Commerce One Introduces Next-Generation Auction Services; New and Enchanced Capabilities in E-Marketplace Suite from Commerce One & SAPMarkets.Business Editors/High-tech Writers LAS VEGAS--(BUSINESS WIRE)--Sept. 18, 2000 At the eLink 2000 Conference today, Commerce One, Inc. (Nasdaq:CMRC CMRC Canadian Motosport Racing Club CMRC Commerce One Inc. (stock symbol) CMRC Caribbean Marine Research Center CMRC Crime Mapping Research Center CMRC Credit Management Research Centre (UK) ), the leader in global e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. solutions for business, unveiled the latest release 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 auction solution, Auction Services 4.0, with new and enhanced capabilities aimed at enabling complex negotiations in direct and indirect procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy processes, and thus saving companies' time and money. The new capabilities are integrated with the end-to-end end-to-end a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine. e-procurement (Electronic-PROCUREMENT) Purchasing online. E-procurement systems are used to obtain materials and parts via the Web or using traditional EDI standards either for internal manufacturing (direct procurement) or office supplies and equipment (indirect procurement). solution from Commerce One and SAPMarkets. The new Auction Services offering will be available from Commerce One and as part of MarketSet, the joint offering e-marketplace from Commerce One & SAPMarkets. Scheduled delivery is in the fourth quarter of 2000. Auction Services 4.0 seeks to deliver enhanced Multi-Variable Bidding (MVB MVB Multivesicular Body MVB Magdeburger Verkehrsbetriebe MVB Multifunction Vehicle Bus MVB Multimedia Viewer Book MVB Multifunctional Vehicle Bus MVB Moisture Vapor Barrier MVB Multivibrator MVB Minimum Variance Beamformer MVB MicroVax Business ), Multi-Level Bidding (MVB), Request for Proposals (RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. ) and Request for Quote (RFQ RFQ Request For Quote RFQ Request For Quotation RFQ Request for Qualifications (part of a potential client's preliminary selection process) RFQ Radio Frequency Quadrupole (accelerator technology) ) capabilities. The new capabilities allow users to set up and run complex auctions and reverse auctions online. Auction Services 4.0 also aims to provide new process automation capabilities that seamlessly turn completed auctions into purchase orders, powering end-to-end management of buying and selling activities, fully integrated with e-procurement. "Making auctions a fundamental part of B2B transactions requires solutions that allow customers to buy or sell based on whatever terms fit their needs, on a platform that manages the entire e-procurement or liquidation process," said Liron Petrushka, vice president of auction services for Commerce One. "We believe Auction Services 4.0 will giveparticipants on e-marketplaces a backbone for conducting complex trading and negotiation." Key capabilities and features of Auction Services 4.0 include the following:
-- Multi-Variable Bidding: allows users to conduct complex sourcing
of both direct and indirect goods by enabling the creation,
modification and reuse of auction variables such as product
specification, quality, delivery and availability. Buyers and
sellers can conduct real-time "back and forth" online bidding on
key terms and conditions.
-- Multi-Line Bidding: allows sellers to arrange complex multi-line
lots, which can include miscellaneous materials that otherwise may
have remained in long-term inventory. It also enables buyers to
put multi-item Request for Proposals (RFP) and Purchase orders out
for bid online.
-- Collaboration capability: supports supplier interaction on Request
for Quote (RFQ) documents such as specifications or drawings and
allows users to easily attach documents to any level of the
electronic RFQ or RFP package.
-- Purchase Order Integration: Auction Services is integrated with
Commerce One's e-marketplace and e-procurement capabilities,
enabling end-to-end management of the procurement process and the
ability to generate a purchase order immediately after the close
of a successful auction.
-- Multiple language support: Auction Services is internationalized
and currently supports 12 languages including without limitation
Japanese, Korean, Chinese, German, French, Italian and Spanish.
Design and development of Auction Services 4.0 was driven by requirements gathered from Commerce One's extensive and diverse global customer and partner base, which includes many of the world's leading industry e-marketplaces and mega exchanges, such as Artikos, BellSouth, Endesa, EventSource.com, General Motors, and SESAMi. About Commerce One Commerce One (Nasdaq:CMRC) is the leader in global e-commerce solutions for business. Through its products, portals, and services, Commerce One creates access to worldwide markets, allowing anyone to buy from anyone, anytime, anywhere. The Commerce One Global Trading Web(TM) is the world's largest business-to-business trading community. Comprised of many open e-marketplaces, the Global Trading Web provides unprecedented economies of scale for buying organizations, suppliers, and service providers worldwide. Through its "Dream Team" alliance with SAPMarkets, Commerce One enables enterprises and communities of all sizes and industries to efficiently conduct collaborative business on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . Commerce One is located in Pleasanton, Calif., and can be reached by phone at 800/308-3838 or 925/520-6000 or via the Internet at www.commerceone.com. Forward Looking Statements Certain statements made in this press release by Commerce One, including the capabilities of the latest version of Commerce One.net are not historical facts but are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements-may involve risks and uncertainties which could cause actual future results to differ materially and adversely from those anticipated by such statements. Included among the factors that could affect Commerce One's performance and the performance of the latest version of Commerce One.net are: Commerce One.net may not perform with the ease and effectiveness hat is expected, actual efficiencies and economies of scale may not be as pronounced as those anticipated by the parties, launch operational difficulties, interoperability The capability of two or more hardware devices or two or more software routines to work harmoniously together. For example, in an Ethernet network, display adapters, hubs, switches and routers from different vendors must conform to the Ethernet standard and interoperate with each other. difficulties between trading communities, difficulties in adapting to markets of different size, scope and geography; general economic conditions, fluctuations in operating results; its ability to effectively manage future growth, to retain and efficiently integrate its executive management team, and to identify, hire, train and retain, in a highly competitive market, individuals highly skilled in the Internet and its rapidly changing technology and significant revenue concentration in a limited number of clients etc. For a discussion of these and other risk factors that could affect Commerce One's business, see "Risk Factors" in Commerce One's filings with the Securities and Exchange Commission, including its annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999 and its quarterly report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended June 30, 2000. Note to Editors: Commerce One, Many Markets. One Source. Global Trading Web, BuySite, MarketSite, Global Trading Platform, Common Business Library, 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. Development Kit, XML Commerce Connector, MarketView, and SupplyOrder are either trademarks or registered trademarks of Commerce One, Inc. Enterprise Buyer and MarketSet are trademarks of Commerce One, Inc and SAPMarkets. All other company, product, and brand names are trademarks of their respective owners. |
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