Medibuy.com to Capitalize on Health Care Digital Marketplace Opportunities, Revenue Potential With J.D. Edwards B2B Fulfillment Supply Chain Collaboration
J.D. Edwards Delivers Open Collaborative B2B Solutions
DENVER, May 10 /PRNewswire/ -- The surge in business-to-business (B2B) exchanges around the world has reinvented the way companies buy and sell products. To succeed in this exploding digital marketplace, companies must create an open and collaborative network that leverages the full potential of the Internet and combines key processes like fulfillment, customer service and supply chain collaboration. J.D. Edwards & Company (Nasdaq: JDEC) is leading the effort to provide both traditional and non-traditional markets with the most extensive and interoperable B2B offering. Through internal development efforts and partnerships with leading vendors, J.D. Edwards is delivering today the new processes and technologies needed for open collaboration among buyers, sellers and trading partners.
"By providing a collaborative environment that allows our buyers and sellers to view real-time supply and demand information, we can simplify the purchasing process for everyone involved in our online marketplace," said Dennis Murphy, CEO of medibuy.com, a B2B market exchange for the purchase and sale of medical and non-medical products and services used by the health care industry. "In today's market, open collaboration is the key to survival and success."
According to Gartner Group Inc. expectations, the worldwide B2B e-commerce market will surpass $7 billion (U.S.) by 2004.
"To capitalize on the huge revenue potential associated with B2B, organizations must combine order-fulfillment and supply-chain collaboration with online procurement and order matching. Only by integrating these new business processes will companies be able to transition to the new economy," said Michael Schmitt, J.D. Edwards senior vice president, B2B e-commerce business unit. "Matching buyers and sellers over the Internet can grow revenues immediately, but fulfilling on the customers' expectations is the glue that creates recurring revenue."
J.D. Edwards' recently established B2B E-Commerce Business Unit leverages the B2B strengths of J.D. Edwards' integrated ActivEra(TM) Solutions, including Active Supply Chain, Active Marketplace and Active Customer Relationship Management offerings, as well as its partnerships with industry leading e-business vendors.
About medibuy.com
Medibuy.com operates a business-to-business Internet marketplace for the purchase and sale of medical and non-medical products and services used by the health care industry worldwide. Through its online marketplace, medibuy.com enables buyers and sellers to reduce many of the inefficiencies of the traditional health care supply chain and provides substantial benefits to participating buyers and sellers by reducing order processing and tracking costs and improving the utilization of data relating to products, services, transactions and market trends.
About J.D. Edwards
J.D. Edwards is a leading provider of agile business-to-business software solutions that make new business models work. The Company's integrated ActivEra(TM) Solutions deliver supply chain collaboration and fulfillment, and enable business-to-business trading communities in the consumer products, industrial and services industries. The Company's solutions are web-enabled and operate in multiple computing environments.
Founded in 1977, J.D. Edwards is headquartered in Denver and posted fiscal 1999 revenues of $944.2 million. Additional information can be obtained by contacting the Company via the Internet at www.jdedwards.com or at 800-727-5333.
SOURCE J.D. Edwards & Company
CO: J.D. Edwards & Company; medibuy.com
ST: Colorado
IN: CPR MLM HEA
SU: CON
05/10/2000 08:01 EDT prnewswire.com |
