such as e-business’. It is important for companies that seek to adopt e-business to undertake an analysis of their […]

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Organizational Readiness for e-Business

With the growing importance of the Internet, companies across several industries, including construction, are increasingly leveraging the Internet to achieve competitive advantage.Internet-based tools such as project extra nets are being used to manage construction projects. Such tools can be used to monitor control, manipulate and store project information and to make it available to all participants of the construction supply […]

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End-user Case Studies in e Business

With a view to capture end-user processes ‘before’ and ‘after’ using e-business applications, the drivers for e-business adoption, reasons for companies to engage in e-business, the skills and competence requirements, and the business benefits and limitations of e-business applications, case studies with end-users of Products A and B were conducted. Management level staff, such as senior project managers and IT […]

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Product Reviews

In the review process, Products A and B were reviewed for their scope and functionality. This provided an insight into the background, scope, functionality and other details of each application and helped to capture key company (ASP) and product-specific information. The next section gives a brief overview of Products A and B and illustrates with an example, the impact of […]

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End-user Construction Companies

Following the examples of other industry sectors, a small, but increasing number of construction organizations are beginning to adopt e-business for performance improvements and addressing the adversarial inter organizational relationships and fragmented processes. In the past few years, the UK construction industry has witnessed the emergence of a number of e-business applications to monitor, control, manipulate and store project information […]

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Node 4253 in BPR Model

The example demonstrated here illustrates opportunities for using e-business in construction processes. The example Node .4253 described is that of an innovative procurement process. Node 4253 incorporates the concept of using I-components for the door ordering process. The process of selecting a product supplier (in this case the door supplier) requires input from the client brief, door detail drawings […]

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BPR Model

To demonstrate the potential of using e-business in construction a representative BRR model was developed using the information channel (IC), one of the UK’s leading collaboration tools at the time (Construction Plus, 2001). This representative business process model provides an insight into how the then current working practices of the construction supply chain could be better managed using the IC. […]

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BPR for e-Business

Continuous demand for better performance and quality of services and products from customers and clients has forced industries to continually improve their work methods and hence their business processes, which are, at a basic level, a set of activities that transform inputs into outputs for another person or process using people and tools (ProSci, 2001). The process of changing business […]

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Processes of the Business Construction

The survey findings showed that in the early years of its adoption, the exact benefits of e-business in construction were not clear. The reality of the situation, however, was that in other industries e-business models had been considerably successful and the resulting automated processes were faster and more efficient than their traditional counterparts. The most successful example […]

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e-Business Adoption

An industry-wide survey conducted in late 2001/early 2002 attempted to identify the use of IT and e-business within the UK construction sector with the aim of identifying barriers, enablers and the potential of using e-business. It helped in identifying, examining and analyzing the industry-perspective on e-business adoption and helped in developing recommendations for the effective uptake of e-business within […]

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The Construction Context of e-Business

The level of uptake of e-business in construction varies from company to company and depends on a range of factors such as the type of the company, its role within the construction supply chain and the level of information and communication technology (ICT) competence, amongst others. The progression towards a ‘holistic’ approach to e-business adoption is gradual as companies […]

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eCommerce website designing
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eCommerce website

Create a website for e-commerce is not so easy as we imagine it usually. an eCommerce website need passed many steps and structures to be a real portal for commerce and trading of items. Web Design, The First Step ! The first step and also the most step is designing the website with the best […]

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ebusiness via internet
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e Business

We are in a new world of business, nowadays buyers to buy an item (a smartphone, a new car or second hand car, to rent a home, or anything else...), first of all check online shops, webstores and blogs to find the best item. time is one the valuable investment in modern world. to reach a normal shop and search for item, it takes too much time from your life. time is limited and not refundable !, so that, it is business via electronic ways, yes it is time to do e-business perfectly !

At a glance e-business has benefits for both buyers and vendors as:

  • Save time
  • The best presentation (With videos, sounds and photo)
  • The best price
  • No distance exist !
  • More customers, more sales
  • e-Shops are always open
  • Tracing customers for re-trade
  • look at reveiw of other customers to trust quality (Reviews is the most important matter in US, Canada and UK and modern countries)
  • Cheaper expense to advertising the items
  • The fastest way to announce about new products and items in web-store

 

What is e-Business

There are many definitions of e-business, for example we can defines e-business as any 'net' business activity that transforms internal and external relationships to create value and exploit market opportunities driven by new rules of the connected economy. actually the word 'e' means electronic so it means business via electronic channels as website, social networks and emails. By running business over internet, so trading will be occurred too, therefore e-commerce is result of e business.

