International Business Online Courses
international business online courses
INFORMATION TECHNOLOGY AND INTERNATIONAL TRADE
INFORMATION TECHNOLOGY AND INTERNATIONAL TRADE
By
Miss P. PIRAKATHEESWARI, a professor of Commerce
Sri Sarada College for Women (Autonomous), Salem – 16.
Introduction
Computerization has changed doing in the world. No aspect of the company has remained outside the information technology (IT) revolution. This is particularly true of international trade where people in different parts of the world, making transactions with another. International activities include manufacturing, land transport, customs and special numbers, port operations, shipping, clearing and forwarding, etc. During these operations, a large number of documents are created and exchanged, many of these documents or information it contains is repeated, while the creation and distribution of these documents before the advent of computers. hundreds of hours of work are lost in transaction repeatedly, it innovations have revolutionized international affairs, the use of technology in handling and processing of information. Especially in large organizations to save time, reduce costs and reduce labor, manual entry and data transfer has become not only obsolete but also irrational.
Domains
In international affairs today, which is most useful in the following areas:
1. E-procurement
2. Electronics Marketing
3. Electronic Logistics
A company competitive, modern attempts to maintain a market advantage. To provide a competitive advantage through its various enforcement tools. Tailoring these tools in different areas of activity, the company can get many benefits in terms of access to a customer or a vendor anywhere in the world, the speed of operations, reducing manpower, etc. because of the reach of the Internet is possible to transact purchase and sale, regardless of their geographic location. Support for Internet banking in the timely processing of payments and settlement of accounts. A website can be a virtual showroom where products can be displayed, demonstrated and sold. This website also offers advice to other services after-sales service and suggestions, discussion forums in place, ask the customer feedback, and educate the customer. applications that exchange electronic data interchange (EDI) has also enabled logistics operations, with papers.
1. Electronic Procurement
Recruiting e is essentially composed of a series of related methods to improve the process recruitment through the use of electronic systems and processes. The need for electronic contracts stems from the fact that in today's globalized world, a manufacturer of basic inputs such as raw materials, components, machinery and consumer goods around world. The manufacturer is constantly looking for suppliers who can provide quality materials at more competitive prices. The Internet has become a field favorite hunting the best deals. Small businesses can buy tickets on websites that sell a variety of items. However, for large organizations, electronic contracting is a systematic process described. Here, companies use automated applications to simplify the production and purchase of non-production goods and services.
All e-procurement process can be divided into three main components: pre-sales the purchase and payment activity. Pre-sale activity can start with a purchase requisition (RFP) was generated by the user department and sent to the purchasing department. The electronic platform allows you to plan activities for pre-order the departure process prequalification of suppliers. Vendors are invited to register their interest in a prescribed application form. They are asked to provide information your organization, availability of resources such as manpower, equipment and monetary resources. letters of reference from their bankers to help establish its market position. A list of current customers are treated equally to measure their market. Suppliers are selected trademarks and whenever there is a demand for their services, a Request for Quotation (RFQ) is sent to them. For large orders, suppliers are invited to bid on a tender. tender evaluation tools to determine the most appropriate. A number of companies use of reverse auctions, where, in announcing the auction on your site and ask the sellers to make their bids on time. Bids are then opened and evaluated, before the contract was awarded to the selected supplier with best bid. This process is called a reverse auction, because in this case, the auction for hiring rather than a sale.
Benefits of electronic procurement
- Reduce labor cost
- Reduce cycle time of purchase
- Great selection of suppliers
- Cheap assets acquired
- Reduce transaction costs
- Less human errors
- better relationships with suppliers
- Better compliance
2. E-Marketing
Internet has changed the way goods in exchange money. It has broken down geographical barriers between buyers and sellers. The Internet allows a manufacturer in India to sell its products to a customer anywhere in the world through the World Wide Web. It is necessary, however, that the buyer has access to the Internet and has the know-how and desire to make purchases online.
The Internet has provided a platform for highly effective marketing marketing or e-mail. E-marketing is to use digital technologies to help sell their products or services. This is different from a traditional market vendors showcasing their products and buyers can touch and feel products and negotiate with sellers. In the case of e-marketing, vendors can display photos, videos and specifications their products. In most cases, prices are also displayed so that buyers have a clear idea about the product and price.
Benefits E – Marketing
- 24 * 7 connectivity – The buyer may access the web site 24 hours a day, 7 days a week.
- Lowest Prices – E-Commerce websites can be launched with a very small budget. The cost of the development costs of web sites, rental of web space, web hosting fees and maintenance.
- Scale the world – The biggest advantage of businesses through the Internet is its global reach.
- Background Online Payment – The buyer can pay online by credit card. This service simplifies the operation, ensure that the payment of suppliers.
- Measuring effectiveness – Putting a counter on the site, the seller can count the number of visitors to this website and the number of buyers who actually made the purchase online.
