Manufacturing Industry
EXCHANGE FOR THE BETTER?(online trading exchanges)
Industry Week, August, 2000 by STEVENS, TIM
TRADING EXCHANGES PROMISE TO STREAMLINE BUSINESS AND REDUCE WASTE ACROSS AN ENTIRE VALUE CHAIN. BUT CAN THE PROMISE BE KEPT?
In May, Hewlett-Packard Co., Compaq Computer Corp., Gateway Inc., and nine other high-tech OEMs, suppliers, and distributors launched an independent company to provide services for themselves and other industry players. This new company is called a trading exchange, a B2B electronic marketplace that allows multiple buyers and sellers to carry out sales and procurement activities using common, industry-wide computer systems accessed over the Internet. Initially the exchange will focus on reducing transaction costs between participants. Ultimately it will support collaborative product development and serve as a supply-chain central nervous...
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