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Elemica

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Elemica
1. Why is Elemica described as an example of an industry consortia net marketplace? How does it differ from other types of net marketplaces like ChemConnect?
Elemica is not owned by any 3rd party companies. It is actually owned by such members as a consortia net marketplace. Elemica’s objective is planned to offer a long term market place relations to supply direct contributions to the manufacturing process.
ChemConnect is opposite of Elemica, it is actually privately owned by one person. They do have a 3rd party firm that offers a bidding platform for chemical firms and delivers software to organize communications amongst the contestants in the platform.
2. If you were the owner of a small chemical company, what concerns would you have about joining Elemica?
As an owner of a small chemical company, I would need to know about their system and how to operate it. I will want to make sure they would be able to handle an abundance quantity of commodity requests by other business partners. I will want to make sure there is not interference in the system shutting down. I will want to make sure that I am trained well enough to handle and glitches to resolve the problem as soon as possible instead of waiting for a technician to come out. This is all an interference we will want to avoid to help protect the business flow. The great thing is that Elemica does offer a Web portal to help small business owners that may need the technological support. This alleviates the needs for an IT staff member.

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