E marketplace:My first Presentation
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This document discusses different types of e-marketplaces, including company-centric marketplaces where a company auctions excess inventory on their website, private B2B marketplaces where a group of companies purchase supplies online, and web-based reverse auctions where suppliers bid on projects. It also describes the goals of procurement management to streamline purchasing and reduce errors, and how internet-based XML can provide enhanced capabilities and access to small businesses over traditional EDI. Finally, it outlines the key functions of a market as matching buyers and sellers, facilitating transactions, and providing institutional infrastructure to support exchange.
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- 2. Ex. of Company-Ex. of Company- Centric ECCentric EC A company auctions excessA company auctions excess inventory on their Web site.inventory on their Web site. A group of companiesA group of companies purchase office suppliespurchase office supplies from a consolidated onlinefrom a consolidated online catalog.catalog. A company sells excessA company sells excess inventory on their Web siteinventory on their Web site..
- 3. Web-based reverseWeb-based reverse AuctionAuction Prepare and post projectPrepare and post project information, identify andinformation, identify and approach suppliers, bidsapproach suppliers, bids are created andare created and submitted, bidssubmitted, bids evaluated and awarded.evaluated and awarded.
- 4. Private B2B E-Private B2B E- marketplacemarketplace Company ABC sellsCompany ABC sells machine parts to theirmachine parts to their 20 customers on their20 customers on their Web siteWeb site
- 5. Goal ofGoal of ProcurementProcurement ManagementManagement Streamline the purchasingStreamline the purchasing processprocess Increase purchase agentIncrease purchase agent productivityproductivity Minimize human errorsMinimize human errors
- 6. Benefit of Internet-Benefit of Internet- based XML overbased XML over traditional EDItraditional EDI Greater access to smallGreater access to small businessesbusinesses Enhanced capabilitiesEnhanced capabilities Can completely or partialCan completely or partial replaced old EDI systemsreplaced old EDI systems
- 7. Three Functions ofThree Functions of a marketa market Matching buyers andMatching buyers and sellerssellers FacilitatingFacilitating transactionstransactions InstitutionalInstitutional infrastructureinfrastructure
- 8. MarketspaceMarketspace In a market space,In a market space, some goods can besome goods can be digitized.digitized. Intermediaries help toIntermediaries help to decrease contractingdecrease contracting risk in market spaces.risk in market spaces.