With the rise of the e-purchasing apps, the market is likely to escape the state of monopoly with the gap of between the large and mid sized companies being bridged. Small companies too have the power house of talented resources that can build a apps for the e-purchasing market. The prediction seems positive as here the merger companies will be reaching heights with their acquired patents and skills. With the constant support of the servicing industries who are the pioneers in e-purchasing platform the market growth would be expontential with benefits from the value of e procuremen.
Techendeavour123, Correct. However, large service providers have a tendency to sniff out and acquire smaller players that may end up eating their lunch later. That's why the biggest keep growing at times at the expense of even their customers. In order for smaller players to act as a counterweight to their bigger rivals, the product must be more than equally compelling. It must be outstanding and finding the funds to develop, market and sustain the growth of such products has always been a problem. Some succeed, though, and that's good news.
Great point. We are developing a solution that is in a space with rather large competitors. Based on your comment, is it better to reveal the solution to the public BEFORE the necessary funding is acquired? Or is it better to wait? I only mention this because time is a big factor here since I have heard through the grapevine that a competitor is going to relase something comparable within the next few years.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.