In the recent past, e-Hubs have been flourishing, either in the form of public marketplaces or private exchange platforms within enterprises. e-Hubs have been used in a wide range of industry sectors(e.g. shipping and Trucking, Warehousing, Perishable Goods, Chemicals, Travel Entertainment, Real Estate, Insurance Services, Manufacturing, Financial Services, and Media).
eHubs have clearly demonstrated their power as a real-time, global distribution marketplace by dissolving the constraints of time and geography and made it possible for buyers, Business-to-Business and Business-to-Consumers to become more fully engaged.
Below are some of the examples:
- According to the ITNET(URL1), the e-procurement contract using in-Trade software is worth up to £1.6 million over three Infobank's years
- Biotech analytics has won orders worth over £500000 since the e-Hub went live on 27 November 2000
- Companies like Ariba Chemdex, Commerce One, Free-Markets, Internet Capital Group, and SciQuest.com have gained large amount of capital from stock markets
- e-Steel.com serves the $700 billion global steel industry Its e-commerce solution Website unites buyers and sellers and provides an array of resources for sales and purchasing professionals through out the steel value chain. Nearly 3000 companies, from 90 countries have become members of e-STEEL, representing all of the key segments of the steel value chain
e-Hubs create value by aggregating buyers and sellers, creating marketplace liquidity, and reducing transaction costs and time, e-Hubs are changing traditional business transactions and the relationships between enterprises by integrating the supply and demand of an enterprise with its customers, suppliers and partners, and automating business trans actions and information sharing, They create unprecedented levels of market transparency and lower the cost of transactions, Furthermore, industry users are able to liquidate their service products, establish exchange networks, and operations with their demand and supply to build use e-Hubs product life-cycle. customers together and chains number of suppliers and players By bringing a large between these facilitating transaction and are able
- configure a multi-channel sell-side solution.It enables a company t market and sell more inventories to existing customers and to establish new customer relationships by connecting to e-marketplaces and portals. e allow companies to control and manage all of its sales channels from a single interface
- Reduce costs significantly due to the enhanced contract pricing lever. ages during supplier negotiations, transactions, and product development such as reducing paperwork, travelling costs, and inventory costs, allowing multiple sales, and integrating and consolidating payment.
- Increase market transparency as customers and suppliers can track and monitor the whole transaction process, profile their purchases and customers and administration of contracts and authorizations. Facilitate the supply chains among enterprises to speed time-to-market through collaboration with suppliers and customers. Steps required for design, execution, prototyping, and changes become workflows in which information is shared seamlessly with partners to create the right design in a shorter period with a quicker ramp to high-volume manufacturing.
- Coordinate logistics and capital management with the business and process.