Reverse Auctions Cover – Option – 01.

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Presentation transcript:

Reverse Auctions Cover – Option – 01

Reverse Auction Products Cattle Feed Ingredients Sugar Packaging Chemicals Transport Dairy www.NCDFIeMarket.com

Buyer Advantages Large seller base across the country Buyers cross geographical barriers for procuring products. Administrative cost reduction No administrative and transaction fees for buyers. Price discovery Large seller base enables the buyers in procuring the material with competitive prices. www.NCDFIeMarket.com

Seller Advantages Support in entire process EMD Qualified buyers NCDFI eMarket coordinates the entire process i.e. supplies and payments EMD Faster release of EMD through Escrow Accounts Qualified buyers Buyers requirement is clearly specified which helps sellers to screen every buyer before participating in auctions www.NCDFIeMarket.com

Auction Process Overview Buyers Sellers e-Portal Required Quantity , Location, Delivery period Information, auction setup PRE- AUCTION Sellers Buyers e-Portal Bids FOR price (In lots) Can observe process AUCTION Buyers e-Portal Sellers Winning seller will be intimated Info of L1 price for confirmation POST AUCTION www.NCDFIeMarket.com

How does auction work? The trading event managed by NCDFI The trading process is an “Reserve Auction” Required quantity, place of delivery, Delivery period is announced Bidders bid FOR price www.NCDFIeMarket.com

Receipt of buyers requirement through email www.NCDFIeMarket.com

NCDFI eMarket circulates the notice through email, WhatsApp & NCDFI eMarketApp to all registered sellers www.NCDFIeMarket.com

Seller enters FOR price Sellers Bid Seller enters FOR price Bid time 15 Minutes In case of bid receipt in last 3 Minutes, an extension of 5 Minutes is provided. There can be 3 such extensions. . www.NCDFIeMarket.com

L1 rates will be sent to buyers for acceptance. Post Auction L1 rates will be sent to buyers for acceptance. Buyers will have option to accept or reject these rates. Contract Notes will be issued, if the rates are acceptable to Buyer . www.NCDFIeMarket.com

Registration & Transaction Fees Registration Rs. 5,000/- Annual Maintenance Fees Rs. 5,000/- Buyer Transaction Fees Nil Seller Transaction Fees Flat 0.40% of the transaction value These fees are excluding applicable GST. www.NCDFIeMarket.com

Thank You NDDB D-Lab Campus, Post Box 79, Anand 388 001 +91-2692-288388 | Fax 288399 www.IndiaDairy.coop | www.NCDFIeMarket.com Thank you Page