TOKYO - Mitsubishi Corp. and Commerce One, Inc. have announced an agreement to establish an e-marketplace that will target business-to-business (B2B) e-commerce among Japanese companies in the gas, chemical and utilities industries.
As a Commerce One partner, Mitsubishi Corp. will also become a member of the Global Trading Web (GTW), the world's largest B2B trading community.
The Mitsubishi MarketSite will provide businesses with real-time buying and selling capabilities. It is expected that buyers will gain access to a vast network of suppliers and realize lower purchasing costs, while sellers will maximize returns from an extended buying community.
Mitsubishi will also link its brick-and-mortar business network to the e-marketplace, which will be powered by the Commerce One MarketSite Portal Solution.