These marketplaces and exchanges initially focused

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

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.

Ask a homework question - tutors are online