GE GLOBAL EXCHANGE SERVICES LAUNCHES EXPRESS MARKETPLACE.GE Global eXchange Services has announced the launch of Express Marketplace (www.gexmp.com), a digital marketplace that lets companies of any size, industry or location, begin immediate and low-cost supply chain collaboration, from selection through settlement, using only a Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. . Express Marketplace is available to all buyers and sellers, including the 100,000 trading partners now part of GE Global eXchange Services' (GXS GXS Global Exchange Services (GE) GXS Gun X Sword (anime) ) supply chain network. GXS's network currently processes over 1 billion 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 transactions per year, accounting for approximately $1 trillion dollars in 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. . A full range of service components and functions are currently available within Express Marketplace, including: * Selection - electronic request for quotation A Request for Quotation (referred to as RFQ) is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products and/or services. An RFQ typically involves more than the price per item. and reverse dynamic bidding * Procurement - buy-side catalog access and procurement workflow * Requirements - materials forecast and purchase order status tracking * Settlement - turning purchase orders into invoices, routing and adjudication The legal process of resolving a dispute. The formal giving or pronouncing of a judgment or decree in a court proceeding; also the judgment or decision given. The entry of a decree by a court in respect to the parties in a case. Additional service components and functions will be introduced on anongoing basis. GE Global eXchange Services (GXS) operates one the largest B2B e-commerce networks in the world, with more than 100,000 trading partners. The network's 1 billion annual transactions account for $1 trillion in goods and services. With a presence in 58 countries, GXS applies Six Sigma quality processes to provide e-commerce solutions that help businesses around the globe remove costs from their supply chains. |
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