e-commerce on the rise!
Interest is very high in e-commerce, how it develops and impacts on today and tomorrow's business in the power transmission and motion control industry.
With its e-commerce tool, EPTDA addresses this topical matter to help its members better understand opportunities and potential threats in the future.
The EPTDA e-commerce tool aims to illustrate the current e-commerce capabilities/maturity and penetration of EPTDA Manufacturers and Distributors, identify sectors of improvement and new channels of business growth.
Thanks to a survey carried out among the EPTDA distributor and manufacturer members, EPTDA is able to provide a snapshot of the trends and opportunities in e-commerce, which is part of business strategy for nearly 60% of the participating distributors and manufacturers. The survey results also show that 25% of those who currently do not run e-commerce are actually in the process of developing e-commerce systems; it's on the rise!
The EPTDA e-commerce tool provides information on:
- e-commerce ratio vs. company size
- e-commerce ratio of total sales
- e-commerce capability and penetration, of the respondents active in e-commerce
- the major benefits generated by e-commerce
The detailed report is available for the EPTDA distributor and manufacturer members in the password-protected Members Area: click here
What is e-commerce?
“Electronic Commerce” refers to the buying and selling of products or services over electronic systems such as the Internet and other computer platforms. In this case, the concept also includes the entire online process of developing, marketing, selling, delivering, servicing and paying for products and services. The use of e-commerce encourages innovations in electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction's life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices and telephones as well.
What e-commerce is not: having a digital, online product catalogue; or receiving / confirming orders by email. e-commerce really takes specific processes and softwares, customer interfaces, web-based platforms etc.