I2 Partners With Siemens - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

I2 Partners With Siemens

I2 Technologies Inc. (ITWO--Nasdaq) and Siemens IT Service today disclosed plans to jointly develop an online marketplace that will offer electronic-procurement-management services.

The companies will make the services available through i2's TradeMatrix marketplace platform, which provides hosted services for procurement, fulfillment, shopping, planning, and product development.

Under the alliance, the partners will develop customized electronic-procurement services for companies that want to use Siemens as their prime contractor. Siemens will also act as the main customer of the marketplace.

Online procurement management has the potential to streamline product costs and development, the companies say. The Yankee Group, which estimates that business-to-business E-commerce will grow from $138 billion in 1999 to more than $541 billion in 2003, says the cost savings and convenience of online procurement make it a worthwhile investment for companies of all sizes.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2021 State of ITOps and SecOps Report
2021 State of ITOps and SecOps Report
This new report from InformationWeek explores what we've learned over the past year, critical trends around ITOps and SecOps, and where leaders are focusing their time and efforts to support a growing digital economy. Download it today!
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

News
How CIO Roles Will Change: The Future of Work
Jessica Davis, Senior Editor, Enterprise Apps,  7/1/2021
Commentary
A Strategy to Aid Underserved Communities and Fill Tech Jobs
Joao-Pierre S. Ruth, Senior Writer,  7/9/2021
Slideshows
10 Ways AI and ML Are Evolving
Lisa Morgan, Freelance Writer,  6/28/2021
Register for InformationWeek Newsletters
Video
Current Issue
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll