Related Business
AsianPurchasing.com
Outsourced purchasing management focused on North America and Europe
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PurchasingWeb.com
Community of buyers and buying organizations collaborating on negotiations
PurchasingPortal.com
Business portal with a company and product directory
More Services Offerings
Clearninghouse Escrow
RFQ Preparation
Strategy Training
Bidding Event Promotion
Opportunity Notification
Member Buyers
Purchasing Marketplace provides a dynamic and interactive clearinghouse for members to conduct international trade. Our member buyers are able to lower transaction costs, streamline the procurement process, and reduce cycle times necessary to obtain good and services. Buyers can use Purchaing Marketplace to obtain supplier contacts outside their standard supplier base, to lower costs, and to increase competitiveness.

Purchasing Marketplace is equipped with auction capability that allows buyers to automatically obtain the best price through the competitive bidding process. The automatic negotiation features and access to suppliers can help complement the efforts of a busy purchasing department. Since Purchasing Marketplace can prequalify suppliers for capabilities, buyers can focus on the suppliers that produce the goods they require and can meet appropriate trade requirements.
Member Suppliers
Our member suppliers have access a vast database of RFQs posted by buyers and these suppliers can place real time bids to fulfill buyer requests. For suppliers, purchasing marketplace can provide an additional revenue stream, allow suppliers to obtain new buyer contacts, and decrease production capacity. Suppliers can browse buyer postings and submit bids for these posting in a variety of different formats. Bidding is anonymous so that suppliers can protect their existing channels and yet still obtain new business.

Purchasing Marketplace's advanced search, categorization capabilities, and consistent format benefit suppliers by helping them quickly locate interesting RFQs and submit new bids. Each supplier can set their "profile" that sets the standard set of delivery, payment, and production terms to accompany each bid. Purchasing Marketplace's automation also reduces the award time and enhances the payment process.
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