Inquiry and Negotiation
Transaction Management
Reverse Auction
e-Tender
Seller's Virtual Store
Classifieds
Inquiry and Negotiation
Meaning:
Inquiry is sending normal Inquiry where buyer asks seller to give quote for a
particular product and seller replies with his quote or seller offering a quote
for a particular product and buyer replies if he is interested in buying.
Negotiation is similar to normal Negotiation where buyer and seller arrive at
mutually acceptable price or terms by changing original Inquiry/offer.
How it works?
For Buyer:
- Only registered buyer can set an Inquiry.
- Buyer sets an Inquiry by specifying products he wishes to purchase and other
information such as product specifications, quantity, place, date, commercial
& shipping terms and other conditions and finally the closing date of
Inquiry. This Inquiry is posted on plasticsAhead.com's Inquiry section.
- Sellers visit plasticsAhead.com and after viewing this Inquiry submits their
lowest quote in response to Inquiry set.
- If Buyer does not want to set an Inquiry he can just view present offers
posted by sellers by clicking 'current Inquiries/offers' and reply to it if he
is interested in buying.
- Buyer can see the number of replies received by clicking 'View Status'. Here,
there are 2 sections. Section 1 'Inquiry List' (Inquiry set by buyer himself)
& section 2 'Negotiation List' (Offer posted by other party and buyer
replies to it). 'Inquiry List' or 'Negotiation List' as the case may be gives
the replies received from
Sellers and clicking it gives quote and seller name. Buyer can either Delete it
or Buy it or start Negotiation with seller by clicking 'Negotiate'. On Clicking
'Negotiate' Buyer is shown quote and other terms of seller. He can Negotiate by
changing quote or Terms and submit to seller. As buyer has replied to the
seller, the same Inquiry comes Under 'Awaiting counter party action' from the
original 'Awaiting my confirmation'. The same Inquiry comes under 'Items for
confirmation' when the seller has agreed to sell to the buyer and finally, Buyer
accepts this confirmation and Negotiation is complete.
- After Negotiation is over and both the parties confirm Transaction it goes to
'Order Tracking' section where buyer can know exact status of order i.e.
'Confirmed Orders', 'Goods-in-Transit' or 'Goods Received'.
- Buyer can anytime modify his Inquiry by clicking 'Modify Inquiry/Offer'
- Buyer can view all the offers posted on plasticsAhead.com by clicking 'List
All'.
For Seller:
- Only registered Seller can make Inquiry.
- Seller sets an offer by specifying products he wishes to offer for sale and
other information such as product specifications, quantity, place, date
,commercial & shipping terms and other conditions and finally the closing
date of offer. This offer is posted on plasticsAhead.com's offer section.
- Buyer visits plasticsAhead.com and after viewing this offers replies with his
intention to purchase from seller with his own terms such as acceptable product
specifications, quantity, place, date, commercial & shipping terms and also
the acceptable price.
- If a seller does not want to set an offer he can just view present Inquiries
posted by Buyers by clicking 'current Inquries/offers' and reply to it if he is
interested in selling. - Seller can see the number of replies received by
clicking 'View Status'. Here, there are 2 sections. Section 1 'Inquiry List'
(offer set by seller himself) & section 2 'Negotiation List' (Inquiry posted
by other party and seller replies to it). 'Inquiry List' or 'Negotiation List'
as the case may be gives the replies received from Buyers and clicking it gives
quote and Buyer name. Seller can either Delete it or sell or start Negotiation
with Buyer by clicking 'Negotiate'. On Clicking 'Negotiate' he is shown quote
and other terms of Buyer. He can Negotiate by changing quote or terms and submit
to Buyer. As Seller has replied to the Buyer, the same offer comes under
'Awaiting counter party action' from the original 'Awaiting my confirmation'.
The same offer comes under 'Items for confirmation' when the Buyer has agreed to
Buy from the seller and finally, Seller accepts this confirmation and
Negotiation is complete.
- After Negotiation is over and both the parties confirm Transaction it goes to
'Order Tracking' section where seller can know exact status of order i.e.
'Confirmed Orders', 'Goods-in-Transit' or 'Goods Received'.
- Seller can anytime modify his offer by clicking 'Modify Inquiry/Offer'
- Seller can view all the Inquries posted on plasticsAhead.com by clicking 'List
All'.
Online Order Management
Meaning:
Transaction Management (TM) is a Web based service offered by plasticsAhead.com
TM facilitates a buyer/supplier in checking current status of any order. Thus,
It is an order tracking system.
How it works?
