FreeMarkets
By
Nikida Mc Sween
Summary
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FreeMarkets began in 1995
FreeMarket merge with Ariba
Partners include:
Success Stories
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New Line Cinema
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Posting available assets online.
Increasing sales.
British Airways
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Increase in orders through Ariba buyers.
Employee productivity improved by 48%.
80% of purchases now processed
electronically.
Success Stories cont’d
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Usinternetworking inc.
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Distribution is made easier.
Purchasing is more convenient.
Questions 1
Enter freemarkets.com and explore the
current activities of the company. What
activities FreeMarkets offers to its

customers.
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Online auctions for buyers to conduct
strategic purchasing and suppliers to bid
on business opportunities of goods and
services.
Question 2

Look at six customer success stories (three for
sourcing and three for supplying and asset
recovery) at the company’s Web site. What
common elements can you find?
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Reduction of cost of products.
Increase in suppliers.
FreeMarkets onsite auctions.
Achievements of goals.
Purchases more convenient.
Question 3
Identify additional services provided by the
company to support procurement (sourcing).
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Facilitates faster, more effective
communication.
Contains information about material and
services.
Creates access to best practice, projects
and events.
Question 4

Compare the use of freemarkets.com with the
option of building your own auction site.
 FreeMarkets provides numerous ideas and
solutions for companies to increase their
competitive advantages
 My auction site wouldn’t be as verse as
freemarkets it would be comprise mainly of
products for selling and buying online.
Question 5

Compare FreeMarkets auctions with those
conducted on ebay.
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E-bay mainly sells and buys products and
advertise other products for companies.

FreeMarkets do the same but they deliver
solutions to customers and suppliers of
company’s online B2B marketplace.
Ariba Spend Management
Solutions


Help organizations
overcome challenges
Can help you
accelerate your
organization's
journey