Japan e-Market is a new e-marketplace formed by Japan's leading utility companies. It was recently launched, with MarketSet™, as the core technology platform developed by Commerce One, Inc. (Nasdaq: CMRC) and SAPMarkets, Inc. The new e-marketplace, implemented by Commerce One Global Services and Nihon Unisys, a systems integration specialist and an ASP (application service provider), is designed to enable utilities to buy and sell machine parts and materials as well as office supplies online. Suppliers should enjoy seamless interfaces with buyers, exposure to new markets and more standardized processes. Buyers will gain access to new suppliers and benefit from a streamlined supply chain process and lower operating costs. By the fifth year of operation, Japan e-Market estimates that companies connected to the e-marketplace will procure $3 billion (U.S.) in goods and services.
The equity investors of the utilities e-marketplace include Tokyo Electric Power Co., The Kansai Electric Power Co., Inc., Chubu Electric Power., Inc., Mitsubishi Corporation, Mitsui & Co., Ltd., Toshiba Corporation, Hitachi, Ltd., Nihon Unisys, Ltd., Mitsubishi Heavy Industries, Ltd., Tohoku Electric Power Co., Inc., Hokuriku Electric Power Co., The Chugoku Electric Power Co., Inc., Mitsubishi Electric Corporation, Shikoku Electric Power Co., Inc., Kyushu Electric Power Co., Inc., The Okinawa Electric Power Co., Inc.
Harunobu Matsusaka, president and CEO, Japan e-Market, commented on the launch: "To win in this era of accelerating competition, companies need to focus on cost reduction and the rationalization of the procurement process. MarketSet will provide an environment in which our customers can more effectively collaborate with suppliers and manage inventories, while driving costs out of the procurement process. As a result of the world-class platform provided by Commerce One and SAPMarkets, our customers will be able to streamline and improve their current supply chain networks."
MarketSet provides an open e-marketplace platform, powerful applications and integrated business services for collaborative design, planning, procurement and analysis between trading partners. E-marketplaces based on this solution help streamline communication among trading partners for faster decision-making, lower transaction costs, reduced inventories and higher revenues.
Neil Hudspith, senior vice president and general manager, Commerce One, Asia Pacific, said: "We are proud to add Japan e-Market to our growing list of e-marketplace customers. The MarketSet solution provides a unique combination of Commerce One's leading e-marketplace operating environment with collaborative applications from SAPMarkets, enabling a whole new level of collaborative commerce between major corporations. By adding our professional services capabilities to this mix, customers in Japan and beyond will have access to a truly impressive end-to-end e-marketplace capability that is unmatched in the industry."
"Japan e-Market exemplifies how Japanese businesses are recognizing the impact e-marketplaces can have on helping participants remain competitive, reduce costs and better serve their customers," said Zia Yusuf, managing director of SAPMarkets Asia Pacific. "The MarketSet solution enables companies to expand their business reach, while at the same time streamlining their operations with proven business processes. This brings tremendous value to our customers."