Large companies can then create ecosystems made of hundreds of partners who can supplement the products and services of the large company, while retaining as good level sharing.
This result in the integration of long chains of business processes with information automatically flowing from company to company smoothly, quickly and accurately. For instance, if a customer places an order on a web site, it transfers automatically into the order entry system, into the accounting systems for invoicing and into the warehouse management system for fulfillment. It is also included in information sent to suppliers on orders in the pipeline, so that they can plan their inventory and pass demand forecast up the chain to their own suppliers.
Many large organizations are setting up their own private electronic marketplace with their suppliers, whilst others are getting together with competitors to set up a similar joint arrangement. E-marketplaces are central hubs or exchanges that bring together buyers and seller across the internet and already demonstrating success.
Customized products can be collaboratively designed within a supplier group, using an internet enabled computer aided designed (CAD) application.
Freight companies can join the e-marketplace to bid for transportation of the finished product or to auction off excess freight space to other companies in the exchange. At the same time, customers can access the market place to track delivery of an order.
Information System and Integrated Data
