IDC Study Names Oracle #1 In Global Internet Procurement Applications.Oracle Corp., the largest provider of software for e-business, announced that analyst firm International Data Corp. (IDC) has determined Oracle is the world's No. 1 vendor of 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 procurement software Procurement software is business software that helps to automate the purchasing function of organizations. Activities including raising and approving purchase orders, selecting and ordering the product or service, receiving and matching the invoice and order, and paying the bill is . Oracle Internet procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. revenue grew from $4 million in 1998 to $76 million in 1999. IDC based its findings on analysis of vendor financial statements, census interviews and public information. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. IDC, Oracle held 9.9 percent of the Internet Procurement market share in 1999, with no other vendor in the top five holding more than 5.3 percent. Oracle moved to the number one procurement spot with a fully integrated direct and indirect procurement offering. IDC also recognized Oracle as a leading force in the e-commerce applications software market in 1999, of which Internet procurement was a part. IDC notes that Oracle is well positioned for the future in the e-commerce application space with its strong capabilities in supply chain automation and in the emerging 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 space - capabilities that were notably lacking in its top competitor. |
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