PeopleSoft Set to Introduce Trading Exchange

SAN MATEO (04/26/2000) - In three months or less, PeopleSoft Inc. will be launching its own trading exchange, PeopleSoft Marketplace, the result of its recent agreement with CommerceOne Inc.

Based upon CommerceOne and PeopleSoft technology, the PeopleSoft Marketplace exchange will serve as a new link between buyers and suppliers, said John Webb, vice president of product management for supply-chain products at PeopleSoft.

The XML-based PeopleSoft eProcurement automated procurement package also offers a connection to CommerceOne's MarketSite.

"[PeopleSoft Marketplace] is something we'll be launching in the next 30 to 60 days," Webb said. "It's our own trading exchange. PeopleSoft will be hosting it."

A link to PeopleSoft Marketplace will come with an upgrade of eProcurement, now in version 2.0. The eProcurement software will give users access to MarketSite and Marketplace for finding suppliers, Webb said. As for how users will make use of this access, "a lot depends on what type of supplier they want to work with," he said.

The eProcurement links to the MarketSite and PeopleSoft Marketplace sites will provide users with information about the product availability of indirect suppliers of such things as office materials, Webb said.

The eProcurement upgrade offers features for cutting costs and shortening the total cycle time spent on e-procurement, Webb said. "It really depends on the specific instance [but] for office supplies, you're really talking about getting it on demand," he said.

For instance, by using electronic marketplaces and the eProcurement software, the vendor wants to reduce the three-to-five days it may take to order office supplies to an automated, overnight process, Webb said.

The software also promises to help businesses deploy their electronic-procurement platforms across business units and global locations as well as across multiple currencies and languages, Webb said. Moreover, the software is intended to assist a corporation in its pooling of purchasing power from its business units into a master contract at the corporate level, he said.

In addition, the package will let corporations establish the rules needed for governing how employees handle their own requisitions, Webb said. The constraints would likely come from an ERP (enterprise resource planning) platform level.

PeopleSoft Inc., in Pleasanton, California, is at www.peoplesoft.com.

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