In the current economic downturn when revenues are hard to come by, Intel Corp. feels that businesses should invest in reducing transaction costs. As a result, it is pushing RosettaNet as the e-business communication standard for the high technology industry, and has garnered the support of many industry players.
As a company which has experienced cost savings in the order of US$24 million a year, Intel is high on the benefits of conducting business electronically.
"Using Internet technologies to re-engineer e-business enables a company to automate many processes and move people to higher value jobs," said Ketan Sampat, director, Asia E-business Group, Intel Technology Asia. "It also cuts down the paper trail and speeds up transactions."
Even without standards, implementing e-transactions improves communication and efficiency, but Sampat notes that having standards enable machines to interact directly with each other reduces human interaction and gleans more cost benefits.
It is no surprise then that Intel is a founding member of RosettaNet, an industry consortium which drives collaborative development and deployment of Internet-based business standards -- particularly extensible markup language (XML) -- within the global, high-technology trading network. Its membership comprises more than 400 electronic components, information technology, semiconductor manufacturing, and solution provider companies.
While standards are still evolving, the company recently organized a RosettaNet Interoperability Fest to get supply chain trading partners and e-business solution providers together to implement e-business standards and prove the Partner Interface Processes (PIPs) concept.
RosettaNet's PIPs are specialized system-to-system XML-based dialogues that define business processes between trading partners.
Two PIPs were particularly well received -- purchase order request and advance ship notification. These specifications define steps in the purchase order process between trading partners.
Additionally, companies also demonstrated interoperability between third party software solutions that connect businesses to their trading partners.
Intel intends to share the knowledge gained from the event with the RosettaNet consortium through a white paper. These include the need for additional software documentation to help establish connections with trading partners, education on how to deploy software, and the benefits of meeting together like accelerating standards-based deployments and resolving software implementation issues quickly.