Media: Out of the valley - Keith Rodgers - They're wanted for procurement FOREIGN Edition

Apparently, though, this impression is wide of the mark. Or at least it is if you listen to Mark Hoffman, chief executive of marketplace developer CommerceOne. He told analysts last week that B2B public marketplaces are starting to deliver results. Working closely with equity partner SAP, the German...

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Bibliographic Details
Published inIndependent (London, England : 1986)
Main Author Rodgers, Keith
Format Newspaper Article
LanguageEnglish
Published London (UK) Independent Digital News & Media 22.07.2001
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Rodgers, Keith
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Summary:Apparently, though, this impression is wide of the mark. Or at least it is if you listen to Mark Hoffman, chief executive of marketplace developer CommerceOne. He told analysts last week that B2B public marketplaces are starting to deliver results. Working closely with equity partner SAP, the German software giant, CommerceOne is behind several internet exchanges where costs are being driven down. Boeing, for example, cut its procurement costs by 10 per cent through a recent reverse auction over the internet, and has slashed its purchasing process from weeks to hours. DaimlerChrysler recently conducted $3bn of trades over four days through Covisint, an exchange run in partnership with General Motors and Ford. And earlier this month, Ford said it had reaped procurement savings of $70m through Covisint in 2000.
ISSN:0951-9467