Please click here to see e-business vs Shop

e-Business Definition

First of all, look at the word e-business, it includes from two words 1- e 2- business so we can define it electronic business however, it is more than an absolute state of a company and it targets the market opportunities of conducting business under new electronic channels, which revolve around the Internet.

e-business structure

e-business communications in markets

Types of e business

 

e Business Range

This is an acknowledgement that e business comes in many forms and can be implemented to a very small or a large degree. It is also an acknowledgement that the 'Internet' is an essential component of an e-business strategy. Laudon and Laudon's (2002) definition of e-business, as the use of the Internet and other digital technology for organizational communication, coordination and the management of the firm, encompasses these different adaptations. In the broadest possible terms, however, e-business is an electronic way of doing business. The fact that the value proposition of e-business includes the creation of new market opportunities through electronic channels, should not be ignored as these electronically channeled market opportunities enable companies to lower transaction costs, reduce delivery times, improve customer services, and add convenience.

This site is concerned with the implementation of e-business in the construction industry. In this context, e-business is defined broadly as the conduct of construction business by electronic means.

This fits with broad definitions of the term 'e-commerce' exemplified by the definitions below:

  • The Organization for Economic Cooperation and Development (OECD): 'The electronic exchange of information that support and govern commercial activities including organizational management, commercial management, commercial negotiations and contracts, legal and regulatory frameworks, financial settlement arrangements and taxation' (OECD,1999).
  • Learnthat : e-Commerce is not just about buying and selling online, but also includes all forms of business activities that are conducted over the Internet (e.g. the business-to-business flow of information between companies or within a company, communication between businesses, online advertising, etc.).
  • Kalakota and Whinston: e-Commerce at its grass root level can be described as an electronic method of doing business, typically over the Internet. Broadly defined, however, 'eCommerce is a modern business methodology that addresses the needs of organizations, merchants and consumers to cut costs while improving the quality of goods and services, and increasing the speed of service delivery'.

Thus, the term, e-business, as used in this site should not be considered synonymous with narrow definitions of e-commerce as the process of buying and selling goods and services online.

Please click here to see Definitions & details of business specifics, Short Term Financing

 

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ebusiness via internet
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Business via Electronic Channels

We are in a new world of business, nowadays buyers to buy an item (a smartphone, a new car or second hand car, to rent a home, or anything else...), first of all check online shops, webstores and blogs to find the best item. time is one the valuable investment in modern world. to reach a normal shop and search for item, it takes too much time from your life. time is limited and not refundable !, so that, it is business via electronic ways, yes it is time to do e-business perfectly !

At a glance e-business has benefits for both buyers and vendors as:

  • Save time
  • The best presentation (With videos, sounds and photo)
  • The best price
  • No distance exist !
  • More customers, more sales
  • e-Shops are always open
  • Tracing customers for re-trade
  • look at reveiw of other customers to trust quality (Reviews is the most important matter in US, Canada and UK and modern countries)
  • Cheaper expense to advertising the items
  • The fastest way to announce about new products and items in web-store

 

What is e-Business

There are many definitions of e-business, for example we can defines e-business as any 'net' business activity that transforms internal and external relationships to create value and exploit market opportunities driven by new rules of the connected economy. actually the word 'e' means electronic so it means business via electronic channels as website, social networks and emails. By running business over internet, so trading will be occurred too, therefore e-commerce is result of e business.

Please click here to see e-business vs Shop

e-Business Definition

First of all, look at the word e-business, it includes from two words 1- e 2- business so we can define it electronic business however, it is more than an absolute state of a company and it targets the market opportunities of conducting business under new electronic channels, which revolve around the Internet.

e-business structure

e-business communications in markets

Types of e business

 

e Business Range

This is an acknowledgement that e business comes in many forms and can be implemented to a very small or a large degree. It is also an acknowledgement that the 'Internet' is an essential component of an e-business strategy. Laudon and Laudon's (2002) definition of e-business, as the use of the Internet and other digital technology for organizational communication, coordination and the management of the firm, encompasses these different adaptations. In the broadest possible terms, however, e-business is an electronic way of doing business. The fact that the value proposition of e-business includes the creation of new market opportunities through electronic channels, should not be ignored as these electronically channeled market opportunities enable companies to lower transaction costs, reduce delivery times, improve customer services, and add convenience.

This site is concerned with the implementation of e-business in the construction industry. In this context, e-business is defined broadly as the conduct of construction business by electronic means.

This fits with broad definitions of the term 'e-commerce' exemplified by the definitions below:

  • The Organization for Economic Cooperation and Development (OECD): 'The electronic exchange of information that support and govern commercial activities including organizational management, commercial management, commercial negotiations and contracts, legal and regulatory frameworks, financial settlement arrangements and taxation' (OECD,1999).
  • Learnthat : e-Commerce is not just about buying and selling online, but also includes all forms of business activities that are conducted over the Internet (e.g. the business-to-business flow of information between companies or within a company, communication between businesses, online advertising, etc.).
  • Kalakota and Whinston: e-Commerce at its grass root level can be described as an electronic method of doing business, typically over the Internet. Broadly defined, however, 'eCommerce is a modern business methodology that addresses the needs of organizations, merchants and consumers to cut costs while improving the quality of goods and services, and increasing the speed of service delivery'.

