To move ahead in business with global sources it is essential to work according to the existing business practices. As technology advances the work place also gets modified to incorporate the changes. The greatest gift of technology, Internet, has discovered new business opportunities and initiated a wide range of e-commerce practices.
Electronic commerce or e-commerce serves the import and export industry well. Recently, e-commerce has been focusing on changing the mindset of businessmen, so as to increase profit in business.
-Advantages of e-commerce in China
Various advantages of e-commerce in China are described as follows:
It ensures flexibility in listing the product on directories and quick update of information is provided. Direct link facility added on other websites of the client offer textual information and picture display. Whenever you want to add a new product, change the prices of your products or make any other change in the products, you can update them in e-catalogue in no time.
E-commerce offers a wide range of search; according to categories, company name, location, and price.
E-Commerce reduces the competitive edge in the import and export industry. Now all companies engaged in global sourcing in China are on equal footing.
There is an extended market place with increased number of customers. Internet allows wide number of customers to access the things at one place. It helps to globalize the customer base.
Minimizes unnecessary expenses on phone calls and mailings.
Reduces significantly the marketing and advertisement costs, purchasing costs, cost on processing of orders and inventory storage costs.
Customers are involved in direct interactions with the company.
Business administration becomes easy due to easy business transactions. As all transactions can be easily updated with e-commerce processes within seconds, there is nothing to be worried as such; like the usual delays.
Access to data saved in e-commerce process is easy.
Reduces deployment of more staff members in customer services and sales support programs.
The e-commerce process helps customers to get complete hold on sales procedure and it builds loyalty for company products.
E-commerce provides technology enhanced and improved business mode of dealing with the customers and suppliers.
E-commerce in China ensures easy accounting system of inventory with online adjustments of stock and availability of business locations.
The workflow in system gets automated with secured registration process of import and export in China