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Unformatted text preview: s anywhere in the
world, and e-procurement marketplaces provide a valuable method for increasing the
access to these new potential supply sources. These marketplaces and exchanges initially focused mostly on indirect materials and
support services, since they were arguably the items that are critical to a business and least
risky to buy through these new methods. However, there has been a rapid expansion of
categories that are covered, and now just about anything a business needs, including critical
raw materials, components, subassemblies, and even basic commodities such as fuel and
agricultural products can be bought using horizontal or vertical exchanges.
In most major categories of goods and services, and in most major industries, multiple
marketplaces or exchanges now exist. The “land grab” in business-to-business ecommerce has largely been completed, with dot-coms having obtained venture capital
financing, recruited leading industry and category experts, locked up the best Internet
addresses, and established...
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This test prep was uploaded on 04/01/2014 for the course INDE 6370 taught by Professor Staff during the Spring '08 term at University of Houston.
- Spring '08