The company believed that leveraging the broad reach of the Internet with online access to product data, pricing and procurement options would yield higher profit margins and sharp sales increases. This evolution was a direct response to independent user research conducted by the company. With realtime purchasing capability, it provides marketplace buyers with a safe, efficient and positive online shopping experience. RFQs are then distributed to qualified vendors who may respond immediately with bids.
Buyers can quickly browse all bids to find the best value.
Auction products are made available for objective review and transactions are handled through secure escrow services. This section functions as an inventory liquidation center. It spotlights user-specified products, rotating images on the marketplace home page. Vendors can specify details and duration of promotion, administrating and tracking all activity from their personal account. It enables realtime purchasing and reporting.