Buyer
|
Process
|
Seller
|
Step
1
|
You
define and submit a Request for Quote (RFQ)
|
A
Request-for-Quote (RFQ) is defined, submitted and a reverse-auction date
is scheduled.
|
|
Step
2
|
|
Automatic
email notification is sent to all qualified seller members and new sellers
identified who sell within that product category
|
You
review the email notice and determine if it's an opportunity you would
like to bid on
|
Step
3
|
You
respond to email notifications when questions are posted on a Reverse-Auction
|
If
there are RFQ questions, they are displayed with the answers on the Reverse-Auction's View & Ask Questions screen
|
You
view the RFQ's, post questions you may have, review the answers, and place
your bid |
Step
4
|
You
can monitor the activity
|
The
Reverse-Auction is held until the scheduled end-time
|
You
can monitor the activity and submit lower bids until the time has ended |
Step
5
|
You
receive the seller's contact information and can contact sellers for
your final qualification
|
If
the buyer's sincerity price is met, a notification email is sent
to the buyer with seller's contact information
|
You
may receive buyers' information "if" released by buyer, otherwise,
you must wait to be contacted by the buyer |
Step
6
|
You
select the winning bid
|
A
seller is selected through Sorcity.com
|
You,
as the selected seller, receive buyers' information from Sorcity.com |
Step
7
|
You
confirm the selected seller through Sorcity.com
|
Confirmation
of the sale is received and Sorcity.com sales fees due are charged to
the seller.
|
You,
as the selected seller, are sent an email validation with the buyers' information
from Sorcity.com, and are charged sales fees |
Step
8
|
You
work directly with seller
|
Seller
and Buyer exchange product and settlement independent of Sorcity.com
|
You
work directly with buyer |