Category Archives: E-Commerce

Counterfeit Mobile Accessories Increasing in Number

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Jakarta, LTMsportnesia The government of LTMsportnesia has admitted to have loopholes in its security. The demographic location of the country makes it hard for the authority to seal and guard more than 17,000 islands from fraudsters who are illegally transporting fake products in and out of the country. Counterfeit medicines, illegal drugs and gadgets have the highest number of fakes. The latter of which have been too dominant and mainstream that it can be found in the streets of the suburbs of the capital, lined side by side on the pavement, with policemen seemingly oblivious of the haggle of the vendors and passersby. It has already been an accepted fact in the country to have those kinds of products scattered around and the authorities neither tolerate nor discourage the people anymore.

Warnings continue to be carried on, though, by international organizations. Along with legitimate manufacturing companies, raids are being operated and thousands of fraudsters have been caught red handed.

The Peterson Group, a Taiwan-based company which distribute mobile phone accessories and laptop accessories across Asia noted that the international commerce sector has tightened their licensing programs and inspection process to carry out more operations and jail few more thousands fraudsters.

In Singapore, two men were arrested last August 21 for their suspected involvement in the wholesale distribution of counterfeit mobile phone accessories. The Criminal Investigation Department (CID) has arrested men aged 24 and 53 who refused to give their names in the media. In total, about 76,200 pieces of trademark-infringing accessories such as phone casings, batteries, power banks, screen protectors, headphones, Bluetooth receivers, speakers and power adapters – with an estimated street value of about S$941,000 – were seized.

The authorities are considering taking serious views on intellectual property rights for the infringement and will not hesitate in punishing the two if found guilty. The problem though is that both of them do not want to divulge the other members of their party who deal with them in selling counterfeited accessories. Investigations are still ongoing.

A key way of ensuring safety and quality is to only buy mobile phone accessories from a registered manufacturer and trusted retailer and having confidence that those accessories are genuine and have been tested to ensure they are safe for users, which includes testing to ensure they meet national and international standards.

Consumers are advised to be more cautious of buying these products as it can be harmful and dangerous after few times of usage.

Benefits of e-Commerce Website Design

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In this era of technological advancement an increasing number of people prefer to do business transactions via internet. More and more businesses hire a company to design and develop e-commerce websites, considered a vital aspect in the process of using the internet to help increase sales of their respective products and services. As a result, e-commerce websites have become indispensable, as most commercial enterprises have their own e-commerce websites through which the organizations interact with their customers in addition to selling their products and services.

It is imperative to take into account certain factors that influence e-commerce website design. Appropriate images and pictures should be utilized in order to make the e-commerce website visually appealing. Making a good impression and grabbing the customers attention depends on the design and layout of the website. It is important to maintain a professional look which is also user friendly and not complex. Including a search engine and advanced filters would ensure that customers will have access to the product easily. Keeping your site uncluttered and navigable is essential in order to enable the visitors to obtain the necessary products and information.

Generally, a customer does not like to spend more than 30 seconds in the process of evaluating a website. Therefore, it is important that the customer gets the information he or she is searching for within that time. As a result it is possible that they would explore the website ultimately making a purchase. An effective e-commerce website therefore, must be able to give a business this advantage over others.

A merchant account that accepts all types of credit cards is essential for the success of an e-commerce website. Install a secure server and a reliable payment getaway to ensure that the customers information is safeguarded and verified at the same time. For this purpose, use companies that offer SSL certificates.

E-commerce websites help create new business opportunities with potential customers, potential business associates and new product manufacturers. Customers who initially did not know you existed will know about you, and other businesses will approach you about partnership opportunities.

Another benefit of an e-commerce site is that it gives you the ability to possess unlimited store hours, providing your customers 24 hours a day, 7 days a week access to shop and buy products and services from you. In addition, brand or product awareness will increase as you will be able to reach out to millions of consumers all over the world.

Key factors that affect the success of an M&A

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The cost of capital is low and your company made it through the recession. Now may seem like a good time to buy but youre scared off by the high business mergers and acquisitions failure rate. Studies conducted in the late 1900s and early 2000s show that M&A failure rate hovered around 70%.

However, recent results project an upward trend. According to Bain & Co, only 30% of M&As underperform, down from 50% of previous years. While the science of predicting the success (or failure) of M&A may seem hypothetical, there seem to be factors that hinder or help M&A.

