In this catalog-type commerce model, a Seller lists each available inventory line item at a fixed price. Buyers can order a single line item, or multiple line items from multiple sellers. USBid maintains contracts with leading component manufacturers to ensure the quality and availability of its fixed price components. We provide a complete online RFQ Management System for Buyers and Sellers. USBid then emails an RFQ for the selected parts to the appropriate Sellers, who can monitor all incoming RFQS online.
Sellers can then send online quotes to all Buyers.
We also provide Buyers and Sellers the online ability to track all RFQs, quotes, and responses. RFQ Tutorial Auction Buyers bid on listed parts and are informed of competing bids. A Seller can set the opening price and monitor the bidding process. Our sourcing solutions let you quickly find and buy the parts you need. You can reap significant savings by switching to online procurement.