UPDATED 24/04/2021 8:10 AM
Concept of E-Business
In fact, it is the method of utilizing digital information and advanced communication technologies to streamline different business processes – from the initial to implementation phase. E-business includes a lot of business processes including online order processing, CRM (Customer Relationship Management), supply chain management and many more. E-commerce is a part of e-business, so let me give you a comprehensive detail about what is e-business.
It is also known as supplier exchange in which business to business, business to government, business to consumer, and sales of services are made with the help of the internet. Basically, e-procurement is a way adopted by the companies to reduce the costs and efforts by sourcing products or services electronically.