Integration program

Budgets and people dont integrate themselves. Before the deal closes, its important to have a detailed integration plan that covers all facets of the organization. Moreover, first steps towards integration should be taken before the ink dries. Combining synergies on paper is easier than doing so in practice, but cultivating and maintaining processes should smooth the transition.

Target sighting and metrics

M&As with synergy targets and metrics in place have a better chance at succeeding. Collecting, analyzing, and presenting data on a regular basis lets the board know if the unit is growing according to plan or if actions need to be taken to correct missteps, should growth plateau or slow.

Maintaining business intelligence

Loss of key people has a definite impact on the future performance of the merged entity. Its important that new organizational structure and leadership is set early in the integration process to prevent business intelligence from literally walking out the door.

Protect your base business

While its important to have a smooth transition process, getting work done should still be top priority. Management shouldnt be distracted by M&A activity. They should be vigilant against competitors who may try to take advantage of the flurry of activity and present a unified front to customers despite gaps in the integration.

Lack of due diligence

Performing proper due diligence can unearth factors such as pending law suits, outstanding tax debt, and extreme vulnerability to litigation that can dissuade a potential buyer. A thorough background check can protect your base business and can save you time and money.

Relative Size

A significant difference in size between the acquiring and target company has been found to be a factor in poor acquisition performance. M&A can flounder if the divested company is too large to manage or if smaller acquisitions dont receive the time and attention they required.

Cultural Differences

Salient differences in corporate culture is another factor that can hamper the chance for success. When a company is acquired, the decision is typically based on product or market synergies, “soft factors” that can be overlooked with the assumption that personnel issues can be overcome. While cherished aspects of a work environment may seem petty compared to the bottom line, their removal may result in resentment, productivity decrease and loss of key employees.

Business Merger and Acquisition Experience

While previous M&A experience is not a necessary requirement for success, it does help when detecting red flags and creating and implementing a better integration plan. If this is your first M&A, seek the advise of expertise of knowledgable professionals.

Proformative.com is a free, open and independent community of corporate finance, accounting, treasury and related professionals that offers a wealth of expert advice, information and accounting resources . Finance forums like Proformative allow you to learn about M&A and other relevant issues important to finance, accounting, and treasury experts.

AVS Technology Breaks Iron Triangle of Good Fast and Cheap

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by Anthony W. Hawks, Chief Legal Officer, e-LYNXX Corporation

AVS Technology is the basic procedural component of any automated solution for buying custom goods and services that must be defined by production or performance specifications at the time of purchase. It includes the following steps:
ENTER vendor attributes
ENTER project specifications
MATCH vendor attributes to project specifications to determine sub-set of qualified vendors
SEND project specifications to sub-set of qualified vendors
RECEIVE a bid response from at least one vendor

When these steps are applied using a computer-operated system, a unique competitive bidding environment can be established where vendors of custom goods and services are now willing to offer their lowest prices to fill idle production capacity. This strategy is called “contribution pricing”. When vendors bid work (even when bidding well below normal rates), any income obtained above out-of-pocket costs “contributes” to fixed costs and overhead and, when absorbed, to their bottom lines.

Prior to AVS Technology, buyers of custom goods and services were faced with the “iron triangle” of quality, timeliness, and cost. Regardless of the industry involved, every procurement or supply chain solution seeks to attract business customers that want to achieve the purchasing trifecta of “good, fast, and cheap.” Before AVS Technology, however, a buyer could only achieve two of these three goals at any one time, not all three simultaneously.

AVS Technology breaks the “iron triangle” because it allows pre-qualified vendors with excess idle capacity to provide an extraordinary low price without risk of establishing future buyer price expectations. In other words, price is no longer tied to quality and timeliness of delivery. This is what makes AVS Technology integral to all current and future e-commerce methods and systems for buying custom goods and services including ERP systems, general supply chain management systems, specialized product or service procurement systems, and even older legacy systems. One such system for organizations with significant buying needs in direct mail, marketing, publications, packaging, labeling and other types of print is currently being offered by American Print Management. Regardless of the industry or buying need, however, all users and providers of such e-commerce methods or systems are required to license AVS Technology if they wish to benefit from this revolutionary innovation.

