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Article: Alibaba.com Reduces Sourcing Cycle Time by Seventy-Five Percent According to New Survey.
- Article from:
- PR Newswire
- Article date:
- August 29, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Online Sourcing 'Comes of Age' as Alibaba.com Allows Buyers to Cut Sourcing
Costs and Achieve Fast Time-to-Market
NEWARK, Calif. and HANGZHOU, China, Aug. 28 /Xinhua-PRNewswire/ -- Sourcing online through Alibaba.com can cut the normal sourcing cycle by 75 percent, according to a new survey released at MAGIC 2006 by the world's largest online B2B marketplace for global trade. Alibaba.com members say it takes about three weeks to find the right trading partner and negotiate a deal through the Web site, compared to the average sourcing cycle of 3.3 to 4.2 months(1).
(1) According to the Aberdeen Group
The survey found that 56 percent of ...