Usable in any sector: Business, government, academic, non-profit Based on Internet technologies: Standards-based, off-the-shelf products No proprietary solutions Variety of connectivity, speed: Dial, DSL, ISDN, and 56 KB ? T3 Available globally: North America: Canada, Mexico, U.S. Africa, Asia, Australia, Europe, South America ANX? Characteristics ANX? ? Covisint Relationship Similarities: Funded, endorsed, guided by Big 3 OEMs Spun-off as separate for-profit companies But different meanings of “exchange” Complementary Roles: ANX? ? network service infrastructure Covisint ? e-business processes, applications Synergy: ANX? enables faster Covisint roll-out to 700+ TPs Covisint is an ANX? customer, with 2 connections E.Procurement Common Terms E Business- Buying, selling transacting or exchanging information via Internet with customers, suppliers, employees Reaches beyond advertising and marketing, includes core business processes of order entry, purchasing, supply chain, CRM E Commerce - Transaction-oriented Web based functions such as placing orders, order entry, payments E Procurement- Requesting, Approving, Ordering, Receiving, and Payment of goods and services via the Internet Trading Exchanges, Virtual Marketplaces, Portals - Vertical industry focused Web sites for buyers and sellers to make offers to buy and sell, conduct transactions. Dot Com’s Marketplace Trends Electronic Commerce Suppliers Bombarded with info Why companies are considering e-procurement Buyers Software vendors push their products Magazine and news coverage abounds Costs too high Volume not leveraged Significant accounts payable effort Users buying at retail Processes are inefficient Approvals take days or weeks Users are wasting time 85% of purchasing time spent managing orders Too much re-keying and errors Not leveraging new technologies Their competition is doing it Their intranet is under-utilized They have multiple home-grown systems ERP implementations are winding down Information
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