Commerce One Delivers MarketSite.net Business-to-Business Marketplace Portal & Announces MarketSite 3.0 Open Marketplace Platform.WALNUT CREEK Walnut Creek, residential city (1990 pop. 60,569), Contra Costa co., W Calif., in the San Francisco Bay area; inc. 1914. It is the trade and shipping center of an extensive agricultural area where walnuts are among the major product. , Calif.--(BUSINESS WIRE)--March 29, 1999-- Forming a Global Trading Web With Unprecedented Economies of Scale As part of the company's strategy to redefine electronic commerce, Commerce One, Inc. today announced Commerce One MarketSite.net, a Business-to-Business Marketplace Portal, and Commerce One MarketSite 3.0, an Open Marketplace Platform. MarketSite.net, which is operational today, is an open business-to-business marketplace, and is the first marketplace built upon the MarketSite 3.0 platform. MarketSite 3.0 is a comprehensive software platform for creating and deploying open XML-based marketplaces. "The MarketSite platform brings the future of Internet commerce to fruition with its open, XML-based trading partner networking capability," commented Chuck Donchess, vice president, marketing and business development for Commerce One. "This platform delivers dynamic open Internet based marketplaces that significantly increase operational efficiencies and reduce costs for trading partners participating in online commerce, and MarketSite.net allows all types of trading community members to take advantage of it today." Announcing Commerce One MarketSite.net MarketSite.net is a result of over two years of development by Commerce One and is operational and transacting business today between over 20 enterprise buying organizations and their suppliers. MarketSite.net provides unprecedented economies of scale for all trading partners by centralizing cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. content and transaction management functions, and eliminating the need for customized point-to-point integration and content management. MarketSite.net is built using MarketSite's open marketplace platform that provides a comprehensive solution for deploying open, marketplaces that can interoperate See interoperable. with other marketplaces. "We chose to form a strategic alliance with Commerce One because of their innovative, forward-thinking vision in business-to-business electronic commerce," said Monica Luechtefeld, vice president of contract marketing for Office Depot Office Depot (NYSE: ODP) is one of the world's leading suppliers of office products and services. The Company's selection of brand name office supplies includes business machines, computers, computer software and office furniture, while its business services encompass copying, . "Our participation in MarketSite.net, from Commerce One, allows us to utilitize leading XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. technology, in presenting our products to our joint customers. The direct integration of our website into MarketSite.net has created a powerful channel to support our customers in their efforts to contain costs through technology." Key capabilities and features of MarketSite.net include: -- Unprecedented scalability -- the largest and most comprehensive online community of buyers and suppliers representing annual buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. of $161 Billion and over 5,100 suppliers. -- Open buying and selling application support -- accessible by multiple buying and selling applications making it easily accessible to the widest range of trading partners on a global basis. -- Hosted applications -- supports hosted buying and order management applications to accommodate needs of any size buyer and supplier. -- Automated transaction support -- allows buyers to obtain immediate, real-time access to suppliers, to receive catalog updates, check prices and availability, place and track orders, and determine shipping status. -- Business Services -- provides access to a wide range of business services from a variety of providers, including shipping, tax & payment services, with a single point of access for all trading partners. Provides new services that automate more business processes. -- Unique "publish once" content model -- suppliers can publish their content once (in whatever form it currently exists), or integrate their systems once, and reach every participating buying organization. An Open Marketplace MarketSite.net is an open portal that supports multiple buying and selling applications to accelerate participation in the marketplace. MarketSite.net is accessible by Commerce One BuySite, Electronic Procurement Application and to buying organizations using Rightworks' ProcureWorks buying application and SAP's R/2 and R/3 purchasing modules. Buying organizations that have not installed a buying application can use a browser to access a hosted buying capability offered by MarketSite.net. On the selling side, MarketSite.net is accessible by suppliers using only a browser or through popular selling solutions such as Intershop's merchant applications or Microsoft Commerce Server Microsoft Commerce Server is a Microsoft tool for building e-commerce systems. It uses Microsoft .NET technology. Commerce Server replaced Microsoft Site Server. Versions for Windows