Thus, the term, e-business, as used in this site should not be considered synonymous with narrow definitions of e-commerce as the process of buying and selling goods and services online.

Please click here to see Definitions & details of business specifics, Short Term Financing

 

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Short Term Financing
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Short Term Financing

Management of working capital is other name of Short term financing . ( current assets less current liabilities ). One of the main aims is to reduce the amount of short term finance that companies need to borrow for their day to day operations. The more money that is tied up in current assets, the more capital is needed to finance those current assets. Essentially, as well as using its working capital as efficiently as possible, a company may use short term borrowings to finance its stock, debtors or cash needs.

Please have look at this photo

Short term financing and its source of finance

Short term financing and its source of finance

Internal Financing

Companies will try minimize their levels of working capital so as to avoid short-term borrowing. Here we look at the main elements of efficient working capital management and three important  techniques be used to control working capital levels.

Cash Element in Short Term Financing

Cash is the lifeblood of a business. Companies need cash to survive. Businesses will try to keep enough cash to manage their day-today business operations. (For example purchase stock and pay creditors), but not to maintain excessive amounts of cash.  Businesses prepare cash budgets,  which enable them to forecast the levels of cash that they will need to finance their operations.  They may also use the liquidity and quick ratio to assess their level of cash.  If despite careful cash management the business's short-term cash requirements are insufficient then the business will have to borrow

 

Debtors Elements in Short Term Financing

Debtors management is a key activity within a firm. It is often called credit control. Debtors result from the sale of goods on credit. There is, therefore, the need to monitor the receipts from debtors to see that they are in full and on time.

There will often be a separate department of the business concerned with credit control. The credit control department will,  for example,  establish credit limits for new customers, monitor the age of debts and chase up bad debts.  In particular,  they may draw up  a debtors age schedule.  This will profile the age of the debts and allow old debts to be quickly identified.

Debtors Collection Model

A useful technique designed to maintain the most efficient level of debtors for a company is the debtors collection model.  A debtors collection model balances the extra revenue generated by increased sales with the increased costs associated with extra sales(i.e.,  credit control costs,  bad debts and the delay in receiving money).  

The model assumes that the more credit granted the greater the sales However,  these extra sales are offset by increased bad debts as the business sells to less trustworthy customers.  Whether the delay in receipts means that the business receives less interest or pays out more interest depends on whether or not the bank account is overdrawn.  Usually,  the cost of capital is used to calculate the financial costs of the delayed⁠⁠⁠⁠ receipts.

 

Stock in Short Term Financing

For many businesses, especially for manufacturing businesses, stock is often an extremely important asset. Stock is needed to create a buffer against excess demand, to protect against rising prices or against a potential shortage of raw materials and to balance sales and production.
Stock control is concerned not primarily with valuing stock, but with protecting the stock physically and ensuring that the optimal level is held. Stock may be stolen or may deteriorate.

For many businesses such as supermarkets the battle against theft and deterioration is never- ending. A week-old lettuce in a supermarket is not a pleasant asset!! For supermarkets, stock can also be a competitive advantage.

Two common techniques associated with efficient stock control are:

  1. The economic order quantity model

Please look at the photo

Economic Order Quantity Model in short-term financing

  1. Just-in-Time

Just-in-time was developed in Japan,  where it has an an method deliveries of stock control.  It seeks to minimize stock holding costs by the careful timing of deliveries and the efficient organisation of production schedules.  At its best,  just-in-time works by delivering stock just before it is used.  The amount of stock is thus kept to a minimum and stock holding costs are also minimized.  In order to do this,  there is a need for a very streamlined and efficient production and delivery service.  The concept behind just-in-time has been borrowed by many UK and US firms.  Taken to its logical extreme,  just-in-time means that no stocks of raw materials are needed at all.  One potential problem with just-in-time is that if stock levels are kept at a minimum there is no stock buffer to deal with unexpected emergencies.  For example,  in the fuel blockade of Autumn 2000 in the UK,  many supermarkets ran out of food because they had kept low levels of stock in their stores.

