Last week, our CEO Colin Brown was in attendance at the 2010 eCommerce Expo at the Olympia in London, UK. The show had an incredible turn out and we had the opportunity meet and speak with a number of new potential partners. In addition, we had the chance to meet face-to-face with a few of our friends that we’re already working with:
Real-time processing implies that processing of data happens upon the completion of an event (request for data for example) and is immediately handed off to the next system that processes immediately and so on. Here, I’m mainly referring to the flow of information through the supply chain and the speed at which that information travels, which helps orchestrate the flow of materials and resources. Access to information in real-time provides business intelligence that allows decisions to be made about any changes that may be needed for the orchestration.
An example always helps so let’s look at something I come across at least a few times a month:
Taxes. What can I say about taxes that we don’t already know, other than not paying them can land you in jail; just ask Al Capone.
Just because you have an E-Commerce business and not a bricks-and-mortar store doesn’t mean you’re exempt from collecting and remitting state and county taxes. Bricks-and-mortar retailers claim an unfair advantage of internet retailers and state and county governments are losing billions of dollars in lost tax dollars.
In 1992, North Dakota sued Quill Office Products for use taxes on products purchased by North Dakota residents.