Slide 13 of 28
Notes:
B2B promise to help organizations run more efficiently. But exchanges are struggling to overcome:
- Buyers and sellers figuring out whats in it for me!
- Technological (e.g. catalogs payment and systems) and
- Supports the variety of services demanded by agencies
- Ability to handle Federal buying rules
Exchanges have down the road benefits including:
- .Significant cuts in procurement cost:
- .Seamless integration with customers and suppliers;
- .Ability to have purchasing data instantly;
- .Elimination of excess inventory; and
- Immediate response to changes in customer purchasing patterns
Est global savings of $1 trillion by 2010 (Boston Consulting Grp)
Global B2B market: $7.3 Trillion, 7% global economy 2004
40 % -$2.7 Trillion of goods & services transacted on e-Marketplaces. Forresters prediction higher, 53%
Exchanges will have a huge impact on the economy, Source: Crimson Consulting Group.