AVS Technology is unique in creating a controlled bidding environment in which repetitive purchasers of custom goods and services can leverage the open production capacity of their preferred vendors in a way that virtually guarantees “contribution pricing” that is, below normal pricing that seeks primarily to absorb out-of-pocket costs and some level of fixed costs and overhead. This is accomplished by allowing qualified vendors to bid high, low, or not at all (1) without having to consider buyer pricing expectations; (2) without fear of setting either high or low precedent for future bid prices; and (3) without worrying about being denied future bid opportunities for which the vendor is qualified. Freed from these concerns, bidders offer pricing based on their open production capacity at the time each job is bid, knowing that if they bid low this week when they are hungry for work, they are not bound to offer the same low price next week when they are busy with other orders.

The technology is based on a series of patents that the U.S. Patent Office awarded to e-LYNXX Corporation, including Patent No. 6,397,197, Patent No. 7,451,106, post-Bilski Patent No. 7,788,143, and Continuing Application 12/8885,423 (collectively, the “AVS Technology”). This thicket of patents covers all custom goods and services, not just print.

Licensing AVS Technology should be viewed as both a strategic benefit and a legal requirement. Any organization with a computer-operated system that procures custom goods and services, by following the steps outlined in AVS Technology, is required to obtain a license to use (or continue using) the patented procedure protected by AVS Technology. This applies to systems that are developed internally as well as those used through third-party brokers, procurement services and system providers. Organizations should check with their system or service providers to ensure that the system being used is in compliance with AVS Technology licensing requirements.

About e-LYNXX Corporation
e-LYNXX Corporation patented the technology integral to e-commerce. Endorsed by Educational & Institutional Cooperative Purchasing (E&I) and Printing Industries of America (PIA), e-LYNXX drives results through its three divisions. AVS TechnologyTM licenses the patented* automated vendor selection procedure used in e-commerce and procurement systems. American Print Management provides web-based system, services and patented AVS TechnologyTM to reduce substantially the procured costs of direct mail, marketing, publications, packaging, labels and other procured print. Government Print Management offers effective U.S. GPO bid services and strategies. www.e-LYNXX.com 888-876-5432

Choosing OS Commerce vs. Zen Cart Shopping Solution for Web Development

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Today, diverse shopping carts are being used by e-retail outlets to enhance their e-commerce and Web Development activities and offer a unique experience to its customers. There is an exhaustive list of Shopping Carts that include Magento, PrestaShop, CubeCart, OpenCart and StoreSprite. Two of the major open-source Shopping Carts that have attained high popularity in the recent years are OS Commerce and Zen Cart. Many Web Development service providers offer these two Shopping Cart Solutions at a very large scale. However, it is proven that Web Developers do not embrace a single Shopping Cart solution completely, because of the fear of obsolescence or lock-in.

The comparison among OS Commerce and Zen Cart Shopping Cart has taken place by Webmasters at many levels, and this article, by no means, intends to be an extension of the same. This article instead discusses the benefits of both OS Commerce and Zen Cart in a little detail and helps you choose a sound Shopping Cart for your Web Development projects.

Zen Cart Shopping Cart for Efficient Web Development

For efficient Web Development, developers bank on Zen Cart Shopping Cart. Zen is free, extremely user-friendly, an easy-to-install and open-source shopping cart. More than the developers, Zen Cart is a Shopping Cart solution for shoppers. Zen Cart also offers various exclusive features like multiple payment support, varied shipping options, quantity discounts and coupons.

Zen Cart also features multiple customer modes and sales and discounts, unlimited category depth and display modes. It also efficiently supports XHTML template system and offers the liberty to use unlimited extra pages and several ad banners. Many Web Development Companies in India, believe that no Shopping Cart solutions comes as close as Zen when it comes to features and benefits.

OS Commerce for a Strong and Dedicated Shopping Cart

OS Commerce is an open source online shopping cart that offers a wide range of features to online e-commerce stores. Like Zen Cart, OS Commerce also supports multiple currencies and allows the customers to print invoices directly from the order screen. Many Web Development companies vouch for its easy database backup system, and effective Web Development processes.

OS Commerce Shopping Cart features a rich set of functionality that allows e-commerce owners to setup and maintain online stores with minimum efforts and absolutely no costs. Many Web Development, India, firms have Java proficient web developers and are solely dedicated to designing projects in Java language.

Hope this article has been able to provide some help to all those who are yet to decide between Zen and OS Commerce Shopping for their Web Development projects.