Net markets typically consist of three key components: content, community and commerce. Content includes publishing information relevant to a particular market, community is enabling member-to-member communication within the marketplace, and commerce is the business that is transacted through the net market itself.
Oftentimes, we've found that net market makers concentrate on building the content and community aspects of their markets first, creating valuable online resources for the industries they serve. The next step is to enable commerce through efficient catalog aggregation or dynamic pricing mechanisms, including auctions or reverse auctions, and to enable value-added services such as inventory checks, purchase order generation, acknowledgements, and coordination with logistics providers.
With Extricity for Net Markets you have the potential to fundamentally redefine how the relationships between your buyers and sellers are managed. Find out how.
 Open
Rapid
Scalable
& Reliable
Process-based
Open - Extricity for Net Markets is interoperable with other B2B tools. It allows you to use FTP, HTTP, EDI, or the web to connect buyers and sellers to your net market, and is based on open standards such as XML for describing the information moving between the members of your community. This open architecture ensures that your net market can enable connections with large numbers of buyers and sellers, which is paramount to the success of your business model. Extricity for Net Markets is also able to integrate into diverse internal system, such as SAP, Oracle, PeopleSoft, Baan, files, COM, CORBA, etc.
Rapid - New buyers or sellers can be added in minutes after initial setup, which is usually only a matter of a few days or weeks. And Extricity's pre-packaged adapters and application integration wizards make integration to your ERP or other internal systems a snap-without the need for additional point-to-point customization.
Scalable & Reliable - Extricity for Net Markets is a complete platform that is designed to be scalable as the needs of your organization evolve. It allows your net market to reconfigure its systems and business processes without significant changeover costs or downtime. Plus, it contains rich administration functionality including sophisticated checkpoint and restart capabilities to recover gracefully in case of network failures. -Capabilities that ensure your net market is able to reliably serve its members.
Process-based - Extricity defines the concept of inter-company business processes. "Public" processes (B2B processes such as order management and logistics) that run between your net market and its buyers and sellers are kept separate from internal or "private" processes (such as the matching of buyers and sellers that goes on within the marketplace) to deliver unmatched flexibility. Your net market differentiates itself with the unique services, in the form of business processes it provides to its members. Extricity for Net Markets gives you the ability to quickly and easily implement both types of processes through Extricity's graphical management environment. Using Extricity for Net Markets provides the flexibility you need to successfully execute your business model.
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