Comprehensive Business Services MarketSite.net delivers a comprehensive set of business services including Corporate Procurement Card (CPC (1) (Central Processing Complex) An IBM mainframe that has two or more central processors (CPs) that share memory. It is the collection of processors, memory and I/O subsystems manufactured with a single serial number, typically all contained in one cabinet. ) and payment services from American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. or payment services through GE Capital Financial, Inc.; tax services through an alliance with TAXWARE; and web-based transportation and shipping information services See Information Systems. through Tandata and UPS. By building these marketplace services directly into the MarketSite.net portal, all members of the trading community can easily benefit from these services without having to install additional software or do point-to-point integration with these third-party service providers. MarketSite.net provides a robust platform to easily integrate new business services over time, allowing all trading partners to access these services through the portal. Introducing Commerce One MarketSite 3.0, Open Marketplace Platform Commerce One MarketSite 3.0, Open Marketplace Platform, establishes a powerful new paradigm New Paradigm In the investing world, a totally new way of doing things that has a huge effect on business. Notes: The word "paradigm" is defined as a pattern or model, and it has been used in science to refer to a theoretical framework. in the business-to-business e-commerce market. Built upon revolutionary XML technology, MarketSite 3.0 provides a platform for the bi-directional exchange of business documents, globally linking buyers, suppliers and service providers in a robust, interactive transactive environment. "The ability to connect buyers and sellers, quickly and economically into online marketplaces make this release of Commerce One MarketSite exciting for Idaho Power," said Deb Kumkler, Manager of Procurement for Idaho Power. "With the release of MarketSite 3.0, Commerce One has added important functionality that will further enable us to do indirect procurement online." Breakthrough XML Technology The MarketSite 3.0 platform is based on breakthrough XML technology, making it easier for trading partners to conduct electronic commerce without the need for expensive, custom point-to-point integration. The MarketSite platform is based on a loosely coupled See loose coupling. XML business document model -- companies exchange information and services over the Internet, using self-defining XML business documents that both people and computers can easily understand. Documents provide a more intuitive and flexible way to access enterprise applications than programming APIs or EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. messages. Key elements of the technology include: -- XML Business Documents -- provide fast, easy integration of trading partners, by emulating how business transactions occur in the physical world. -- Schema for Object Oriented See object technology and object-oriented programming. XML (SOX (1) (Schema for Object-oriented XML) An XML schema developed by Veo Systems and Muzino Communications, which was submitted to the W3C. SOX is based on DTD, but adds data typing and reuse mechanisms. ) -- rich XML schema The definition of an XML document, which includes the XML tags and their interrelationships. Residing within the document itself, an XML schema may be used to verify the integrity of the content. language enabling computers to classify, search, validate, map and dynamically interpret business documents. -- Common Business Library (CBL Cbl cobalamin. ) -- a semantic framework that enables companies using different standards to seamlessly conduct commerce. Distributed MarketPlace Architecture (DMA (1) (Digital Media Adapter) See digital media hub. (2) (Document Management Alliance) A specification that provides a common interface for accessing and searching document databases. ) MarketSite 3.0 distributed marketplace architecture provides interoperability between MarketSite enabled marketplaces and other existing trading communities by leveraging its robust XML infrastructure and through the support of multiple industry standards. By effectively leveraging this architecture with MarketSite deployment partners, MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. WorldCom and BT marketplaces are linked into a virtual global trading web that collectively forms the world's largest B-to-B trading community representing over $161 billion in purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. . In addition to deployment partners, MarketSite also provides interoperability between existing Commerce