For Buyer:
Buyer goes online and checks:
- List of orders placed but not yet accepted/confirmed by supplier
- List of orders accepted/confirmed by the supplier
- List of goods In-Transit
- List of goods received
For Seller:
Seller goes online and checks:
- List of orders received pending for acceptance/confirmation
- List of orders accepted/confirmed pending for dispatch
- List of goods dispatched/sent
- List of goods received by buyer
Reverse Auction
Meaning:
Reverse Auction is the direct opposite of a traditional (forward) auction. The
buyer lists his Products requirement and maximum price he is willing to pay for
it and potential sellers post their bids in a reverse manner-declining price for
buyer.
How it works?
For Buyer:
- Only Registered Buyer can set Reverse Auction.
- Buyer sets Reverse Auction by specifying products he wishes to purchase and
other information such as product specifications, place, quantity, date, maximum
starting bid price, commercial & shipping terms and other conditions and
finally the closing date of Auction.
- Buyer has option to set his Reverse Auction as:
Open for Public
Close - for only registered suppliers of plasticsAhead.com
Selected - for only suppliers registered and Selected by Buyer as preferred
Suppliers
- At the close of Auction, the buyer can accept one or more of the existing
bids. At that point, the bidding process is stopped and the transaction is
considered complete. plasticsAhead.com then sends a transaction confirmation to
the buyer and the seller Whose Bid was selected.
For Seller:
- Any supplier can bid in a Reverse Auction which is for public (open)
- Only suppliers registered with plasticsAhead.com can bid in a Reverse Auction
which is close
- Only suppliers selected by buyer can bid in a Reverse Auction which is
selected.
- Seller post his bid, he provide price, quantity available, and any Exceptions
to buyer's commercial and shipping terms and conditions. Buyer and seller get
immediate access to all details to the ongoing bidding process.
- At the close of Auction, the buyer can accept one or more of the existing
bids. At that point, the bidding process is stopped and the transaction is
considered complete. plasticsAhead.com then sends a transaction confirmation to
the buyer and the seller whose bid has been accepted.
e-Tender
Meaning:
e-Tender is similar to traditional Tender. Buyer sets e-Tender and invites
potential Suppliers to submit their lowest quote for the required quantity and
quality of Product(s) And potential sellers submit (onetime) their lowest
Quotes.
How it works?
For Buyer:
- Only Registered Buyer can set e-Tender
- Buyer sets an e-Tender by specifying products he wishes to purchase and other
information such as product specifications, quantity,place, date ,commercial
& shipping terms and other conditions and finally the closing date of
e-Tender.
- Buyer invites Potential sellers to submit their lowest quote in response to
e-Tender set.
For Seller:
- Any seller (registered as well as not registered with plasticsAhead.com) can
submit his quote in response to an e-Tender set up by Buyer.
- Seller post his lowest quote (one time), he provide price, quantity available,
and any Exceptions to buyer's commercial and shipping terms and conditions.
- After closing date of e-Tender, Buyer evaluates all the quotes received from
sellers and he selects one or more Supplier for his requirement. He informs plasticsAhead.com
about selection plasticsAhead.com then sends a transaction confirmation to the
buyer and the seller whose quote has been accepted.
Seller's Virtual Shop
Meaning:
Virtual Shop is Seller's Virtual Showcase on the Net to show thousands of
prospective buyers on the web, the detailed information about Seller's Profile,
Range of Products, prices, Locations, contact info etc. This Virtual Shop on plasticsAhead.com
is integrated with its Transaction Management System, which generates online
Purchase Order, generates Delivery Challan, Tracks order, Manages Inventory,
Tracks Payment etc. Finally, plasticsAhead.com promotes this virtual shop by
listing it on more than 500 (yes, five Hundred) Search Engines worldwide, which
will generate Inquiries from buyers around the Globe.
How it works?
- Any seller who wishes to expand his reach or increase his sales should contact
plasticsAhead.com and pay necessary set-up charges for setting Virtual Shop
- Seller is given a login and password.
- After login the Seller has to follow some simple steps and provide required
information like product Name, Description, product image, pricing, packing etc.
On finishing all the steps Seller is ready with his virtual shop.
- plasticsAhead.com takes responsibility of marketing this Virtual Shop
worldwide by listing it with 5000 Search Engine. This ensures that Seller gets
Inquiries from Buyers around the world.
Classifieds
Meaning:
Classifieds is similar to Normal Newspaper Classifieds. Buyers and Sellers post
their requirements and availability under various Categories of classifieds.
Categories of Classifieds:
- Buyer's posting
- Seller's posting
- Machinery to Buy
- Machinery for Sel
- Consultants Available
- Consultants Required
- Business offers
- DEPB/SIL Required
- DEPB/SIL for Sell
How it works?
- This is a free service from plasticsAhead.com for any Buyer or Seller
(registered as well as not registered).
- Buyer or Seller has to give required Details about his classified under
appropriate category.
- Buyer and Seller both settle their deal without any action by plasticsAhead.com
|