MGMT 3610 Lecture Notes - Lecture 6: Magento, Emerging Markets, E-Commerce
4 Jan 2021
Department
Course
Professor
Document Summary
Uk ecommerce firms operating with platforms like shopify or magento recognize the need for a trustful platform as well as an end-to-end, scalable tool for business process management very quickly. The key challenge of ecommerce companies is to control the chain to maintain good stocks, and to forecast market patterns with growing efficiency, eventually affecting the performance of their businesses. These companies aim to handle their relationships with customers in a smarter way, delivering a high level of service, making shopping and order fulfillment simpler and faster. Companies operating on the drop boat model are keen to maintain control over the entire manufacturing and shipment chain from supplier to customer (jerram & mcmahon, 2015). The industry has discovered that delivery speed and effective communication outweigh the importance of the product"s quality. Improved experience is important to promote the return of clients. Shop integration and magento with an erp framework helps automatically handle business processes and leads directly to business profitability.