Portals such as Grainger.com offered by W.W. Grainger. "We are excited to be part of revolutionizing the way business-to-business electronic commerce is conducted," said Don Bielinski, group president of W.W. Grainger. "The interoperability between our commerce portals, Grainger.com and MarketSite.net, will allow us to leverage our comprehensive content, reach new prospects and better service our existing customers." A Platform to Build New Marketplaces MarketSite 3.0 provides the ideal platform to create new vertical, horizontal or regional marketplaces. A recent article in The Wall Street Journal (March 9, 1999) quoted Chuck Shih of Gartner Group (company) Gartner Group - One of the biggest IT industry research firms. Address: Connecticut, USA. saying that trading sites are projected to total 100,000 by 2002 with a quarter of them being micro-markets and the rest infomediaries. The same article mentions Forrester Research's recent revision of its B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business forecast for 2003 to $1.3 trillion from $327 billion compared with $43 billion last year. MarketSite 3.0 was designed to meet the needs of this rapidly expanding market. Commerce One is already working with key market makers to deliver regional marketplaces in Europe and Asia. (See Commerce One/BT press release issues February 24, 1999 and see Commerce One/NTT press release issued today.) Multiple Protocol Support & Document Translation Service With Guaranteed Delivery MarketSite provides a single interface to buyers and sellers for exchanging business transactions without the need to configure specific trading relationships or support data protocol interchanges. MarketSite 3.0 provides maximum flexibility through the support of a variety of protocols, including: -- XML - Base DTDs and XML schema language -- Open Buying on the Internet (OBI) -- EDI, EDI/ANSI X12, EDIFACT (Electronic Data Interchange For Administration Commerce and Transport) An ISO standard for electronic data interchange (EDI) that was proposed to supersede both X12 and TRADACOMS as the worldwide standard. See EDI. -- HTML HTML in full HyperText Markup Language Markup language derived from SGML that is used to prepare hypertext documents. Relatively easy for nonprogrammers to master, HTML is the language used for documents on the World Wide Web. for hosted applications -- SMTP (Simple Mail Transfer Protocol) The standard e-mail protocol on the Internet and part of the TCP/IP protocol suite, as defined by IETF RFC 2821. SMTP defines the message format and the message transfer agent (MTA), which stores and forwards the mail. , Electronic Mail -- HTTP HTTP in full HyperText Transfer Protocol Standard application-level protocol used for exchanging files on the World Wide Web. HTTP runs on top of the TCP/IP protocol. and HTTP/s Additionally, MarketSite provides a document integration service for the translation of documents between different standards. Documents are routed to the appropriate marketplace service or trading partner depending on the trading partner profile and required document type. MarketSite provides guaranteed delivery of all documents and functional acknowledgement of all business document exchange, as well as transaction histories and audit trails. "MarketSite 3.0 provides the first truly open marketplace platform to support electronic procurement," said Eddie Page, purchasing manager A Purchasing Manager is an employee within a company, business or other organization who is responsible at some level for buying or approving the acquisition of goods and services needed by the company. for Eastman Chemical. "By implementing both Commerce One MarketSite and BuySite to streamline our procurement process and improve efficiency, we have been able to better aggregate our spend and drive closer relationships with our suppliers." Commerce One MarketSite 3.0 will be available in Q399. Contact Commerce One for pricing information. About Commerce One Commerce One is the leading provider of electronic commerce solutions that dynamically link buying and supplying organizations into real-time trading communities. The Commerce Chain Solution by Commerce One, comprised of Commerce One BuySite and Commerce One MarketSite, enables companies to significantly reduce operational costs and increase efficiency by automating the entire indirect goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. supply chain. As a result, enterprise organizations are able to realize a strategic competitive advantage as well as a rapid return on investment. Commerce One is located in Walnut Creek, Calif. and can be reached by phone at (800) 308-3838 or (925) 941-6000 or via the Internet at http://www.commerceone.com. Commerce One, Commerce Chain, BuySite, MarketSite, MarketSite.net and Marketplace Portal are either trademarks or registered trademarks of Commerce One. Other product and company names mentioned herein might be the trademarks of their respective owners. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion