Some of Japan's largest utility companies and manufacturers have brought their procurement functions online to a new e-marketplace.
The new e-marketplace, implemented by Commerce One Global Services and Nihon Unisys, a systems integration specialist and an ASP (application service provider), enables utility companies to buy and sell machine parts and materials as well as office supplies online.
Suppliers will enjoy seamless interfaces with buyers, exposure to new markets and more standardized processes. Buyers will gain access to new suppliers and benefit from a streamlined supply chain process and lower operating costs.
The companies, also equity holders in the exchange, are Tokyo Electric Power Co., Kansai Electric Power Co. Inc., Chubu Electric Power. Inc., Mitsubishi Corp., Mitsui & Co. Ltd., Toshiba Corp., Hitachi Ltd., Nihon Unisys Ltd., Mitsubishi Heavy Industries Ltd., Tohoku Electric Power Co. Inc., Hokuriku Electric Power Co., Chugoku Electric Power Co. Inc., Mitsubishi Electric Corp., Shikoku Electric Power Co. Inc., Kyushu Electric Power Co. Inc. and Okinawa Electric Power Co. Inc.
The Japan e-Market is powered by MarketSet, a platform developed by Commerce One, Inc. and SAPMarkets, Inc.
Japan e-Market estimates that companies connected to the e-marketplace will procure US$3 billion in goods and services by its fifth year of operation.