2002.09.11hist

Sorcity.com provides Reverse Auction services on the Internet
An Internet hosted, business-to-business Reverse-Auction service for buyers and sellers of both direct and indirect (MRO) items.
Unlike traditional auctions, buyers post items sought (request for quotes) and Sorcity.Com alerts a large population of qualified sellers to bid on those items.
This is NOT a product or software-based service you must purchase, install or support and simply requires Internet access and an email address.
Buyers benefit from:
		Reduced time and expense of traditional sourcing
		Ability to gain the best price available from qualified sellers worldwide
Sellers benefit from:
		Reduced sales and marketing costs
		Ability to gain a new distribution channels and automatic lead generation

Tip 1: Best Price
	Allow the seller to use alternate or comparable brands for a better price.
	Buy in a larger quantity, even if you need to stipulate delivery and payment over time.
	Expand your seller base by not constraining your purchase to a particular state.
	Be careful not to place too many restrictive Terms & Conditions on your RFQ.
Tip 2: Best Deal
	Complete the RFQ Terms& Conditions so that sellers know precisely what they're bidding on.
	Consider including shipping, handling and set-up as part of the RFQ to avoid surprises.
	Provide a longer Reverse-Auction period so more sellers will have an opportunity to evaluate their costs and provide the best bid.
	Fill out multiple line items of like products so the seller has more room to be competitive.
Tip 3: Best Service
	Be detailed in special delivery or install or training requirements when defining the RFQ.
	Commit to a longer relationship and larger quantity if certain performance measures are met.
	Rate seller performance once the transaction is complete to optimize the feedback system.