E business concepts Explain the overall benefits of eCommerce and how e-commerce can help reduce production cycle times. Give specific examples of companies and how this has worked. 3000 words Some...

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E business concepts Explain the overall benefits of eCommerce and how e-commerce can help reduce production cycle times. Give specific examples of companies and how this has worked. 3000 words Some e-procurement tools and applications include: electronic systems to support traditional procurement EDI (electronic data interchange) ERP systems internet as a support or complement to traditional procurement electronic mail (e-mail) web enabled EDI extensible markup language (XML) world wide web (www) internet tools and platforms that replace traditional procurement - all of these tools can reduce production cycle times and produce optimum benefits. Please explain how!