e-Marketplaces: The Initial (95-99)business model The e-marketplace concept started as a new way to procure products,particularly non-production items. E-marketplaces can: Expand everyone's market reach Generate lower price for the buyers Cut operational costs for buyers and suppliers Automating the procurement process will reduce processing cost per order from as high as $150 to as low as $5 per order ■Focus on liquidity Transaction fee paid by the suppliers Serve as a virtual distributore-Marketplaces: The Initial (95-99) business model „ The e-marketplace concept started as a new way to procure products, particularly non-production items. E-marketplaces can: „ Expand everyone’s market reach „ Generate lower price for the buyers „ Cut operational costs for buyers and suppliers „ Automating the procurement process will reduce processing cost per order from as high as $150 to as low as $5 per order „ Focus on liquidity „ Transaction fee paid by the suppliers „ Serve as a virtual distributor