Currently, barely a week passes by without a press announcement about the intention to initiate or the actual launch of a new B2B eMarketplace or trading exchange.
Often these eMarketplaces are industry specific with competitors joining forces to aggregate their purchasing power, although increasingly, they are operating bothvertically and horizontally.
The level of media exposure recently witnessed is justified by industry analysts who estimate that procurement professionals buying online will rise from around 25%today to 90% by 2002, which they say is driven by savings in both time and money exceeding 70%.eProcurement: Successful Strategies for the eMarketplace aims to provide both a clear understanding as to why there is such anticipated growth and savings to be made in this area and how you can transpose these advantages onto your business and what the associated costs will be.