FreeMarkets OnLine® How does FreeMarkets Online create value for its customers? How is it different from existing/traditional models? *<Tab/>Cost savings through lower prices for sourced materials FreeMarkets enables the customers to achieve significant savings in procurement by creating a virtual marketplace, in which multiple suppliers around the world can underbid each other in real-time. There are five steps needed to achieve this, which are handled by …showed first 75 words of 1441 total…

…showed last 75 words of 1441 total…competency. As was mentioned earlier, the market is still growing at a fast rate. FreeMarkets must expand its market as much as possible in order to prepare for the risk of new entries. This could be achieved by a growth-by-acquisition strategy. Acquisition of a supply chain consultancy would enable FreeMarkets to cover a larger customer base immediately. Growth is presently the most effective strategy to avoid competition and to pave the way for future profits.