Business-to-business (B2B) e-marketplace M-Web CommerceZone has handled R10 billion in transactions since its inception in 2001, which it says defies common opinions that e-business is floundering.
GM Andreij Horn says the company recorded orders worth R2.5 billion in its first year of operation. In the last financial year recorded transactions virtually doubled to R4.6 billion. By this week, it had recorded a total of R10 billion in transactions.
Horn says this is because customers on the buy and supply side are seeing lucrative bottom line returns.
He says M-Web CommerceZone combines an e-procurement offering with a strategic sourcing project for each client. By adding a new client`s indirect procurement volumes to the billions already managed for existing clients, the company can offer an immediate reduction in procurement costs and a contract management service.
M-Web CommerceZone deploys purpose-built private exchanges for each client and sources a group of suppliers to provide clients with indirect goods and services.
The group has also acquired a number of tested black economic empowerment suppliers online to help clients achieve their empowerment status.
"E-procurement is back on the corporate agenda," Horn says. "But, like with all other IT-related projects, customers are now demanding to see proper business cases that deliver a measurable return on investment. It will be the service providers who can deliver on these expectations that will be the survivors of the local B2B industry."
Share
