New net marketplace for the process industries

Process companies will now be able to create private and public marketplaces that integrate real-time information from manufacturing to support collaborative business processes.

Aspen Technology has unvieled the ‘Aspen Marketplace Solution’. Process companies will now be able to create private and public marketplaces that integrate real-time information from their manufacturing operations to support collaborative business processes with their customers, vendors and trading partners.

The Aspen Marketplace Solution combines technology for procurement, catalog aggregation, negotiated commerce, and content management with a platform focused on process industry work processes, and industry best practices for the design/source/make/deliver life cycle of process manufacturers.

The collaboration platform includes business logic management,standard protocol management, change management, role-based security, and the ability to map and integrate business processes among trading partners. Industry best practices include collaborative engineering and design, collaborative e-business work processes, such as vendor managed inventory (VMI), available to promise (ATP) and capable to promise (CTP), as well as collaborative planning, forecasting and replenishment (CPFR).

The commerce engine in the Marketplace Solution incorporates BroadVision’s personalized e-business and commerce technology and Moai’s online negotiation solution. The Aspen Marketplace Solution also incorporates technology from other alliance partners including IBM and Extricity Software.

AspenTech are at http://www.aspentech.com.