Organizational Marketplaces
August 19, 2009By Scott Walls
Organizational Marketplaces are centralized, web-based content repositories where the providers of organizational purchasing content (buyers, sourcing specialists, deal managers) make their content available to consumers of organizational purchasing content (employees, temps, requesters). Most often, purchasable content has been pre-negotiated by the providers, on behalf of the organization, for the benefit of the consumers. Providing pre-negotiated purchasable content lowers an organization’s overall costs of goods.
Organizational marketplaces can be dedicated or shared. Marketplaces accessed by one SRM application are referred to as Dedicated Marketplaces whereas marketplaces accessed by multiple SRM applications are referred to as Shared Marketplaces (for more on dedicated vs. shared marketplaces, see the BLOG entitled Organizational Marketplaces – Shared Vs. Dedicated).
About SRM Plus
SRM+ is a boutique procurement business consulting firm. We provide procuring organizations with the strategic and tactical consulting services required to dramatically reduce operational expenses, create revenue streams (1 million per every 200 million in spend), and decrease their Cost Of Goods Purchased (COGP). Whether defining a strategy, creating measurable objectives, designing / deploying solutions, or creating a continual improvement framework, SRM+ wants to turn your cost centers into cash centers. Visit us at www.srm-plus.com.
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