 

Next Articles : External Source for Short Term Financing

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eBusiness vs shop and differents
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e-Business vs Real Business

Do you have a showroom in a corner of your city?, if yes, so you have a real business but if you sell your products over Ebay or Amazon website then you have e-business. But the main question is which is better ? which has more profit for us?. Before to answer to this question lets us have a look at different between e-business and a shop

 

How E-business Works for You

  • ebusinessCustomers will find you by search in internet
  • Your products are available to show 24 hours of all days of year
  • Your customers are from the world so our location is the world
  • Customers could trust your electronic products perfectly but not real products like art works or handcrafts
  • Customers will pay you over electronic payment gate not in money note
  • Comments and reviews of your customers could be read by other customers

 

How Real business (Shop) Works for You

  • A Showroom of Car in the street

    A Showroom of Car

    Customers will find you by your signboard over street

  • Your products are available to show only over opening hours of shop
  • Your customers are mainly from the area of the location of your shop
  • Customers could trust all your products and services that you present it in shop
  • Customers will pay you by POS or money note
  • Opinions of your customers could not be read by other customers

 

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Organization Costs of Company Formation

The formation of a company is a much more costly step than the organization of a partnership. First of all, you should register a business name for your company so you can do it yourself or do it by registrar of companies. how ever to a company formation has very costs but it is important to know […]

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e-hubs in e-commerce
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The Role of e-Hubs in e-Commerce

In the recent past,  e-Hubs have been flourishing,  either in the form of public marketplaces or private exchange platforms within enterprises.  e-Hubs have been used in a wide range of industry sectors(e.g.  shipping and Trucking,  Warehousing,  Perishable Goods,  Chemicals,  Travel Entertainment,  Real Estate,  Insurance Services,  Manufacturing,  Financial Services,  and Media).  

e-hubs in e-commerceeHubs have clearly demonstrated their power as a real-time,  global distribution marketplace by dissolving the constraints of time and geography and made it possible for buyers,  Business-to-Business and Business-to-Consumers to become more fully engaged.

Below are some of the examples:

  • According to the ITNET(URL1),  the e-procurement contract using in-Trade software is worth up to £1.6 million over three Infobank's years
  • Biotech analytics has won orders worth over £500000 since the e-Hub went live on 27 November 2000
  • Companies like Ariba Chemdex,  Commerce One,  Free-Markets,  Internet Capital Group,  and SciQuest.com have gained large amount of capital from stock markets
  • e-Steel.com  serves the $700 billion global steel industry Its e-commerce solution Website unites buyers and sellers and provides an array of resources for sales and purchasing professionals through out the steel value chain.  Nearly 3000 companies,  from 90 countries have become members of e-STEEL,  representing all of the key segments of the steel value chain

e-Hubs create value by aggregating buyers and sellers,  creating marketplace liquidity,  and reducing transaction costs and time,  e-Hubs are changing traditional business transactions and the relationships between enterprises by integrating the supply and demand of an enterprise with its customers,  suppliers and partners,  and automating business trans actions and information sharing,  They create unprecedented levels of market transparency and lower the cost of transactions,  Furthermore,  industry users are able to liquidate their service products,  establish exchange networks,  and operations with their demand and supply to build use e-Hubs product life-cycle.  customers together and chains number of suppliers and players By bringing a large between these facilitating transaction and are able

  • configure a multi-channel sell-side solution.It enables a company t market and sell more inventories to existing customers and to establish new customer relationships by connecting to e-marketplaces and portals.  e allow companies to control and manage all of its sales channels from a single interface
  • Reduce costs significantly due to the enhanced contract pricing lever.  ages during supplier negotiations,  transactions,  and product development such as reducing paperwork,  travelling costs,  and inventory costs,  allowing multiple sales,  and integrating and consolidating payment.
  • Increase market transparency as customers and suppliers can track and monitor the whole transaction process,  profile their purchases and customers and administration of contracts and authorizations.  Facilitate the supply chains among enterprises to speed time-to-market through collaboration with suppliers and customers.  Steps required for design,  execution,  prototyping,  and changes become workflows in which information is shared seamlessly with partners to create the right design in a shorter period with a quicker ramp to high-volume manufacturing.
  • Coordinate logistics and capital management with the business and process.
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The Construction Context in eBusiness
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The Construction Context in eBusiness

The level of uptake of e-business in construction varies from company- to company and depends on a range of factors such as the type of the company, its role within the construction supply chain and the level of information and communication technology (C) competence, amongst others. The progression towards a holistic approach to e-business adoption […]

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Lists of Business Specific (R to V)

Lists of Business Specific (R to V) Real Estate Company This type of business provides real estate services to the general public. Some of their activities might include sale of properties for themselves or a builder/developer. They might also get involved with rental property management. Religious Organizations This set of accounts would be suitable for […]

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Lists of Business Specific (N to P)

Lists of Business Specific (N to P) Nightclub It provides food, beverages, and entertainment to the general public. Non-Profit Organizations An organization that is not profit oriented, and thus has a unique set of accounts. Types of groups that could use this set of accounts are homeowners’ associations and civic clubs. Nursing Home This business […]

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