ESS - The Private Exchange Concept
The Enterprise Sourcing Solution is a single, powerful platform for all B2B relationships, including public e-markets and private linkages to suppliers. It is a Web-based trading network where you can control participation and still reap the benefits of collaboration with multiple partners including customers and suppliers. The private exchange helps you control the trading partners you wish to deal with and the internal data accessible to them. This level of control can help you safeguard proprietary information, protect your existing investments and simplify operations.
The private exchange can help a company create the infrastructure needed to take advantage of collaborative planning, forecasting and replenishment across your entire network of public, private and one-to-one supplier relationships. This enables you to get the right products in front of the customers at the right time, which maximizes sales as demand changes.
ESS – Characteristics
Automated Biz Processes- ESS links the owner company with selected partners including customers and suppliers, to automate & integrate their business processes.
Confidentiality and Security - Information on product designs and production plans is not divulged as the access to sensitive data is tightly controlled.
Integration of Heterogeneous Systems - The open and flexible architecture of ESS is such that it can be built upon the owner company’s existing infrastructure without replacing the business’ core systems, in order to launch the exchange
Industry analysts predict that all organizations, regardless of size of the industry, soon will be connected to exchanges in one way or another. A private exchange provides many options for integrating an organization’s environment with that of its partners and customers.
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Hosted exchange for smaller trading partners - A ESS offers hosted applications that allows its partners to engage in procurement, supply chain management, CRM and other activities without requiring the participants to install the technology within their own operations
Third Party Services - Third party services like logistics, foreign trade, business intelligence, learning, news, recruitment and financials can also be integrated into ESS.
ESS - Players
Owner - Owned by one organization, the private exchange manages relationships between the owner’s various business units and trading partners.
Customers - Invited distributors and resellers participate in collaborative demand planning and forecasting.
Suppliers - Invited suppliers of raw materials, components and logistics participate in the owner’s ESS (buy side).
Third Party Service Providers - Third party service providers like logistics, financials, business intelligence, news etc. are connected to the owner’s exchange to support the enterprise’s mission-critical collaborative processes.
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