Introduction
Browse and respond to public requests shared by trusted buyers in the Matium Network.
Browsing Active Demand
Click Market and then Demand to browse all active material requests. Narrow your search by filtering on the type of plastic being requested (Material Type), the company making the request (Requested By), or the location of the need.
Responding to a Request
Click on an individual request to view all details including the needed weight, target price point, material specifications and desired shipping terms, including location if the terms are set to Delivered.
If you would like to send the buyer a material offer in response to the request, click the Respond to Request button in the top right corner.
You will be prompted to select or create a Core Inventory Item to share with the buyer. The Inventory Item describes the specific material you are offering. Provide as much detail as possible, including any and all known material specifications. Finally, provide a Name, Description, Offer Weight, Offer Price, Shipping Terms and Destination Location. The details of your offer will be shared privately with the supplier.
Responding to a Live-Bidding RFQ
When an RFQ is running with Live Bidding, bidders will see the lowest qualified offer price in real-time, which gives you the opportunity to submit a more competitive bid.
After submitting your bid, the buyer will review and then mark your bid as either qualified, conditionally qualified or disqualified. If your bid is conditionally qualified, you can expect a message from the buyer requesting more information such as a TDS or a material sample to help them qualify the offer.
While buyers can accept an offer while the request is live, they will usually wait until the RFQ closes before either accepting or declining your offer.
Responding to a Closed RFQ
When a request is running as a Closed RFQ, bidders will not have any visibility into other offers. The buyer will negotiate each offer individually by either countering, accepting or declining. You will have the opportunity to counter or cancel at any time as well.
Confirming an Offer
Note that transactions are not considered final until a material offer is accepted by the buyer and then confirmed by the supplier. Once confirmed, all contact information for both buyer and supplier will be shared with the other party.