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E-commerce and the Business

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How can a grocery store make better use of e-commerce? How do e-commerce operations management compare to traditional operations management? What are the critical success factors of e-commerce operations management? What's the framework of PERT and CPM?

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Solution Summary

The solutions discusses how a retail business can use e-commerce effectively. It also compares e-commerce to traditional operations management. The e-commerce critical success factors was also discussed.

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How can a grocery store make better use of e-commerce?

E-Commerce or Electronic commerce is a term for any type of business, or commercial transaction, that involves the transfer of information across the Internet (Network Solutions, 2012).

E-commerce will help grocery store owners capture large market potentials by going online. It will, at the same time, help its internal operation in terms of inventory management.

How do e-commerce operations management compare to traditional operations management?

There is wide disparity between e-commerce operation and traditional one. E-commerce operation expands the market territory of the business into the international market through digital inter-connectivity.

The difference between e-commerce operation and Traditional operations management, according to WealthCentral (2007), is the difference between "employees vis-a-vis no employees, setting your own hours vis-à-vis following business hours, low-cost start-up/maintenance vis-a-vis high cost start-up/maintenance, global market vis-à-vis local market, and residual income vis-à-vis linear income".

The differences lie in the cost and manpower needed in ...

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