21 June 2001 | Robin Parker
A low-cost e-procurement portal for small and medium-sized businesses has just been launched by e-commerce company GE Global eXchange Services (GXS).
Express Marketplace uses a free public website hosted by the company, with no additional infrastructure outlay. Once buyers have registered, they can consult a free community directory of suppliers and invite interested parties to a private transaction or auction.
An annual subscription is required to access some services, with additional fees calculated by the number of transactions held online. For an extra charge, users can also upload their purchase orders into online databases visible to both purchaser and supplier.
"The project is a low-cost generic offering adaptable to most types of businesses, with an emphasis on collaboration," Richard Lovett, GXS's marketing manager for Europe, Middle East and Africa, told SM.
"Small suppliers in particular will be able to supply to organisations they simply never had access to in the past."
* The Express Marketplace website is at www.gegxs.com/gxs/products/product/expmar