A popular way to implement collaborative supply chain strategies is
by means of trading exchanges or e-marketplaces. There are three general
types of exchanges; independent trading exchanges, consortium trading
exchanges and private trading exchanges. Private exchanges are either
supplier-facing or customer-facing. Nowadays, such exchanges mainly
concentrate on the purchasing of indirect goods.
StarActive offers an array of collaborative capabilities and has
been designed for incremental growth, as needs of participants evolve,
for interoperability with other systems and for individualisation
of services and business processes for all participants. Also StarActive's
capabilities can be offered as add-ons to existing exchanges to
provide true supply chain planning and execution management functionality
that meets the participant's evolving requirements.
Such capabilities include multiple exchange models such as collaborative
RFQs, time phased RFQs, multi-vendor sourcing, collaborative demand
planning, procurement execution, price quoting, available to promise,
fulfilment, channel management, vendor managed inventory program
support, supply chain execution management and inventory visibility.