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FAQ or
Frequently Asked Questions are a set of questions generally asked by the organizations who
want to avail of the offers placed by the websites where the
organizations can involve in e-trade, on-line auctions and all
kinds of business deals. By glancing through the questions, one
can get cleared on the different questions or doubts confronting
him/her.
We have placed a number of useful and valid questions to our users
so that they can have the most efficient usage of our website.
FREQUENTLY ASKED QUESTIONS
1. What is timberhunt.com ?
2. What is an on-line market place?
3. Why is an online procurement community
needed in timber and associated Industry?
4. How is timberhunt.com different from
other companies that offer an online marketplace ?
5. Will timberhunt.com recognize my company's
negotiated contracts with suppliers ?
6. What types of organizations are
timberhunt.com members?
7. Who in my organization should use
timberhunt.com?
8. What type of products can I buy or sell
on timberhunt.com?
9.What type of services can I avail of on timberhunt.com?
10. What types of transactions does
timberhunt.com support?
11. What types of services will
timberhunt.com support in the future?
12. What do I need to do to get the
timberhunt.com solution deployed in my organization?
13. Does timberhunt.com support global
business transactions? How are issues like
Currency exchange and customs managed?
14. Does timberhunt.com support confidential
transactions?
1.What is timberhunt.com ?
timberhunt.com is the vehicle for timber and associated companies
and their suppliers to develop a powerful global online
procurement community. Our mission is to be the best operating
vehicle for this community, improving the business performance of
our member organizations by delivering e-transaction, fulfillment
and knowledge-based services that help to reduce the total cost of
ownership for purchased goods and services.
We link buyers and sellers of timber and associated products and
services to deliver greater choice, easier transactions and better
information. We provide integrated procurement solutions that
enable buyers and sellers to transact via online catalogs and
auctions. Over time we will also provide a comprehensive range of
fulfillment services (e.g. quality assurance, finance & insurance,
and logistics & supply chain), tools, resources and community
services that enable members to more effectively manage their
purchasing and sales activities.
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2.What is an online
marketplace?
An online marketplace, often referred to as a procurement portal,
connects buyers and suppliers on the Internet. The backbone of an
online marketplace is its transaction platform, an advanced
software application that lets users search an online E-catalog,
participate in an online auction, complete transactions, and
automate manual tasks. This application often links to existing
systems (such as an ERP system) in your enterprise, to further
automate activities between you and your buyers or suppliers.
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3. Why is an online
procurement community needed in the timber related industry?
Costs for purchased goods & services
represent a significant percentage of total operating expenses for
all timber and the industries produce associated products. That
percentage is higher when costs related to the process of
procurement are considered. These are costs associated with
identifying the right supplier and processing paperwork;
transporting goods and services: and holding goods in inventory
over time. Moving procurement to the Internet can significantly
reduce TCO for key inputs by automating manual tasks, enlarging
the universe of trading partners (thereby increasing opportunity),
and enabling greater opportunity for aggregate purchasing and
collaboration. For example, buyers benefit from expanded access to
a greater number of suppliers, and from increased speed and
effectiveness during the sourcing and purchasing process.
Suppliers can reduce printing and distribution cost by publishing
their catalogs electronically, in a central repository on the
online marketplace. Both buyers and suppliers benefit from reduced
administrative costs because online marketplaces automate many of
the steps in the procurement process, but more importantly gain a
greater amount of time to focus on more value-added activities in
their relationship. In addition, there are significant benefits in
bringing together distinctive knowledge and skill in a wide range
of purchasing areas.
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4. How is timberhunt.com different from other
companies that offer an online marketplace ?
a) timberhunt.com offers a strong business
platform
b) We are dedicated to the timber and associated industry
c) We are focused on procurement
d) We deliver a comprehensive suite of services
e) We offer a network of global buyers and suppliers
f) We offer a market-leading, open technology platform
a) timberhunt.com offers a strong business platform ..
timberhunt.com believes that buyers and suppliers in timber and
associated industry benefit most when their trading relationships
are collaborative and dynamic. To that end, timberhunt.com enables
members to do much more than conduct catalog-based transaction.
Members can participate in auctions and aggregate buying, share
ideas and exchange best practices, and access relevant tools and
information.
b) We are dedicated to the timber and associated industry
timberhunt.com was founded with the single purpose of eliminating
inefficiency across the entire purchasing value chain for the
timber and associated industry. We have no other focus. They are
to assemble the world class talent and deep Asian
industry-specific knowledge to achieve this purpose.
c) We are focused on procurement ...
timberhunt.com understands that there are many pressure points in
managing procurement in the timber and related industry, an
incredibly complex and price-squeezed industry, and one in which
procurement is a major proportion of revenues (approximately 65%).
And we believe that there are many more commercial opportunities
to take unnecessary costs out of the equation, particularly
through leveraging the Internet, and aim to equip our members with
a powerful set of transaction, fulfillment and knowledge services
and tools that enable them to do so.
d) We deliver a comprehensive suite of services ...
