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FreeMarkets

FreeMarkets . By Nikida Mc Sween. Summary. FreeMarkets began in 1995 FreeMarket merge with Ariba Partners include:. Success Stories. New Line Cinema Posting available assets online. Increasing sales. British Airways Increase in orders through Ariba buyers.

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FreeMarkets

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  1. FreeMarkets By Nikida Mc Sween

  2. Summary FreeMarkets began in 1995 FreeMarket merge with Ariba Partners include:

  3. Success Stories • New Line Cinema • Posting available assets online. • Increasing sales. • British Airways • Increase in orders through Ariba buyers. • Employee productivity improved by 48%. • 80% of purchases now processed electronically.

  4. Success Stories cont’d • Usinternetworking inc. • Distribution is made easier. • Purchasing is more convenient.

  5. Questions 1 • Enter freemarkets.com and explore the current activities of the company. What activities FreeMarkets offers to its customers. • Online auctions for buyers to conduct strategic purchasing and suppliers to bid on business opportunities of goods and services.

  6. Question 2 • Look at six customer success stories (three for sourcing and three for supplying and asset recovery) at the company’s Web site. What common elements can you find? • Reduction of cost of products. • Increase in suppliers. • FreeMarkets onsite auctions. • Achievements of goals. • Purchases more convenient.

  7. Question 3 • Identify additional services provided by the company to support procurement (sourcing). • Facilitates faster, more effective communication. • Contains information about material and services. • Creates access to best practice, projects and events.

  8. Question 4 • Compare the use of freemarkets.com with the option of building your own auction site. • FreeMarkets provides numerous ideas and solutions for companies to increase their competitive advantages • My auction site wouldn’t be as verse as freemarkets it would be comprise mainly of products for selling and buying online.

  9. Question 5 • Compare FreeMarkets auctions with those conducted on ebay. • E-bay mainly sells and buys products and advertise other products for companies. • FreeMarkets do the same but they deliver solutions to customers and suppliers of company’s online B2B marketplace.

  10. Ariba Spend Management Solutions • Help organizations overcome challenges • Can help you accelerate your organization's journey

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