Trading Portals
As Chapter 2 of the Internet emerges traditional portals are undergoing a profound transformation. They are no longer mere access points that aggregate information and catalog-based transactions for specific markets. One of the clearest demonstrations of a Chapter 1 to Chapter 2 transformation is the emergence of business-to-business trading portals. These trading portals enhance the capabilities they bring to their target markets by offering specific e-services that add value and perform work.
The e-services on trading portals deliver a wide range of functions such as the dynamic aggregation of hundreds of thousands of products from thousands of different vendors. They provide advanced market-maker e-services such as bidding, reverse auctions, and collective bidding. Some provide direct e-service to e-service connections so business ERP systems can connect directly to portal-based procurement services. Others replace traditional manual business processes for purchase order routing and approval with completely automated e-services. Trading portals that deploy e-services deliver a long list of benefits to businesses - streamlined supply chains, lighter IT, faster reaction times, and reduced costs - to name just a few.
The e-services on these new trading portals go far beyond what was available with traditional dot-com and e-business solutions. Chapter 2 is happening now. Check out a few examples of trading portals.
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