Share
Explore BrainMass

IBM: Private Exchange/Consortia Based E-Marketplace

According to Boll Paulk, IBM's vice president of e-marketplaces. "IBM has saved about $1.7 billion since 1993 by being able to divulge sensitive price and inventory information over a private exchange built for 25,000 suppliers and customers." As the host of the exchange, the company helped defray the cost of connecting suppliers. The payoff: On-time delivery to customers soared from about 50 percent to close to 90 percent. "which helped justify the cost," Paulk says. In 1999, IBM invested in E3open, a consortia-based e-marketplace for the electronics industry. Why do you think IBM needs both a private exchange and a consortia based e-marketplace?

Solution Preview

IBM needs both a private exchange and a consortia based e-marketplace because they serve different purposes. The private exchange IBM and its suppliers worked ...

Solution Summary

This solution disusses why IBM needs both a private exchange and a consortia based e-marketplace.

$2.19