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e-Markets Matching the needs and capabilities of service customers and suppliers. |
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There is more to an e-Market
than simply minimising or maximising a commodity price. Most goods
and services are bought and sold via complex contracts, where price is
just one of many considerations, that might also include delivery terms,
quality of service guarantees, payment terms and conditions, penalties for
failure to meet agreed service levels and many other factors.
Symmetric information model e-Markets can only succeed where the requirements of both the customers and suppliers are respected and catered for. The symmetric information model of the Matching Systems Engine ensures this capability, while its ease of use allows a participant's presence in the market to be changed on demand. Distributed or Centralised The Matching Systems Engine was designed as a distributed system, allowing marketplace designers to choose between a centralised or a distributed implementation according to business requirements. With a distributed solution, participants are responsible for their own presence in the marketplace, even running their own Matching Systems Engine within their systems environment, while remaining connected to those of other participants via the Internet. Managing Complexity Many early attempts to create e-Markets failed due to an inability to manage the complexity of real world goods and services. With its dynamic configuration capability, its use of xml and Web Services standards, and its ability to integrate with existing operational systems, the Matching Systems Engine has overcome these difficulties, and is able to build a wide range of e-Market solutions, including:
© Matching Systems 2007 Ltd., July 2007 |
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