Plus, e-marketplaces enable companies to eliminate geographical barriers, and expand globally to reap profits in new markets that were once out of reach. A collaborative network for product design, supply-chain planning, optimization and fulfillment processes. Industry-wide product information that is aggregated into a common classification and catalog structure. An environment where sourcing, negotiations, and other trading processes such as auctions can take place online and in real time. An online community for publishing and exchanging industry news, information and events.
Every business benefits from an e-marketplace.
To successfully compete in today's digital economy, you need to streamline processes, lower costs, speed your time to market, and eliminate bureaucracy. You need to extend your reach to include new customers in expanded markets, optimize internal buying processes, enhance selling processes, and eliminate most of the administrative costs of traditional or paper-based processing. What's more, you need dynamic, real-time commerce and supply chain collaboration between buyers, suppliers, product designers and commerce service providers. And every business can benefit. How Everyone Benefits e-marketplaces can help all players in every company in all industries.