ProductWiz Launch

Product Wiz is a Wikipedia for all industrial product related information. It is a marketplace that combines online and offline services to become an unparalleled buying platform for all your industrial buying and selling needs. It also offers the traders/distributors and manufacturers the ability to compete in newer markets and industries.

Product centric approach to online industrial product sourcing :

- ProductWiz is a wikipedia for all industrial product related information. Individual product pages will have details on product data sheet, demo videos/photos, application in industry, awards received, conformity to standards, product approvals, technical parameters, user manual / material safety data sheet, product catalogue/pamphlet etc

- Reverse Auction system to drive down purchase cost. Reverse auction is driven by the buyer and specific to the commercial terms that he wants. Sellers quote lower prices based on the latest lowest bid to win the order. This process helps in price discovery and significantly reduce costs of purchase.

- Deep search ability to identify the right product for the right application. Ability to search products based on multiple technical parameters and compare products across those parameters to identify the right product for the right application

- Connecting with the right supplier base. Identify the right supplier for the product based on location rules of the seller and buyer. Look for manufacturer vs authorised distributors vs traders. Compare quotes across a wide spectrum of suppliers to fit your exact need for credit, lead time to supply and cost of purchase. Enlarge the supplier base.

- Suppliers can aggregate the products that they deal in and create standard websites. This provides a low cost alternative solution to building websites for traders.

Benefits for Buyer:

Product Wiz uses a Product Centric approach to aid the purchase department of industries in driving down purchase costs and works as a sourcing tool with robust enquiry management and reverse auction modules to cater to help the industry in

- Increased transparency in purchasing practice

- Identifying the right products for the right application – product discovery

- Identifying the right supplier – supplier discovery

- Specify, search and comparison of products and suppliers

- Reverse auction system to drive down costs – price discovery

- Key application tags help identify the right product for specific pain points

- Price discovery mechanism helps identify the cost of product vs cost of credit

- ProductWiz network collaborates across regions for supplier discovery enabling the buyer to enjoy the fruits of GST

Benefits for Seller/Manufacturer:

ProductWiz aids the dealers/manufacturers in enhancing product visibility at the point of purchase. This offers a cross pollination of business opportunities across geographies through the ‘brick & click’ model. These are the advantages that Product Wiz offers to the ‘Seller’ :

- Lower cost of customer acquisition when compared to traditional sales channels

- Lower entry cost for online presence with low cost personal website for all the products they deal in and scope for enhancing product mix

- Product differentiator gets highlighted at the time of customer research

- Sourcing of products at lower prices

- Ability to compete in newer markets and thereby leverage the county’s move to GST

- ProductWiz network collaborates across regions and alerts you when there is an enquiry for a product that you deal in – effectively amounts to having a representative across regions at very nominal cost

Why us - ProductWiz Differentiator:

- Not a traditional ecommerce site but a purchase assistance / marketplace portal. Portal with emphasis on purchase assistance rather than emphasis on sales assistance. 

- Unleash the power network of ProductWiz Business Partner Network with functionally expert administrative staff with a coverage ratio of 15 buyers (industrial units) who ensure each enquiry gets the right quotes – locally, pan-india and eventually globally. If the buyer so chooses, the administrative staff will collate the quotations received and provide a decision matrix to facilitate the decision making process for the buyers.

- Tool for price discovery and segregation of cost of credit vs cost of products. ProductWiz can be used to get quotes for multiple commercial terms to identify the cost of credit vs the cost of product

- Ability to control the geographic reach for sourcing supply. To maintain reliability of supply, buyers can define a geographic reach from where they want to source the products. Sellers can also define their territory of operations. Website also enables users to have approved sellers list and approved product lists online to enable participation from only those sources. Feature to blacklist suppliers / buyers.

- High quality leads generated through the platform. Since the buyers need to pay a small fee for raising an enquiry and by pre-qualifying the lead/enquiry, only genuine transactions go through the ecosystem

- Product pages with extensive quality checks to facilitate product comparison across multiple parameters

Visit our website www.productwiz.com. 
For Personalised service call Vivek @ 09655581501 or send email to support@productwiz.com / vivek@productwiz.com

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