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ProcurePort announces the launch of http://www.woodbrowser.com, a unique reverse auction marketplace that brings buyers and sellers together in the lumber industry
Date:9/5/2013

Indianapolis, IN (PRWEB) September 05, 2013

ProcurePort, a leading provider of On-Demand E-Sourcing software including reverse auction software and services, announces the launch of a unique marketplace for buying and selling lumber. http://www.woodbrowser.com is a marketplace powered by ProcurePort which brings buyers and sellers (lumber mills) together in the lumber industry. Buyers of lumber post their requirements on the marketplace in a reverse auction format, lumber mills bid on those requirements in real time. The real time bidding generates savings for the buyers, without the buyers having to negotiate pricing over the phone.

ProcurePort is embracing 2013 as a banner year thanks to the growing acceptance of E-Marketplaces as a way to bring buyers and sellers together in a dynamic environment. The new breed of marketplaces allow buyers to post their purchase requirements on the marketplace. Sellers, in turn, bid on those requirements in a reverse auction format.

ProcurePort has developed proprietary cloud hosted E-Marketplace software delivered as a SAAS solution. The software allows creation of a marketplace for a specific vertical (eg: Health care services, Telecom, Energy, Building Materials, Lumber, Legal Services etc.) instantaneously with minimal cost.

A typical online marketplace has the following key features:
-Buyer and seller self registration process
-Option to charge buyer and seller subscription fees
-Charge auction transaction fees
-Allow Buyer and Seller to post

Source: PRWeb
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