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iCongo.com Selects Ariba B2B Commerce Platform for Dynamic Trade in Global Sporting Goods Marketplace BOSTON, Mass. and MOUNTAIN VIEW, Calif., April 13 /PRNewswire/ -- iCongo.com and Ariba, Inc. (Nasdaq: ARBA) today announced that iCongo.com has selected the Ariba(R) B2B Commerce Platform to power iCongo.com`s leading online B2B sporting goods trading exchange. iCongo.com will use the Ariba B2B Commerce Platform, including the Ariba B2B Dynamic Trade solution, to enable sporting goods industry sellers and buyers to engage in various types of business-to-business online auctions. Using state of the art technology, iCongo.com has built the first online trading community tailored to the sporting goods industry, providing full business-to-business e-Commerce capabilities for seller and buyer companies. The traditional supply chain for sporting goods is highly fragmented and inefficient and as a result, retailers, distributors and manufacturers are increasingly seeking new ways to make their supply chain more efficient. Now, through the iCongo.com Trading Exchange with its efficient Browse2Buy(TM) procurement system and the addition of Ariba-powered Bid2Buy(TM) auctions, the sporting goods industry has an unprecedented array of powerful tools at its disposal that will allow users of the exchange to drastically increase their supply chain efficiency. "Ariba`s dynamic trading solution adds significant value to the iCongo.com marketplace," explains Irwin Kramer president and CEO of iCongo.com. "Due to the seasonal and trend-driven nature of the sporting goods industry, there is a strong need for sellers to be able to move excess inventory and out of season or out of style merchandise. Now, with the addition of iCongo.com`s advanced auction systems, sellers are able to obtain the best market price -- quickly and efficiently. In addition, buyers will benefit from increased purchasing opportunities, enhanced product selection and reduced costs." "By selecting the Ariba B2B Commerce Platform to power their exchange, iCongo.com is providing its user community with leading-edge tools that will greatly enhance the value of conducting business within the Sporting Goods Trading Exchange," said John Baumstark, senior vice president of net markets at Ariba. "Through the use of the Ariba B2B Dynamic Trade solution, buyers and sellers are able to recognize substantial cost reductions by managing inventory in a much more cost-effective and timely manner." Forrester Research predicts that revenue from online business auctions will grow from $8.7 billion in 1998 to $52.6 billion in 2002, while Keenan Vision forecasts that in the same period, dynamically priced B2B transactions will rise to $88 billion -- representing 27% of the value of all B2B e-commerce transactions. |
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| aus der Diskussion: | Ariba - News |
| Autor (Datum des Eintrages): | buckweiser (13.04.00 23:38:50) |
| Beitrag: | 7 von 9 (ID:799898) |
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