We enable sourcing professionals and engineers to quickly and easily locate qualified suppliers for CNC Machining, Injection Molding, Metal Stamping, Casting, Fabrication and many other processes through an easy-to-use online platform. For suppliers, they find leads and open RFQs every day to help fill available manufacturing capacity. We provide a seamless online system for sourcing to the world’s highest rated suppliers.
30 Day Volume ($M)
Today's Market Value
|Fasteners & Hardware||15,805,027|
|Engineering & Design Services||4,878,518|
|Raw Material & Trim||1,869,876|
|Springs & Wire Forming||376,150|
|Pumps, Valves & Fittings||78,163|
The Annualized Value Is Conservatively Calculated
Here's how we do it:
First, we average the quotes submitted to a particular RFQ. Then we multiply that average by the estimated annual usage specified by the buyer.
If no quotes have been received for a particular RFQ, but the buyer specified a baseline price, we use that number times the estimated annual usage. Once quotes have been received, we begin using the average quote method specified above.
If no quotes have been received and the buyer did not specify a baseline price, we use zero for the value until a quote has been received.
The data we present is understated for the following reasons:
We only count RFQs that have received quotes or have a baseline price specified by the buyer. This fact alone could cause the total RFQ opportunity index to be understated by as much as 30%.
We only calculate the value of the first year's annual usage, when in fact a significant number of RFQs result in recurring orders spanning multi-year relationships. The value of these relationships is incalculable.