- Ease of use – The buyer must not leaving the comfort of your home or office to buy goods online. Payment can be done with a click of the mouse and the goods can be delivered to the stage Door buyer.
- Ease of Use – Most e-marketing websites are very easy to use. Buyer is guided by different processes to acquire the property line. Many suppliers have established call centers to be in contact live with the buyer.
- Personalized service – Visitors to the website are generally advised to register so that each time they visit the Web site recognized and provided adequate services.
- Creation of databases of consumer – The seller can maintain a database name, age, address, gender, telephone numbers and important dates such as anniversaries buyers Online.
3. Electronic Logistics
e-Logistics is the use of Internet-based technologies to support storage and transport management processes. E-logistic distribution allows the couple optimization routing with inventory tracking and monitoring information.
In international trade and distribution, computerization is slowly but surely carried in the hold of all aspects of the business. Trade is available via the computer department of Commerce, the electronic credit card, recording by telephone for booking Freight computerized monitoring system and documentation, freight rates of automated electronic payment systems for the transport of computer data losses and damages.
There is considerable scope for application of ICT in logistics. In fact, modern supply chains are maintained together by force of IT, through its ability to transmit large amounts data quickly, or make the data available for decision making overall.
Because of the advantages offered by IT, logistics providers Many have to handle most of their business transactions electronically. In addition, exporters are already using it for various activities ranging from recruitment services, electronic cargo using network.
Important Electronic Tools
The shipping lines are willing to encourage their clients to use the Internet and have developed a series of attractive tools. The biggest advantage of these tools is that both senders and that shipping companies gain by using them. Here are some of the most important tools:
- electronic receipt of information on schedules Ship
- Tracking and tracing of cargo
- The bill transport distance (B / L) Print
- Only data entry of reports
- Exception reports
- Tender online etc.
1. Electronic receipt of information on the timing of vessels
Shippers can access a logistics portal to check the calendar for different lines and choose what suits their supply chains the best. This saves shippers time and effort. Business lines also benefit because they do not inform shippers about their travel plans. Currently, the only limitation is that this system keeps all information portals on each shipping line, nor all the shipping companies to provide updated information on their sites or related websites.
2. Tracking and tracing of cargo
Shippers receive more benefits as well as e-logistics is concerned, is the monitoring and tracking of cargo. With e-connectivity they need to spend less time for consultations with the shipping status of your shipment and significantly improve visibility of the supply chain. Nevertheless, different portals offer different services.
3. Charter Holder in a printing
The main advantages of this service include reduced costs of production and distribution companies. The gain of the charger is fast and receipt documents without error. Shippers increasingly using this service and require the transmission simplified transport documents. One reason it is a error-free transmission of lading. Shipping companies usually send the bill of lading to 48 hours of sailing the ship.
4. Entrance Single data reports
With the uniform system of documentation, the format of the shipping documents is different now standard. Information entered once any document automatically appears on all documents aligned. The system records the entry of repetitive data and save time and cost.
5. Exception reports
Carriers around the world who work tirelessly to make quality products, they also want reliable delivery times. Reports of emergency by the shipping company that provides the sender if instruction is a gap, he / she gave the shipping company.
6. Tender online
For Learn ocean freight rates from several companies, the sender must send a separate question for each carrier. bidding online allows rate to the sender to send requests as many lines as you want to send the push of a button. Today, in the era rationalization, mergers and acquisitions, the charger needs receiving more and more complex. Tender online help to obtain competitive prices for shipping companies operating in various routes. These multinationals maintain databases of these contributions in order to choose the most competitive rates on various routes.
Conclusion
Technology is evolving at a rapid pace. Various aspects of e-business, such as e-procurement, e-marketing, e-logistics use a number of technology products. The life cycle of technology products is very short. We live in an era of knowledge, where everyone has access to information through the Internet and a variety of other sources of information. But the market is dominated by people who translate information into knowledge and use knowledge to improve productivity and efficiency their businesses. India enjoys an enviable position for its leadership in the field of information technology. A series of business solutions in India to develop applications around the world. However, these applications are time consuming to implement India itself.
About the Author
Miss. P. PIRAKATHEESWARI, Lecturer in Commerce,
Sri Sarada College for Women (Autonomous), Salem – 16.
Need advice for MBA?
I am a Master of Computer Science, which is about six years of experience in network / telecom field. I do not see any smarter than my chief technical – it seems that I am at the end of a scale here. Would you go on an MBA, but have trouble deciding which specific concentration. I know I do not like accounting, sales, entrepreneurship. A combination of the Finance and Information (IT say more as Financial mathematics) seems interesting and have no idea what it is international trade. ABT suspicious programs Specialized MBA in health care, housing, etc. I want to be able to change the industry in the future – perhaps to finance management events. Which course should I be looking for really? What What documents / web sites or online forums should be read to be better prepared for this level of labor market /.
Since we already have years of experience, you could see in programs Executive MBA.
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