Wednesday, January 6, 2016

ITC working on exclusive supply chain for e-commerce firms

E-commerce includes business activities that are business-to-business (B2B), business-to-consumer (B2C), extended enterprise computing (also known as “newly emerging value chains”), d-commerce, and m-commerce. E-commerce is a major factor in the U.S. economy because it assists companies with many levels of current business transactions, as well as creating new online business opportunities that are global in nature.
starting up an ecommerce business, one of the major challenges relates to inventory. When you think through the process, you realize that you cannot afford to keep the kind of inventory you need in order to do the business you want. In the initial stages, it might be better to set up an ecommerce website with the products you sell, and have someone else manage inventory, shipping, and returns.
ITC Ltd is building an exclusive supply chain for online retailers that will leverage the company’s extensive network of retailers and wholesalers to drastically cut the time to deliver its products, according to two company executives familiar with the development.

E-commerce includes business activities that are business-to-business (B2B), business-to-consumer (B2C), extended enterprise computing (also known as “newly emerging value chains”), d-commerce, and m-commerce. E-commerce is a major factor in the U.S. economy because it assists companies with many levels of current business transactions, as well as creating new online business opportunities that are global in nature.
starting up an ecommerce business, one of the major challenges relates to inventory. When you think through the process, you realize that you cannot afford to keep the kind of inventory you need in order to do the business you want. In the initial stages, it might be better to set up an ecommerce website with the products you sell, and have someone else manage inventory, shipping, and returns.
ITC Ltd is building an exclusive supply chain for online retailers that will leverage the company’s extensive network of retailers and wholesalers to drastically cut the time to deliver its products, according to two company executives familiar with the development.
The company aims to reach Rs.1 trillion in revenue from its cigarettes and packaged goods business by 2030.
While e-commerce is growing fast, most consumer goods firms are yet to come up with a sustainable strategy to leverage the opportunity, While the digital space is attracting a lot of private equity and venture capital funding, most (consumer packaged goods) firms are unclear on the opportunity.

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