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Non-Tech : e-Commerce Stocks - The Undiscovered GOLD

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To: HerbVic who started this subject8/13/2000 10:09:37 PM
From: HerbVic  Read Replies (1) of 105
 
Repeat post; same as posted on CMRC:

This is dated material. Dated April 4, to be exact. But, It gives one a great deal of insight into the industry and the problems CMRC must overcome. I stumbled onto it checking out the NewSteel site heavily advertised on TV lately. Just thought I would share.

AUTOMOTIVE ROUNDTABLE

Improving conductivity through e-commerce
newsteel.com

Mekjian: <excerpt> If [you have] supplier X, which is small, supplier Y, which is small, and supplier Z, which is small, they could collaborate.

Peterson: I'm going to buy this commodity. This is the description I'm going to buy. Anybody else buying the same
thing, and can we pool our buy to get a better price and then we'll divide it up?

Mekjian: With the supplier and customer environment. That is not the same as GM, Ford, Chrysler, Toyota guys
saying: "Hey are you guys going to go buy steel? Let's corner the market on steel." That's not what this is about, or for
resins or any other raw material or even for any kind of major subassembly. That's not what this is about. Our
organization does not do this kind of aggregation. That's what has the supplier base kind of wigged out, that this is
coming down, and that's not the case. That's against the law.
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