ERP and EDI have gained tremendous importance as the world is gearing itself towards strong business process integration. And time is near for the paper-based business to give Way to electronic business when suppliers and customers will transact electronically. Once isolated economies are now slowly integrating into a global village. To offer at lower and lower prices, cost saving, cost cutting is essential. In many cases online prices will be lower than what consumers find elsewhere.
Consumers already find huge bargains on air travel on the net.
In some cases prices are down to half. How all of this is possible is because the customer and the supplier are now becoming easily accessible through the net. It has no warehouses. It only routes book orders directly to distributors and delivers a book at a price that is much less that what a regular books stores can offer. Law firms can access specific sections on the Net instead of buying endless volumes of legal references.