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    Freemarkets Online Inc: An Example of Global Supply Chain Management

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    Amitav Talukdar
    FreeMarkets was a company that created online auctions for industrial parts and raw materials. It generated $335.1 million in revenue and $33.2 million in net income in 2011. FreeMarkets provided software and solutions to help companies improve their sourcing and supply chain management processes through online auctions. It created a cloud-based network to facilitate collaboration between customers, suppliers, and partners around processes like procurement. The network connected nearly one million companies in over 140 countries worldwide. Adopting cloud computing for supply chain strategies like sales and operations planning can help companies minimize IT investments and deliver network effects.

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    Freemarkets Online Inc: An Example of Global Supply Chain Management

    Uploaded by

    Amitav Talukdar
    56 views9 pages
    FreeMarkets was a company that created online auctions for industrial parts and raw materials. It generated $335.1 million in revenue and $33.2 million in net income in 2011. FreeMarkets provided software and solutions to help companies improve their sourcing and supply chain management processes through online auctions. It created a cloud-based network to facilitate collaboration between customers, suppliers, and partners around processes like procurement. The network connected nearly one million companies in over 140 countries worldwide. Adopting cloud computing for supply chain strategies like sales and operations planning can help companies minimize IT investments and deliver network effects.

    Original Description:

    Supply chain Management

    Original Title

    SCM fmo

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    FreeMarkets was a company that created online auctions for industrial parts and raw materials. It generated $335.1 million in revenue and $33.2 million in net income in 2011. FreeMarkets provided software and solutions to help companies improve their sourcing and supply chain management processes through online auctions. It created a cloud-based network to facilitate collaboration between customers, suppliers, and partners around processes like procurement. The network connected nearly one million companies in over 140 countries worldwide. Adopting cloud computing for supply chain strategies like sales and operations planning can help companies minimize IT investments and deliver network effects.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    56 views9 pages

    Freemarkets Online Inc: An Example of Global Supply Chain Management

    Uploaded by

    Amitav Talukdar
    FreeMarkets was a company that created online auctions for industrial parts and raw materials. It generated $335.1 million in revenue and $33.2 million in net income in 2011. FreeMarkets provided software and solutions to help companies improve their sourcing and supply chain management processes through online auctions. It created a cloud-based network to facilitate collaboration between customers, suppliers, and partners around processes like procurement. The network connected nearly one million companies in over 140 countries worldwide. Adopting cloud computing for supply chain strategies like sales and operations planning can help companies minimize IT investments and deliver network effects.

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    FREEMARKETS online INC

    An example of Global Supply Chain Management

    Presented by:Amitava
    Ashmit
    Shail

    Company Intro
    FreeMarkets creates customized business-to-business
    online auctions for buyers of industrial parts, raw materials
    and commodities.
    Revenue - $ 335.1 million (FY 2011).
    Net income - $ 33.2 million (FY 2011).

    In 2004 Acquired by ARIBA INC.


    In 2012 ARIBA acquired by SAP AG.

    WHATs Freemarkets into?


    FreeMarkets, Inc. provides software, services, and
    solutions to address the Global Supply
    Management (GSM) Market.
    These solutions are designed to help companies
    improve their sourcing and supply management
    processes.
    Created online auctions covering $1.0 billion worth
    of purchase orders in 1998 and $1.4 billion worth of
    purchase orders in the nine months ended
    September 30, 1999.

    Cloud Based Network Solution


    ITS NOT JUST WHAT YOU KNOW, BUT ALSO WHO
    YOU KNOW AND HOW YOU CONNECT WITH THEM.
    Connect to customers, suppliers, and partners
    through single point of integration to facilitate more
    efficient collaboration around processes like sales,
    procurement and finance.
    Gain efficiency through cloud-based applications
    that automate and enable shared processes like
    sourcing, invoicing, and payment.

    Continued............
    Become more informed through community
    intelligence, market insights, benchmarking, and
    best practices for better performance and decisions.
    The FMO/ARIBA Network is the largest open trading
    network in the world, used by nearly one million
    companies in more than 140 countries around the
    world.

    Advantages
    Explore our supply chain cloud software, and
    minimize your IT investment.
    Sales & Operations Planning (S&OP), Transportation
    Management Systems (TMS), Spare Parts
    Management and Store Shelf Optimization are the
    four supply chain strategies that are the most cloudfriendly and have the greatest potential to deliver
    the network effect throughout a supply chain.

    Cloud computing adoption in supply chains is


    heavily dependent on the legacy ERP systems in
    place, as they provide the system of record
    corporate-wide.
    Companies continue to lean on their IT
    departments to do more with less.
    The majority of suppliers (60%) have a moderate
    level of collaborative execution with Electronic Data
    Interchange (EDI) and other automatic/scheduled
    communications being commonplace.

    46% of respondents report that greater supply


    chain collaboration leads to problems being solved
    twice as fast.

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