Survey Says E-Marketplaces Growing In Importance

Jan. 13, 2005
Fifty percent of high-level executives see digital marketplaces as a critical means of competitive positioning for the next year -- and two-thirds have or plan to implement an e-procurement system -- shows a recent Arthur Andersen survey. Forty-five ...

Fifty percent of high-level executives see digital marketplaces as a critical means of competitive positioning for the next year -- and two-thirds have or plan to implement an e-procurement system -- shows a recent Arthur Andersen survey. Forty-five percent of respondents said their firm now offers products or services in one or more digital marketplaces established by other companies, an increase from 31% in a previous survey six months ago. And, 66% said their firm procures and buys products or services via digital marketplaces -- up from 48% six months ago. The greatest challenges facing digital marketplaces are upfront investment, long-term viability, and training, said respondents. Six months ago, the greatest challenge cited was compatibility of infrastructure. Arthur Andersen, a global professional services firm, is headquartered in Chicago.

Popular Sponsored Recommendations

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Future-Proofing Your Business with Smart Manufacturing

Jan. 2, 2024
An IndustryWeek-Plant Services-Smart Industry-Automation World-hosted webinar sponsored by Amazon Web Services

Top 3 Ways AI is Transforming Manufacturing Operations

Feb. 17, 2024
Unlock the power of Industry 4.0 with AI and IoT. Explore how real-time data and automation are reshaping manufacturing, driving efficiency and quality to new heights. Dive into...

Seizing the digital opportunity – An industrial software action plan

Aug. 9, 2023
Industrial enterprises are under pressure to adopt a digital-driven approach for their operations and for interacting with markets, customers, and the world around us. As modern...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!