Oracle Details Plans For Business-To-Business Site
Oracle disclosed details yesterday on Oracle Exchange, ahosted business-to-business trading network it touts as the
business-market equivalent of eBay, one of the largest
consumer auction sites. The Oracle site, to debut by year's
end, will run on data centers at Oracle's headquarters and
provide a marketplace for enterprise suppliers and
purchasers to buy and sell products and services.
Visitors will be able to access Oracle Exchange on the Web
without special software--unlike most competing procurement
sites, Oracle says. Exchange will be organized by vertical
industry and offer both materials critical to production,
such as manufacturing products, as well as nonproduction
materials, such as office supplies. Purchases can be made
via catalogs, spot buying from vendors, and auctions, using
the buyer's preferred payment method.
Buyers and suppliers will be charged per transaction for
using the exchange. While Oracle isn't ready to quote a
price, CEO Larry Ellison says the fee will be low enough to
attract the greatest number of users. "The key is to get the
most buyers there, and the suppliers will come."
Offering wares on Exchange will be the 260 companies that
currently compose the Oracle Supplier Network, including
Office Depot, Dun & Bradstreet, Barnesandnoble.com, and
Compaq. Exchange will be part of Oracle's move into the
enterprise procurement market, where it competes with Ariba,
CommerceOne, Clarus, and Aspect Development. Last November,
Oracle introduced a suite of Internet self-service
procurement applications that automate purchasing over the
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