The rapid advancement of technology and of Internet commerce in a globalized market has brought change at an unprecedented rate. This book focuses on the most significant developments taking place in the market, their impact on the accounting and finance function, the new efficient logistics solutions, and how new technology effects commerce. Based on an extensive research project in the US, Britain, Germany, France, Austria, Switzerland, and Sweden, The Internet Supply Chain explains what can be expected in business opportunities and in cost savings from selling and purchasing through the internet. The author goes on to suggest how accounting and logistics will need to be restructured to cope with, and make the most of the challenges and benefits presented by the Internet supply chain.
Author(s): Dimitris N. Chorafas
Year: 2001
Language: English
Pages: 322
Cover......Page 1
Contents......Page 6
List of Tables......Page 11
List of Figures......Page 12
Preface......Page 15
Acknowledgements......Page 20
List of Abbreviations......Page 21
PART 1 DEVELOPMENTS IN THE GLOBAL ECONOMY WHICH AFFECT OUR DAILY BUSINESS......Page 24
1 Introduction......Page 26
2 The role of senior executives in the management of change......Page 27
3 The evolution of characteristic technology beyond the year 2000......Page 33
4 Overcoming disadvantages of scale and answering the need for critical supporting services......Page 36
5 Business practices, internal control, and the upkeep of management culture......Page 42
6 The regulators' verdict: internal control can significantly strengthen the practice of management......Page 45
7 The supervisory authorities emphasise the importance of a company's auditing programme......Page 48
1 Introduction......Page 52
2 The far-reaching effects of technology on the new economy......Page 53
3 Impact of Internet technology on the evolving competitive landscape......Page 59
4 Cost estimates with Internet commerce: reality or fantasy?......Page 62
5 Broadband networks, Internet commerce and nomadic computing......Page 64
6 A businessman's view of the Internet and of the management of change......Page 68
7 Investments in technology which espouse the viewpoint of alert businessmen......Page 70
1 Introduction......Page 74
2 Basic notions underpinning the importance of the supply chain in the new economy......Page 76
3 The automobile industry is re-inventing itself and this has global consequences......Page 80
4 COVISINT: the biggest supply chain on the Internet (GM, Ford, DaimlerChrysler, Renault-Nissan)......Page 84
5 Taking the proverbial long hard look at the Internet supply chain......Page 88
6 Learning from the difficulties the COVISINT partnership is going through......Page 90
7 Cost control means a better bottom line, but also requires challenging the obvious......Page 93
1 Introduction......Page 96
2 General Electric's example: a lone wolf strategy in Internet commerce......Page 98
3 Internet auctions and the notion of trespassing on the web......Page 101
4 Dynamic pricing through B2B and B2C and intrinsic time......Page 106
5 Hidden costs associated with Internet commerce......Page 110
6 Congestion problems of Internet commerce and trucking service exchanges......Page 112
7 If truck-based home deliveries are part of the problem, what is the solution?......Page 116
1 Introduction......Page 120
2 The changing concept of financial services because of Internet banking......Page 121
3 Risks associated with factors driving Internet banking services, and the Wingspan.com debacle......Page 125
4 An example from Citigroup: positioning our bank against the forces of the twenty-first century......Page 130
5 Exploiting the level of business opportunity in online asset management......Page 134
6 The regulators see to it that money does not become obsolete......Page 137
7 Privacy and security considerations weigh heavily on Internet banking......Page 139
8 Controlling Internet crime: is it possible?......Page 143
1 Introduction......Page 146
2 The making of a dynamic organisation and its structure......Page 147
3 Organisational prerequisites, relationship strategies and technology......Page 152
4 The impact of management culture on an effective internal control system......Page 155
5 The importance of a marketing organisation and its information technology support......Page 158
6 Cisco: a case study on marketing in the Internet supply chain......Page 162
7 Introducing smart technology into the supply chain......Page 165
8 Organisational prerequisites for identification in the physical and logical world......Page 168
PART 2 THE CHANGING RESPONSIBILITIES OF SENIOR MANAGEMENT IN A MODERN FIRM......Page 172
1 Introduction......Page 174
2 Old Economy Taxes, Internet Taxes, And Conflicts of Interest......Page 177
3 Tax accounting is not an exact science, whether in one country or in the global market......Page 180
4 The search for an equitable and effective basis of taxation......Page 183
5 Basic concepts in taxing Internet commerce: sales taxes and stable establishment......Page 187
6 Internet commerce calls for thoroughly revamping what is and what is not a sound taxation practice......Page 190
7 Can Internet taxes capitalise on national and international tax loopholes?......Page 195
1 Introduction......Page 198
2 Product lead times, cost efficiency and management effectiveness......Page 199
3 Supply chain relationships and realistic trade-offs......Page 203
4 Why senior management should care about agency costs......Page 205
5 Senior management and the legal risks facing the company......Page 211
6 Transparency is the direct responsibility of the Chief Executive Officer......Page 214
7 A case study with Wal-Mart documents that retail is detail......Page 217
1 Introduction......Page 222
2 In the most general sense, logistics is the art of computing......Page 223
3 Is modern logistics an art or a science?......Page 227
4 Logistics, virtual companies and Internet commerce......Page 232
5 Challenges posed by inventorying corporate knowledge......Page 237
6 Warehousing policies, inventory control and massive data sets......Page 241
7 Why sophisticated logistics solutions mean market clout......Page 245
1 Introduction......Page 250
2 Accounting practices, data filtration and dynamic patterning......Page 251
3 The message conveyed by a pattern of real-time financial data......Page 256
4 Better accounting procedures require simulation at the enduser end......Page 259
5 Steps in developing a better approach to pattern recognition......Page 263
6 Market data filters are a prerequisite to sound management practice......Page 266
1 Introduction......Page 271
2 The effects of insecurity on electronic commerce......Page 272
3 An effective solution to security needs skill and understanding......Page 276
4 The regulators address the challenge of improving personal privacy......Page 279
5 The conflict between personal privacy and security......Page 282
6 Digital signatures and digital certificates......Page 285
7 Rules, regulations and conflicting laws governing digital signatures......Page 287
Appendix of Participating Organisations......Page 292
B......Page 314
D......Page 315
G......Page 316
I......Page 317
M......Page 318
R......Page 319
S......Page 320
Z......Page 321
