1. E-MarketplaceE-Marketplace
AuctionsAuctions
By:cindymauiBy:cindymaui

2. Ex. of Company-Ex. of Company-
Centric ECCentric EC
 A company auctions excessA company auctions excess
inventory on their Web site.inventory on their Web site.
 A group of companiesA group of companies
purchase office suppliespurchase office supplies
from a consolidated onlinefrom a consolidated online
catalog.catalog.
 A company sells excessA company sells excess
inventory on their Web siteinventory on their Web site..

3. Web-based reverseWeb-based reverse
AuctionAuction
 Prepare and post projectPrepare and post project
information, identify andinformation, identify and
approach suppliers, bidsapproach suppliers, bids
are created andare created and
submitted, bidssubmitted, bids
evaluated and awarded.evaluated and awarded.

4. Private B2B E-Private B2B E-
marketplacemarketplace
 Company ABC sellsCompany ABC sells
machine parts to theirmachine parts to their
20 customers on their20 customers on their
Web siteWeb site

5. Goal ofGoal of
ProcurementProcurement
ManagementManagement
 Streamline the purchasingStreamline the purchasing
processprocess
 Increase purchase agentIncrease purchase agent
productivityproductivity
 Minimize human errorsMinimize human errors

6. Benefit of Internet-Benefit of Internet-
based XML overbased XML over
traditional EDItraditional EDI
 Greater access to smallGreater access to small
businessesbusinesses
 Enhanced capabilitiesEnhanced capabilities
 Can completely or partialCan completely or partial
replaced old EDI systemsreplaced old EDI systems

7. Three Functions ofThree Functions of
a marketa market
 Matching buyers andMatching buyers and
sellerssellers
 FacilitatingFacilitating
transactionstransactions
 InstitutionalInstitutional
infrastructureinfrastructure

8. MarketspaceMarketspace
 In a market space,In a market space,
some goods can besome goods can be
digitized.digitized.
 Intermediaries help toIntermediaries help to
decrease contractingdecrease contracting
risk in market spaces.risk in market spaces.