Bidvest`s online open electronic marketplace, mymarket.com, has completed the pilot phase of its development.
The mymarket.com initiative was launched in November last year as an open electronic platform to bring together Bidvest`s 350 000 business customers and suppliers, including Bidvest`s 750 operating companies, in a digital marketplace supported by what is expected to be the largest IT network in SA.
Bidvest says its strategy is to build a marketplace which will add value for its customers and subsidiary companies.
The initial pilot phase adapting trade between Bidvest`s divisions to e-commerce, which was designed to ensure that mymarket.com was a tried and tested marketplace, has been completed.
The initial phase has concentrated on bringing together buyers and sellers within the catering, hospitality and services industry. Mymarket.com has received interest from numerous large corporates in the catering, hospitality and services industry, which has led to a number of projects being undertaken.
Mymarket.com has more than 100 trading partners and is looking to have more than 200 by the completion of its next phase by the end of the year. Phase two will also see mymarket.com target trading partners in other sectors such as office supplies, travel and freight.
"The success of the project is attributed to the fact that mymarket.com`s product balances the needs between buyers and sellers, using best of breed technology including Commerce One and Microsoft, which are recognised internationally as the number one technology in terms of e-procurement," the group says.
"In addition this is an open marketplace offering a secure confidential platform to both Bidvest and non-Bidvest companies. Mymarket.com provides a low risk and low-cost way of entering the B2B e-commerce marketplace."
Mymarket.com is an open electronic marketplace enabling buyers to trade electronically with all approved suppliers utilising a single log-on to the Internet.
It brings together both local and international partners: Microsoft, in charge of operating platforms; Commerce One, software solutions; Aqua Online, responsible for Web site design and customisation; Log-Tek is responsible for catalogue services; and I-Fusion for connectivity rollout.
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