LYCOS RETRIEVER 
B2B Auctions
built 217 days ago
Already, B2B alliances are forcing corporations to re-examine procurement and sourcing strategies. This kind of turmoil will help bring the CIO into the corporate boardroom to offer advice on how a firm might counter the potential erosion of profit margins when B2B arrangements help lower costs.
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The continued growth and proliferation of these marketplaces are expected to accelerate B2B eCommerce transactions, which Gartner Group forecasts to be $7.29 trillion by 2004. Ariba will be presenting its views of B2B marketplaces and the digital economy at today's Bank of America Securities Technology Week 2000 conference in San Francisco.
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Web-based B2B auctions have changed that. They offer ideal conditions to operate purchasing alliances. If fully developed, they'll likely lead to a global concentration of purchasing power. When that occurs, it will influence how corporate information technology is run because the alliances will realign the management of global logistics.
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The result: The same crash-and-burn financing cycle that mowed down consumer sites is now decimating B2B exchanges. After running up to stratospheric levels in the first quarter of this year, the typical B2B stock is down by 70% to 90%. And private venture-capital funding is quickly drying up as well.
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By integrating cXML into its website, AFD will be able to leverage its eCommerce investments and maintain differentiation by making its eCommerce capabilities, content and brand presence directly accessible to its customers through Ariba B2B Commerce Services Network. The Ariba solution’s unique cXML "punchout" feature enables a seamless integration between the buying process powered by Ariba’s technology and AFD’s web based sales process, providing a complete end-to-end solution.
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BankServ provides a suite of straight-through online payment services for B2B eCommerce. Auction Broker will incorporate several BankServ solutions into its software, including secure online Automated Clearing House (ACH) Internet checks and funds transfers, online domestic and international wire transfers, online authentication, credit card processing and invoicing services.
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