Asia-Tech.com

The US-Asia Marketplace for Electronic and Semiconductor Components

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The electronic components market is highly fragmented with a large number of intermediaries, making the supply chain inefficient, and increasing the cost of buying and selling. Moreover, most electronic component transactions involve low volumes and small capital outlays. Asia-Tech will provide a "many buyers-to-many sellers" collaborative vehicle for members to transact and negotiate deals. With a well designed commerce engine, the errors associated with paper based, manual systems will be minimized and relative risk to buyers and sellers will be reduced. Suppliers will be able to offload excess goods while maximizing profit. The efficiency of this marketplace will save buyers search time and give them access to many suppliers which were not previously possible. Within the framework of Asia-Tech, buyers and sellers will be offered two basic services. The first is the classic e-commerce model which allows suppliers to post a product catalogue for goods that can then be searched and purchased. The database will be maintained by Asia-Tech, so data integrity and consistency is ensured. The second service offering is a reverse auction where buyers can post request for quotes (RFQs) and qualified suppliers can post bids against each quote. This case would likely occur if the buyer did not find the item during the search or in cases where a very specialized item is desired. The bidding process is governed by a time period dictated by the buyer. After the auction has expired, the most qualified bids are returned to the buyer in the order of best matches. At this point, the buyer may make an informed decision. Unique to Asia-Tech are the alliances with trading partners. All transactions, once the terms have been agreed to, will be consummated through a trading partner. Trading partners will be assigned to individual transactions by Asia-Tech. Trading partners are responsible for most transaction processing tasks including logistics, fulfillment, collections, delivery, and return handling.
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