Based on the exact needs of every customer, it is possible to design products for all customers with the mass customization technology. E-commerce entered a period of consolidation since 2001,, Traditional firms learned how to use web to strengthen their market position. Traditional commerce does not have the electrical machine to control the manufacturing techniques that are employed for use in the company and this slows down its functionality in terms of reducing the inventories made in the company. 24 Sin Ming Lane Midview City #07-93, Singapore 573970, Unit C8, 21/F, Mai Wah Industrial Building, 1 Wah Sing Street, Kwai Chung, N.T., Hong Kong, How to Provide Exceptional Customer Service for E-commerce, 6 Reasons Why People Don’t Buy From Your Ecommerce Website, We're committed to your privacy. As mentioned, Freud's definition of insanity is: doing the same things over, and over again and expecting different results. Impact of E-commerce on traditional retail. According to Shin-Ping (2008), E-commerce requires specialized systems of both finance and accounting. Many people are now using the internet to transact various activities within their industry. According to Chaudhary (2010), the rapid progress in electronic commerce is progressively putting companies under pressure to switch quickly to the new technologies, offering them an opportunity to perform experiments with new services, products and processes. 47-59. National Information Ecology: A New Institutional Economics Perspective On Global E-Commerce Adoption. San-Francisco: Jossey-Bass. Farquhar, J. The use of internet for business marketing the goods and services are increasing day by day. In the social and retail history department stores have led to the establishment of the modern shopping experience that is to the benefit of all. The organizations structures have been altered due to the use of e-commerce together with the prices they allocate to different items. The web can be easily used to transfer business orders to designers for production within seconds. You may unsubscribe from these communications at any time. This is the reason as to why the traditional retail makes profit through selling products and services to buyers from what is termed as mark-up of the actual cost of the product (Sobihah et al, 2014). Impact of E-commerce and future trends Statistics show that from 2001 to 2016, department stores lost 25% of their jobs, equivalent to 448,000 workers. E-commerce was a totally new way of shopping . The expectations of the buyers have increased with the boom in eCommerce industry and they expect much more than just buying products. All the operations of the business hours are conducted within a certain period of time that requires location renting as well due to the fact that they are rules of traditional Commerce. E-commerce has provided base of recognizing impediments that aid in capturing the cost savings of the internet and more so the inertial issues that are related to the organizational issues. Electronic commerce, on the other hand, embraces the benefit of using the internet and other technologies of network. In the conclusion traditional and developing electronic retail will be discussed not to be a kind that can be substituted mutually; since they are reinforcing and mutually independent according to the discussion that will be provided regarding them. Ecommerce web design is a marketing and advertising tool with the ability to promote products and services using the World Wide Web to have company information listed on search engines so people can see what you do on a global scale and so has benefited to retailers to promote their business globally. Traditional commerce has to be physically opened for customers to come in and do their purchasing-Commerce is well competent in the reduction of cost to its buyer due to the fact that need not to walk but just sit and wait for their deliveries to be made. Traditional commerce requires purchasing, advertising that have to be carried for people to be made aware if its existence and staff employment who will coordinate all the activities of the industry. International Journal of Quality and Service Sciences, 1(3), 271-279. Review of Knowledge Management, 2(2), 37-45. The evaluation of e-commerce impact on business efficiency. Management Review: An International Journal, 9(2), 67-97. The use of e-commerce has transformed the traditional commerce by lowering the operational costs, while at the same time improving on the levels of services offered by such organizations. E-commerce in India. The industrial revolution has undergone a lot of inventions, entrepreneurships in the two centuries and this had a profound effect in the social and retail landscape that led to its transformation of a lifetime. It is efficient in reaching the customer directly and embraces the bi-directional communication nature. This type of control in the organization will reduced the cost of logistics by ensuring that there is decrease in labor and increase throughput through optimization that is done on the sortation system in the organization. Barkley, E. F, Cross, K. P. & Major, C. H, 2005, ‘Collaborative Learning Techniques:’ A Handbook for College Faculty. (2010). With up-and-coming wearable technologies and refined mobile products, customers are shopping online in more ways than one and are using technology on a daily basis. Entertainment and hospitality were incorporated in the shopping format to ensure that things are done in the rightful way. These new shopkeepers used their proprietors to employ shop fronts and this ensured that trusted and new brands identity had been born. In traditional retail, the products begins form the manufactures form the shipping point to the wholesale house a process that is done by heavy-duty tracks due to the bulkiness of the product. This have created pressure to retailers since their customers are increasing. This is possible since the use of e-commerce employs the use of World Wide Web, which enables millions of people from all corners of the world to have a glance at the products under sales. There are three types of case studies that can be conducted with each having its own resolution. Supplier will automatically incur high cost in traditional commerce due to the fact they can’t submit their bids electronically a factor that help them incur low cost of supplying goods. 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