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If you are in the materials business, you are probably used to receiving offers via phone, email, whatsapp, linkedin, etc... You had no great way of tracking your offers and responding efficiently. That is why we launched Network Offers on Matium. This is not a marketplace but rather a place where you can connect with your materials supply chain and send one to one material offers!
Introduction
Network offers in Matium allow you to share a material lot with another company along with terms including the offer weight, buy price and shipping terms. Each offer is one-to-one, meaning it is shared with a single company, allowing you to set different terms for different companies.
You may share a single material lot with multiple companies, thereby creating multiple offers. However, you may only have one active offer out to each company at a time.
Note that you can only send and receive offers with companies you are linked to on Matium. Learn more about setting up links.
Lifecycle
When creating new offers in Matium, you will be prompted to identify the material lot first which will have a total available weight associated with it. You will then be able to share individual offers to buy the lot with one or more links. Each offer will start with an initial status of Offered.
If your company is receiving an offer, you will have the ability to accept, counter or decline the offer. If your company has sent an offer, you will be able to counter as well as cancel the offer at any time.
Once an offer is accepted or countered by the receiving company, the company that sent the offer must confirm the terms of the offer before it is considered a completed transaction in Matium.
Once an offer reaches Confirmed status, contact information for both sides of the offer will be shared allowing the companies to finalize logistics including shipping and payment processing.
Offers will expire automatically if 7 days have passed since the last action was taken.
Once the total available weight for a material lot has been reached, meaning offers have been confirmed for the full amount, any outstanding offers will be automatically cancelled.
Integration with Matium Core
For users of the Matium Core platform, you will be prompted to share either a third-party have or an inventory item when creating a new network offer. This will allow you to centrally manage all offers for a material lot from the detail page of the have or inventory item.
Once an offer is confirmed, an order will automatically be created in Core for you and the weight of the order will be deducted from the weight of the have or inventory item. In this way, the remaining weight of the have or inventory item will always reflect how much of the lot is still available.
Note that Core haves and inventory items, along with orders, are internal to your company only. Creating a network offer with a company you are linked to will not give that company access to your Core data. Below is the only information that will be shared with the company receiving an offer:Material name, description and imageMaterial properties including grade, form, color, etc. Packaging Location of the item only if the terms of the offer are set to FOB Origin (Picked Up)Weight, price and shipping terms as set for each individual offer.
