How will online exchanges like PartsBase improve the way companies run their businesses?
For an excellent primer on the benefits of an online exchange, please read the following article: http://www.informationweek.com/788/marketplace.htm Go To Top 11. How would you compare ‘neutral’ sites such as PartBase.com to sites owned by buyers and suppliers? Emerging within our marketplace are three types of exchanges, buy-side, supply-side and neutral portals. From a comparison point-of-view, functionality will probably be the same, with some slight differences. The key differences will be centered around the fact that the buy and sell side portals are motivated by different metrics. In both of those cases, their core competency is either selling or consuming material. The independent portals’ motivation is centered on community, richness, global reach and functionality. The advantages and disadvantages are somewhat clear. The buy and supply portals will attempt to drive certain behaviors from their exchanges to assist and support their core brick and mortar business. Internally fo
