In fragmented marketplaces, there are many buyers and sellers, and in between, lots of confusion. An e-marketplace brings these buyers and sellers together in a more organized, coherent and efficient fashion. By the third quarter of 2000, it had helped facilitate the sale of more than 600,000 head of cattle, up 85 percent from the first quarter. The value eMerge is bringing to ranchers, meat producers and packagers, and potentially end customers, is enormous. Concentrated marketplaces are where there's just one or a few major buyers or suppliers that control what goes on in that market.
Progress is much slower, for a couple of reasons.
The industries have more complex supply chains and distribution channels, plus there also are significant behavioral changes that need to occur. That's probably the hardest challenge. Now is a time to be aggressive. Look within your organization and evaluate each and every one of your processes. Once you create new business processes, then select the appropriate technology to run them.