What types of transactions does timberhunt.com support?
Direct buy from online catalogs… b) Forward and Reverse Auction services… c) Aggregate Buying Services… a) Direct buy from online catalogs … Suppliers increase their exposure to buyers by publishing their catalogs electronically with timberhunt.com. It’s easy to upload your catalog initially, as well as update content over time. b) Forward and Reverse Auction services … Sellers often use forward auctions to sell slow-moving, excess, or obsolete inventory items or distressed/returned merchandise. In this model, there is a single seller and many potential buyers. Buyers use the reverse auction model when products/services are not available in a catalog or covered in a contract, or when contracts need to be negotiated. Here, there is a single buyer and many potential suppliers. c) Aggregate Buying Services… timberhunt.com offers a demand aggregation service to buyers interested in specific product categories.
