Redraic Blog

Online sourcing opportunities are growing. Modern global manufacturing is a complex network of suppliers and buyers. To keep manufacturing costs low, buyers need to regularly create cost-effective relationships with new suppliers.

Creating these relationships through the internet has been inefficient and time-consuming. When a buyer needs a component, they have to browse listings on a traditional sourcing site and request individual quotes from companies when possible. The best opportunities can be easily missed.

ComponentBid.com is a rapidly growing new concept. We have turned this process upside-down. Buyers list the components they’re looking for on our site. Suppliers can either browse the site to find the components they’re interested in or sign up for e-mail alerts to receive a message whenever a specific type of component is posted. Once a supplier finds a match, they can make an offer to the buyer to provide that component.

For buyers, this is a simple, easy and effective way to lower the cost of the products you make. If you post a component on our site, you’ll receive cost saving opportunities year round and the best opportunities present themselves. For suppliers this is a great way to be proactive in finding new opportunities to grow your business.

Membership is free and we’re offering $5 through PayPal for a limited time for each new buyer that posts three components for bidding on. Please contact Milhan Sadar, our Marketing Manager

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