Doug Anderson was kind enough to share with us a quote, on Thursday,
from Mark Walsh, president and CEO of e-businessmarketplace vendor
VerticalNet:
There is a frenzy over buy-side exchanges, but this is
just the press release du jour. It is the first island
in a large ocean of fear. Saving money on procurement
is easy to understand for Wall Street, but it is really
just EDI in drag.
I was going to ask Doug wherever did he find this quote? - as it may
have been taken out of context, as journalists are wont to do. Then I
thought I might save some time, and just see if I could find it in that
august journal of dumb quotes and misinformation, InfoWorld - a
must-read for CEOs and CIOs everywhere. I wasn't disappointed. See
"VerticalNet CEO questions wisdom of supply-side online exchanges," by
Dan Briody (Wednesday, May 17, 2000) in InfoWorld's Past weeks: News and
Features section at http://www.infoworld.com/news/pastweeks_f.html, for
the Week Ending May 21, 2000.
Walsh makes the (probably valid) point that vendors are not likely to
want to expose their catalogs in a free-for-all bazaar, where the only
competitive differentiation would be mere price. But I really don't know
what buy-side exchanges have to do with EDI.
We're long acquainted with EDI-bashing in the press, but this is first
time I've seen something else bashed simply by being *COMPARED* to EDI!
William J. Kammerer
FORESIGHT Corp.
4950 Blazer Memorial Pkwy.
Dublin, OH USA 43017-3305
(614) 791-1600
Visit FORESIGHT Corp. at http://www.foresightcorp.com/
"Commerce for a New World"
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