Maxager Pushes Profit-Analysis Tool For Online Marketplaces - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Maxager Pushes Profit-Analysis Tool For Online Marketplaces

Reverse auctions on business-to-business marketplaces have the potential to cut suppliers' profit margins to the bone, but Maxager Technology Inc. says it can help. The company today unveiled alliances with three Net marketplaces as it repositions its Maxager profitability-analysis software as an E-business tool for industrial suppliers.

The alliances lets Maxager target suppliers doing business on the e-Steel, MaterialNet, and SupplierMarket.com exchanges; Maxager says it's seeking similar deals with other industrial marketplaces. The company says its Maxager software, which enables detailed profitability analysis at the product level, is a natural for the dynamic pricing that takes place in Net auctions. Such analysis can help suppliers determine when to stop bidding in an online request-for-quote event or figure out which RFQs are likely to result in a profitable sale.

"These online exchanges really are for the buyers," says Zack Lynch, Maxager VP of marketing. "There's a tremendous amount of downward pricing pressure. Suppliers need a competitive weapon for playing in these marketplaces."

Maxager has 10 customers in the United States and Japan, all large industrial suppliers that sell components to other manufacturers. They include Goodyear, Motorola, Seiko Epson, and Wheeling-Pittsburgh Steel.

Maxager is betting that the expansion of online industrial bidding on sites such as the Big Three automakers' forthcoming megamarketplace will spur demand for its software. "Real-time profitability analysis used to be a hard sell; many CEOs and CFOs didn't see the need," Lynch says. "But now the question is an E-business profit strategy. They know they need to think about that."

The Maxager software runs on Windows NT and requires the Oracle 7.3.2 database or higher. Most installations cost approximately $1 million and are installed in four weeks.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Slideshows
Reflections on Tech in 2019
James M. Connolly, Editorial Director, InformationWeek and Network Computing,  12/9/2019
Slideshows
What Digital Transformation Is (And Isn't)
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/4/2019
Commentary
Watch Out for New Barriers to Faster Software Development
Lisa Morgan, Freelance Writer,  12/3/2019
Register for InformationWeek Newsletters
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll