| The term Ebusiness refers business carried out on | | | | management. |
| the Internet. As information technology has | | | | A major advantage that this software provides is it |
| experienced a boom in the last decade, business | | | | can process and handle enormous amounts of data in |
| opportunities on the Internet have also increased. All | | | | an efficient manner. Another advantage that |
| businesses face tough competition, and businessmen | | | | software such as ERP offers is that they have |
| try to gain an edge over their competitors by | | | | considerably reduced production costs, inventory |
| seeking new strategies and innovations. | | | | costs and transportation costs and increase the |
| A major advantage that an E-businessman has is | | | | scope and range of any business that uses them. |
| competition can be done on a global scale without | | | | Other inventions and innovations that have affected |
| spending or investing too much time or money. The | | | | Ebusiness in a favorable manner are voice mails, |
| information technology revolution has made it possible | | | | e-mails, discussion forums, Emarketing, online |
| for entrepreneurs to work and carry out their | | | | transaction processing, electronic fund transfers and |
| business activities from home. | | | | data conferencing. Among these, the most important |
| New inventions and innovations are performing the | | | | functions are Emarketing and supply chain |
| job of a catalyst in this field. Software such as | | | | management. Supply chain management includes |
| customer relationship management (CRM) that helps | | | | production and distribution planning, production |
| an organization or a company to serve their | | | | scheduling, strategic network optimization, order |
| customers in a more efficient manner have become | | | | promising and demand-planning and collaboration. |
| crucial to the survival of a business. The enterprise | | | | Emarketing is another powerful marketing innovation |
| resource planning software is another example of | | | | that provides marketing solutions by using the |
| software that helps in increasing and automating | | | | Internet, email, ebooks, database and mobile phones. |
| other functions such as logistics, manufacturing, | | | | These innovations have become indispensable to |
| distribution, planning, invoicing and accounting. The | | | | almost all Ebusinesses and will definitely improve |
| ERP software also handles other business activities | | | | business practices and ethics in the foreseeable |
| such as marketing, human resources, and strategic | | | | future. |