A short summary of concepts in Matium to help you get started:
Matium Network
Matium Network is a place to connect with other companies in the raw materials supply chain. It is made up of both on-platform Network Companies and off-platform AI-Enhanced Leads.
Network Company
Matium's searchable database of verified material and service providers. Note that companies must enable their public profile to be searchable in the Network.
Link
A connection between two on-platform companies allowing them to do business together on the platform.
Matium Market
The place where buyers and sellers connect. The Market is made up of active supply and demand listings. It is free to host and respond to listings.
Public Offer
A material lot for sale that has been shared with the entire Network. Potential buyers can respond to an offer, which starts a private negotiation between the supplier and interested buyer.
Private Offer
A material lot for sale shared one-to-one with potential buyers. Price, weight and other terms are negotiated on the platform directly between the seller and potential buyer(s).
Private Auction
Suppliers invite select buyers to a private auction and let them compete to find true market value. Transaction fee applies.
Public Request
A material need that has been shared with the entire Network. Interested suppliers can respond with the details of their material, which starts a private negotiation between the buyer and interested supplier.
Real-Time RFQ (Reverse Auction)
Similar to a Public Request, but incorporates Live Bidding into the RFQ process where bidders see the lowest qualified offer in real time, helping buyers to find the lowest cost supply that still meets their material requirements. Transaction fee applies.
Matium Core
Matium Core is your all-in-one material management platform, allowing you to manage all aspects of your business from customer relationships to procurement to logistics.
Company
A company or individual you buy from, sell to, or utilize for services such as shipping or warehousing.
Material
A standard material, including any and all specifications, you regularly work with, buy or sell.
Spot Material
A one-off material that only exists for a singular use or transaction. Spots can not be re-used in Matium.
Have
A specific material lot for sale by a company other than your own. Haves represent your market supply in Matium.
Inventory
A specific material lot that your company owns. Like haves, they may also be for sale.
Need
A specific material demand from your company or another company. Needs represent your market demand in Matium.
Match
A material, price and location rating between a have, inventory item or network offer and a need. Matches are automatically and intelligently generated to allow you to find your best market opportunities.
Order
A buy, sell or trade transaction between a supplier and receiver for a set of material items.
Shipment
Very simply, the pickup and delivery of materials. A shipment will always fulfill a parent order in Matium.
