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Vol 28 - No 10 - December 2002/January 2003

The Ultimate In E-Business: Straight-Through Processing

The road to creating intelligent e-Business networks started with the humble fax machine. Through email, EDI, and Extranets the route has now reached a state referred to as 'intelligent commerce' (a form of trading that may or may not use intelligent software agents). The aim is to improve planning and decision making across all the key business processes - a very much more sophisticated version of business process re-engineering than that envisaged in the early phases of that concept in the 1990s.

E-business can range from electronic funds transfer (EFT); electronic data interchange (EDI), which is still an important part of the supply chain management; electronic point of sale (EPOS) transactions, with which we are all familiar with in our local supermarket; to the web-based industry-wide and/or sector arrangements to deal with synchronised supply chain management. The network has now replaced the chain as the supply metaphor.


Page number: 23
Word count: 2900

Related Topics:
Business process re-engineering
Ecommerce
Process control

 

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