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Buying and Selling Direct Materials: An Overview
PartBridge.com allows users to buy and sell direct materials (components, parts and materials that are used to assemble your company's products).
To advertise direct materials for sale, a PartBridge user uploads ("posts") a text file with specific information about each item. Similarly, potential buyers post information about materials they would like to buy. PartBridge users that have posted excesses and/or shortages are called "Active Participants."
When a match is found between a posted excess and a posted shortage, PartBridge displays the resulting match at the Buy Opportunities window.
Buyers and sellers of direct materials can also search for materials without posting a text file. Matches found between sellers' searches and buyers' postings result in Sell Opportunities, whereas matches found between buyers' searches and sellers' postings result in Buy Opportunities.
Only "Passive Participants," that is, PartBridge users with no active postings, have the ability to search for Sell Opportunities.
A transaction is opened when the buyer or seller submits an offer or an order to the other party.
While a transaction is open, both the buyer and the seller have several opportunities to cancel the transaction.
A flowchart of the buying and selling process for direct materials is available on the PartBridge website.
For detailed information about how to buy and sell direct materials on PartBridge.com, see these sections:
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