FreeMarkets By Nikida Mc Sween.

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Presentation transcript:

FreeMarkets By Nikida Mc Sween

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

Success Stories New Line Cinema British Airways 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.

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

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.

Question 2 Reduction of cost of products. Increase in suppliers. 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.

Question 3 Facilitates faster, more effective communication. 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.

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.

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.

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