OverviewPrivate Online Auctions
Whether you need to sell a limited supply of overproduction of a single product, or negotiate a multi-year contract for raw materials, transportation and services, we can structure an event to maximize your negotiating advantage. Only the bidders you designate are invited to the event and ChemConnect can handle all of the communication, training and coordination on your behalf.
Depending on your needs, ChemConnect can provide a broad range of services. Prior to a bidding event, we can perform a spend analysis, conduct a price benchmarking study, develop a procurement strategy, or identify new suppliers or customers. Once your event strategy is complete, we can execute and auction using our proprietary, web-based tool. Our project managers and support staff can provide the training, monitoring and event management necessary to ensure you get the optimal results.
In support of our electronic auctions, we employ a proprietary application that has the complexity and flexibility to structure a private, online bidding event designed specifically for your needs. Invited participants will see a simple user-interface allowing them to easily bid on your requirement, and immediately receive feedback on their competitiveness of their bid. You will have a variety of screens and reports to monitor the event in real-time. Behind the scenes, ChemConnect uses the application to configure each event, communicate with the bidders, optimize award scenarios, and ultimately communicate your award decisions.
Our tool has the most advanced bidding design features available, including:
- Multi-variable bidding
- Multi-line bidding with grouping
- Formulaic bidding
- Bid handicapping
- Single or multi-round events
- Dynamic or sealed bid structure
- Real-time bidder feedback
- Configurable event parameters (extension periods, bid improvement rules, etc.)
- Proxy-bidding
- Mass-updating of bids
- Bid analysis reporting and graphing
Our electronic auction platform is secure and dependable. We have conducted hundreds of successful events, on a global basis, supporting hundreds of users in real-time.
Trading Center
With members from more than 9000 companies around the world, ChemConnect is the largest global marketplace for feedstocks, chemicals, plastics and related products. For buyers, we provide tools to help you find the best market price for products, speed negotiations, or find new trading partners. Sellers can connect with thousands of buyers of chemicals and plastics using the Trading Center. You’ll find new customers and new applications for your products, streamline negotiations with existing customers, and move off-spec or slow moving inventory faster than ever before.
What You Can Achieve
Sellers can find new customers and sell prime and off-spec materials quickly and economically. We can help you quickly and efficiently negotiate the best price for your products using dynamic online auctions, automated selling tools, and private customer portals.
Optimize your selling price for prime and off-spec materials quickly, easily, and economically.
Bring all of the players together online, in real-time - without disrupting established sales channels.
Find new customers by responding to automated request for quotes, proposals and information (RFx) or posting your offers to sell for thousands of potential buyers to see.
Improve cash flow and better manage working capital by selling materials faster and at the best market prices.
Sell off-prime materials to new groups of buyers - giving you the opportunity to make money from these materials and cut the time it takes to sell, so you can focus more of your efforts on your most valuable customers.
Buyers can purchase the products they're looking for faster and at the best available price from your current suppliers or from thousands of other companies around the world. We can help you purchase both direct and indirect materials, including logistics and packaging, indirect and MRO materials using our automated request for quotes, proposals and information (RFx) tools, online reverse auctions, and procurement outsourcing services.
Get the best market prices quickly, easily, and economically. Buyers using our online reverse auctions, for larger-volume purchases, save an average of 8 percent.
Significantly reduce procurement costs and maximize your buying power by using our leveraged procurement solutions to aggregate diverse, small-volume purchases.
Negotiate more efficiently with your existing suppliers, in public or in private, as well as with new companies that you invite to the table. You can complete negotiations in half the time it usually takes, using online auctions and automated RFx tools.
Complete negotiations with current suppliers in half the time it usually takes, using online auctions and automated RFx tools.
Prospect for new suppliers easily and efficiently by posting your requirements, so thousands of companies worldwide can see what you're looking for.