One of the most complex parts of finding new suppliers is qualifying them on cost, quality, and delivery metrics. Finding new suppliers is hard enough, and often, most won’t qualify for one reason or another—whether that’s quality specifications, manufacturing and engineering capabilities, or delivery requirements. For the high-mix, low-volume project, the new commodity your sales team is pursuing, an additional post-production testing process that your current customer is adding, or the search for a machining supplier closer to your manufacturing location, these are all examples of times when you may be looking for procurement from new suppliers. We are excited to introduce MESH Marketplace, which allows buyers and sourcing teams to find and qualify new suppliers within hours or days instead of weeks. Imagine getting 50 new supplier responses to a new RFP/RFQ within 24-48 hours on a machining RFQ!
What is MESH Marketplace?
The MESH Marketplace is a module for buyers & sourcing teams to crowdsource new supplier feedback/pricing with public bids. When you place a bid, it notifies capable, qualified suppliers based on your criteria. Then, suppliers can view & sign the NDA and respond to the bid if approved. It leverages our MESH Sourcing database—a comprehensive, audited manufacturer database featuring over 3,700 suppliers from 40+ countries, spanning 15+ industries, 30+ manufacturing processes, and 100+ commodities. This powerful tool is not just a marketplace; it’s a game-changer for your sourcing needs.
How MESH Marketplace Stands Out
What sets the MESH Marketplace apart is its integration with MESH Sourcing. MESH Sourcing allows for the quality qualification & MESH Marketplace provides the price/cost qualification, the two most significant driving factors in supplier selection. Buyers can view and qualify manufacturers with MESH audits and supplier profiles, ensuring they find suppliers that match their specific requirements. The Marketplace goes a step further by enabling buyers to place public bids visible to all suppliers in our database, allowing them to receive and respond to these bids. This feature shifts the responsibility to suppliers, ensuring they actively seek out and respond to new business opportunities.
Benefits for Buyers
- Effortless Sourcing: Placing a bid on the MESH Marketplace is quick and easy. It requires minimal effort while maximizing the chances of finding quality suppliers. Create a bid, and our system and suppliers care for the rest.
- Broad Reach: Your bids are visible to a vast network of suppliers, ensuring you receive multiple responses. Public bids receive 60+ supplier inquiries on average, giving you plenty of options.
- Ensuring Privacy: Suppliers can access the detailed drawings of your bids once you have approved the NDA, which is built-in through creating a bid for buyers.
- Quality Suppliers: Our supplier database is rich with opportunities, with 500+ suppliers actively looking for new business. This ensures that the suppliers who respond to your bids are genuinely interested and capable of meeting your needs.
Benefits for Suppliers
- New Business Opportunities: The MESH Marketplace is a goldmine for suppliers seeking new business. The opportunities are endless, with hundreds of bids placed by buyers looking for specific capabilities.
- Active Participation: Suppliers can review bids and decide which ones align with their capabilities. This proactive approach ensures that suppliers are connected with buyers who genuinely need their services.
- Global Reach: The MESH Marketplace taps into our extensive global database, allowing suppliers to communicate with buyers worldwide across multiple industries and sectors.
How to Get Started
Getting started with the MESH Marketplace is simple and affordable. For as little as $25 per month per user, your company can gain access to this powerful tool. Whether you’re a buyer looking to streamline your sourcing process or a supplier eager to explore new business opportunities, the MESH Marketplace is designed to meet your needs.
Ready to revolutionize your sourcing process? Create your free user profile today and get started in the MESH Marketplace.