Project Deliverable 2: Business Requirements

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Project Deliverable 1: Project Plan Inception

E-commerce Startup company

Opportunity

E-commerce is growing rapidly all over the world. The e-commerce business has come to solve the problem of manufacturers and merchants. It is estimated that internet-based firms and companies have an average rate of returns of about 9%. Online transactions and businesses require physical goods, processing goods, shipping the goods, and processing the payments for goods delivered. The above processes can prove to be a vast tussle to any online business. Both the merchants and manufacturers need to have a system or a company that is taking care of this extra work that comes with online transaction

Solution

The e-commerce company will position itself strategically between manufacturers, web hosting companies, online payments companies, credit cards, and payments agencies such as banks, online buyers, and finally, online merchants. The proposed online system will work to ensure that workers. The system will be user friendly and accessible using various devices and platform available in the market. The functionality of the system, user-friendliness, ease of doing business, and limited charges of importing and exporting for merchants and customers will indeed prove to be the best e-commerce website in the market. The system will provide a win-win solution to all business partners and parties involved.

Markets

The e-commerce numbers are rising now and then with the growth of technology and mobile phone users. The report done in 2019 shows an estimate of 2 billion used online. In the same period, e-retail sales passed the 3.5 trillion-dollar mark. Internet buyers and sellers choose from various platforms. The market will be vast for our website will be accessible all over the world. The company will partner with international delivery companies and Airlines to ensure that our products are distributed to our clients in other countries and continents.

Company Information System

Both hardware and software are a crucial system requirement for an excellent e-commerce system. The system should be able to handle transactions. The technical condition of an e-commerce system requirements should consider traffic the system expects to run, storage capacity, database, and hardware server. To fully get the hardware system requirement, one will have to ask himself various questions: RAM and CPU expected usage, the number of users expected on the website, and the expected growth of the system.

Another consideration to make when choosing the sever to buy is the number of API integration connected with the system. This will also increase the workload and affect the server performance of the system. Ecommerce websites and networks work best in relational databases rather than using document databases. Examples of databases used by the course include MYSQL, MS SQL, Oracle database system, and IBM Informix. The differences between the above database are the owners and providers. Some are open source like MYSQL, while others have to pay to use them like IBM Informix.

The security of data should also be considered when choosing the database model to use. The company will have to use a model with scalability for the company users will double in a short time. The online presence and traffic will exponentially grow as marketing continues. The security of the system should be taken care of by the company hosting the course. The best model for the system would be a hybrid. some system functionalities should be hosted by the company while other services should be taken care of by the cloud providers . Hybrid systems are cost-effective and also easily manageable.

References

Appedology (2020).Hardware And Software Requirements for E-Commerce Websites. Retrieved from https://appedology.com/hardware-and-software-requirements-for-e-commerce-websites/#:~:text=Hardware%20For%20E-Commerce%3A,CPU%3A%20Quad%202GHz%2B%20CPU.

John Linatoc (2020). Build an Ecommerce Database Schema. Retrieved from https://medium.com/@johnwadelinatoc/build-an-ecommerce-database-schema-3b5e04b4f8b6