The data moves as fast as the Internet. I didn't have to leave the office or take a day off to go to an auction. I could also talk things over with my sons, who help run the business, and we could make group decisions. General Motors' TradeXchange General Motors' TradeXchange is a virtual community on the Internet for GM, its suppliers and other businesses. The Web site is designed to streamline the purchasing process for suppliers, dealers and eventually, other businesses that participate in the program.
Suppliers can access the Web site and browse catalogues from other suppliers.
They can compare prices and place orders. They can also get online updates of orders they've placed.