On February 25, 2000 General Motors Corporation, Ford Motor Company, and DaimlerChrysler jointly announced that they were planning to form a business-to-business integrated supplier exchange through a single global portal. Through this single global portal, the goal is to eliminate redundancies and burden from suppliers by integration and collaboration, and the promise is lower cost, easier business practices, and marked increase in efficiencies for the entire industry. The need for visibility and collaboration throughout the automotive industry makes the network, technology, and management decision support Covisint will offer immensely valuable to automotive suppliers and OEMs. Covisint will deliver e-business to the automotive industry, using the Internet to seamlessly connect trading partners and integrate supply with customer demand. This network will revolutionize how manufacturers work with their global trading partners to satisfy customer demand quickly and profitably. By adhering to standards and being accessible to registered users with an Internet browser, Covisint will reduce integration costs so members are able to transform their core infrastructure quickly and easily. Most importantly, Covisint will provide these benefits while maintaining complete security and data integrity.
- Industries: automotive
- Commerce Types: B2B
- Commerce Services: supply chain management
- Region: World
RubberNetwork.com - an independent company - will host a global exchange, which will include Continental, Cooper, Goodyear, Michelin, Pirelli and Sumitomo Rubber. Total purchases for the tire and rubber industry represent more than $50 billion a year spent on raw materials, equipment, machinery, goods and services. The exchange will enable members to increase the efficiency of their operations and to achieve substantial savings in the cost of doing business. Each transaction will be protected by appropriate firewalls to ensure the confidentiality of each company's individual business activities.The exchange will be open to all manufacturers and suppliers within the industry and is expected to be operating before the end of the year.
- Industries: automotive, auto parts, rubber
- Commerce Types: B2B
- Commerce Services: exchange
- Region: World
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