Role of E-commerce in Reducing Operational Cost- a Study

E-Commerce is the process of conducting business electronically among various entities in order to satisfy an organizational or individual objective. A key ingredient of E- Commerce, sometimes referred to as electronic trading, is the advertisement and procurement of goods and services over the Internet (Rhodes & Carter, 1998)002E The success and volume of E-Commerce on the web has been widely reported. With success in establishing an environment in which ECommerce can grow and flourish, every computer can become a window open to every business, large and small, around the globe. E-commerce, short for electronic commerce, has revolutionized the way businesses operate and has played a pivotal role in reducing operational costs across
various industries. This innovative approach to conducting business transactions online has significantly transformed the traditional business landscape. E-commerce leverages the power of digital technology to streamline processes, enhance efficiency, and ultimately cut operational expenses for businesses of all sizes. In this introduction, we will explore the fundamental role of e-commerce in reducing operational costs, highlighting its impact on various aspects of business operations. From minimizing brick-and-mortar overheads to optimizing inventory management
and automating processes, the influence of e-commerce on cost reduction is profound and farreaching. Understanding these dynamics is crucial for businesses seeking to harness the costsaving benefits of e-commerce in an increasingly digital and competitive marketplace.