MFG.com Unwraps All-New MFG.com Version 5 with 100 + Enhancements
Leading Online Marketplace for Buying and Selling Contract Manufacturing Services Powers Up New Sourcing Functionality for RFQ Creation, Distribution, and Collaboration
Sourcing for suppliers via conventional means of snail mail and mile-high paper engineering drawings is time-consuming and riddled with inefficiency. MFG.com V5 removes the productivity bottleneck with the industry’s most comprehensive, on-demand service to find qualified suppliers with the “right stuff” - the right capacity, the right capabilities, and the right equipment. MFG.com enables the purchasing professional to securely distribute RFQs (request for quotes) and technical information, perform due diligence, and manage the entire sourcing process from the comfort of their desktop. This high-tech approach translates into highly efficient sourcing practices, centralized RFQ management, and confident, informed purchasing decisions.
“We have blazed new sourcing trails with MFG.com V5,” states Mitch Free, CEO of MFG.com. “By adding and refining sourcing features over the past four years, MFG.com has evolved into a world-class service for procuring custom manufacturing services on the Internet. Purchasing professionals will find an ultra-streamlined interface for RFQ creation, distribution, and collaboration. We have paid extraordinary attention to the core needs and requests of our Buyer user base. When it comes to product development, we aim high with every new release. MFG.com V5 is setting new industry standards in automation and sourcing efficiency for the buyer of manufactured-to-order parts.”
MFG.com Version 5 Features Optimize the Entire RFQ Process
MFG.com Version 5 ushers in a plethora of new enhancements starting with the development of a new RFQ Creation Wizard that guides Buyers through a logical process to collect technical, logistical, and distribution information. To ensure highly accurate matches to the optimum number of suppliers, several new options have been added to the wizard to add more qualification detail to RFQs. At anytime during the RFQ creation process, RFQs-in-progress can be saved in a draft status until they are ready to complete and submit for supplier quoting.
Additional RFQ distribution options allow buyers to securely distribute RFQs to:
- suppliers with the right expertise and capacity automatically matched by the system
- suppliers on a preferred supplier list created by the buyer
- out-of-network suppliers that may not be MFG.com members or
- any combination of the above newly integrated features
Exchange Engineering Data with Ease and Security; Eliminate Snail Mail & Paper Drawings from the RFQ Process
Exchanging design and engineering data between buyers and suppliers is easier than ever using MFG.com V5. MFG.com is proud to exclusively offer both eDrawingsÔ (Solidworks Corp., Concord, MA) and thumbnail previews as part of their Sourcing system. eDrawings adds a new level of ease and security for the Buyer. CAD files that are attached to RFQs are automatically converted to the neutral eDrawings format, thus protecting the native CAD data. Potential suppliers can view and investigate the data quickly without the need for CAD software. Thumbnail images of CAD file attachments are also generated automatically to give the buyer and potential suppliers a visual confirmation of the part(s) being sourced.
MFG.com V5 Fortifies Due Diligence Features; Elevates Buyer Confidence to a New Level
One of the most popular features is the MFG.com Rating System (similar to eBay’s Feedback Rating system) for evaluating and rating business transactions. Buyers who have conducted business with MFG.com Suppliers can appraise the supplier in regards to the quality of their work, responsiveness in communication, and on-time delivery. The rating system has been upgraded with additional rating parameters and a new “look and feel.” MFG.com Buyers have come to rely on the proprietary MFG.com rating system as an influencing factor when performing due diligence on potential suppliers.
Buyers also have access to Supplier profiles for due-diligence purposes. Each MFG.com Supplier has an online company profile describing their services, capacity, and unique selling proposition. In the new release of MFG.com, Supplier profiles have been enhanced to provide even more information via digital video, audio, images, brochures, and links to external resources. The Supplier profile now presents greater detail on any special business status a supplier may possess, such as small, disadvantaged, or minority business status. Quality certifications, such as ISO, may now be attached to the Profile. Additionally, a Profile can be emailed to colleagues. Buyers can also request a quote from a specific contract manufacturer with a simple button click from their Supplier Profile.
Buyers Get New Edge with Enhanced Supplier Management System
MFG.com V5 has also spruced up its robust Supplier Management system with new tools and reports. Buyers can now manage multiple preferred supplier lists, and invite/manage out-of-network suppliers to participate in online RFQs. Buyers can discover new suppliers using the MFG.com rich-attribute search technology, analyze the performance of their suppliers, generate spend visibility and spend allocation reports, and more. The system also includes expanded support and additional parameters for exporting single or multiple RFQs to Microsoft Excel for customized comparative analysis.
MFG.com V5 Now Faster, Scalable, Easy-to-Use
While MFG.com’s overall sourcing and quoting process continues to be streamlined, the MFG.com development team has also been at work to integrate leading edge web technologies and programming methodologies to the system. MFG.com V5 is now over ten times faster than previous versions, and is infinitely scalable for future enhancements. Users now have rapid access to the most robust industrial sourcing solution on the Internet. Unlike software applications, MFG.com does not require special hardware or IT support. This ASP web service can be used by any MFG.com member with an Internet connection.
Pricing and Support
MFG.com is a no-commission, non-auction sourcing service. Qualified buyers and engineers register online at www.MFG.com to use the service for free. Suppliers pay a flat annual service fee or may opt for a monthly payment plan. MFG.com customer service is available at no charge to all members.
About MFG.com
MFG.com is the largest global online marketplace for the manufacturing industry. MFG.com instantly and intelligently matches sourcing professionals and engineers with suppliers who have the right expertise and capacity to manufacture parts and tooling on demand in accordance with their engineering drawings and CAD files. MFG.com's on-demand service is consolidating the once- fragmented world of manufacturing into an efficient marketplace, enabling products to be sourced and built more easily, quickly, inexpensively, and at higher quality levels. For more information, please visit http://www.MFG.com.
About MFG.com
MFG.com is the largest global online marketplace for the manufacturing industry. MFG.com instantly and intelligently matches sourcing professionals and engineers with suppliers who have the right expertise and capacity to manufacture parts and tooling on demand in accordance with their engineering drawings and CAD files. MFG.com's on-demand service is consolidating the once- fragmented world of manufacturing into an efficient marketplace, enabling products to be sourced and built more easily, quickly, inexpensively, and at higher quality levels. For more information, please visit http://www.MFG.com.