With the increasing use of the Internet, computers, and other electronic applications in everyday life, it is not surprising that e-commerce has revolutionized global commerce. E-commerce refers to the buying and selling of products through an electronic system such as the Internet and other computer networks. While e-commerce can focus on buying and selling products online, it also covers other processes such as development, marketing, delivery and payment.
Commercial online transactions have increased dramatically with the proliferation of Internet use. This has produced innovations in areas such as electronic funds transfer, management of the supply chain, internet marketing systems, data collection systems and inventory management. While e-commerce mainly uses the Internet to facilitate business, a wider range of technologies such as email, mobile devices, and telecommunications are also used.
Online sellers who maintain a website selling products and services to consumers are sometimes known as e-tailers. Online shopping is a growing form of electronic commerce where the consumer buys goods and services directly from the vendor’s website. Items can be paid with a credit card. Variants of this service include the “App Store” where consumers can buy apps for their smart phones and cyber centers, which are websites that link to users hundreds of other websites selling online.
Many traditional retailers have also started to use retail POS or Point of Sale Software to manage their business processes. Retail management software is the complete point of sale, e-commerce, and billing programs were merged into a single software. Point of sale software allows users to prepare estimates and invoices for printing from a user-friendly screen. In addition, work orders and estimates can be printed as invoices or updated automatically.
A functional screen retail POS estimate must contain a screen that allows a retailer to find customers by name, phone number, or email to. An estimate screen will also allow managers to update and track inventory, track daily sales, get customer history, and customize the payment methods. A good inventory will enable retailers to price changes input to provide monthly and annual sales statistics, and provide bar code scanning and printing.
By installing a complete software retail POS to manage online storefront sales, companies will be able to take advantage of changes in world trade and stay ahead of the competition.