No other procurement solution matches timberhunt.com's current
offer, or presents a vision that is quite as compelling.
Members are able to use timberhunt.com to publish and search
online product catalogs, compare supplier prices, issue purchase
orders online, and conduct forward and reverse actions. Members
who integrate our solution with their ERP systems can also use
timberhunt.com to manage purchase orders, tract status of orders,
and manage invoicing. This is, however, only a base offering. We
are building a comprehensive suite of fulfillment services and
knowledge applications relevant to your business to help you
manage operating capital expenditures. We also offer industry news
and market insight to help keep you up to date on the timber and
associated industry with our News and Events section.
e) We offer a network of global buyers and suppliers...
The timberhunt.com community will include the Asia's largest
timber and associated industries and their suppliers. These
organizations represent diverse geographies and sectors of the
timber and associated industry. That provides an ideal environment
for suppliers to market their products and services, and for
buyers to obtain the best prices from qualified suppliers.
In addition to the network of members in the timberhunt.com
community, we are also leading the way to ensure interoperability
across all other market sites. The result is winning solution for
all trading partners: the widest selection of buyers and the
largest market for goods and services.
f) We offer a market-leading, open technology platform
We know that a solid technology platform is key to completing
transactions successfully. Our technology platform also delivers
unparalleled flexibility. Not only is it possible to access and
trade across the timberhunt.com community with a standard browser,
but creating a deeper integration into your ERP systems is simple.
The open standards of the platform mean that timberhunt.com can
talk to any enterprise-wide buying system. Should a company not
wish to make the investment in deploying and integrating such a
system, timberhunt.com has created a hosted environment to assist
in getting full value from the marketplace. This enables companies
of all sizes to participate, no matter what their level of
e-commerce readiness.
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5. Will timberhunt.com recognize my company's
negotiated contracts with suppliers?
Yes, infact a contract-driven purchases are
facilitated by timberhunt.com. Since factors such as price and
payment terms have already been determined, the entire process is
automated, and this can support your contracts already negotiated.
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6. What types of organizations are
timberhunt.com members?
timberhunt.com members range in size from small
companies to large multi-national conglomerates. The
timberhunt.com community includes timber and all associated
products including veener, direct materials, logistics services,
MRO services, utilities, and capital equipment.
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7. Who in my organization should use
timberhunt.com?
In buying organizations, timberhunt.com provides
solutions and content that meet the needs of people ranging from
senior executives and mid-level managers in the purchasing or
procurement departments, to line staff who need to get parts on
time to ensure continued delivery timber and associated
products.In selling organizations, typical users are senior
executives mid-level managers, and line staff in the business
development, direct sales, channel sales, and marketing/E-catalog
management departments.
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8. What types of products can I buy or sell on
timberhunt.com ?
timberhunt.com aims to meet all the procurement
needs of timber related products manufacturers. Suppliers can
offer raw materials, capital equipment, MRO services, insurance
and financial products and logistic services.
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9.What type of services can I avail in timberhunt.com?
Under our services, we offer help in finance &
banking by giving built-in online payment function ability for
buyers using purchasing cards to deal with and buy products from
suppliers. We provide inspection agencies to our registered
members.
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10. What types of transactions does timberhunt.com
support?
a) Direct buy from online
catalogs...
b) Forward and Reverse Auction services...
c) Aggregate Buying Services...
a) Direct buy from online catalogs ...
Suppliers increase their exposure to buyers by publishing
their catalogs electronically with timberhunt.com. It's easy to
upload your catalog initially, as well as update content over
time.
b) Forward and Reverse Auction services ...
Sellers often use forward auctions to sell slow-moving,
excess, or obsolete inventory items or distressed/returned
merchandise. In this model, there is a single seller and many
potential buyers. Buyers use the reverse auction model when
products/services are not available in a catalog or covered in a
contract, or when contracts need to be negotiated. Here, there is
a single buyer and many potential suppliers.
c) Aggregate Buying Services...
timberhunt.com offers a demand aggregation
service to buyers interested in specific product categories. We
use the combined buying power of our customers to negotiate volume
discounts with key vendors in broad product markets. In our model,
timberhunt.com will either negotiate a 'sliding' scale volume
discount structure with several vendors; or, we will use a reverse
auction format and ask vendors to bid on the combined volume
purchase.
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11. What types of services will timberhunt.com
support in the future?
Read about services currently in development at
"Current & Upcoming Services" under the Services option.
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12. What do I need to do to get the
timberhunt.com solution deployed in my organization?
To complete transactions or take advantage of
services offered by timberhunt.com, you need to join the
timberhunt.com network of buyers and sellers. This involves a
quick registration process and close support from the
timberhunt.com Customer Service team to learn more about how it
works & the benefits of buyers & suppliers see the "Listings"
options.
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13. Does timberhunt.com support global business
transactions? How are issues such as currency exchange and customs
managed?
timberhunt.com solutions leverage the
Internet's ability to eliminate traditional barriers to global
trade. In fact, timberhunt.com solutions provide enough
flexibility so members may conduct transactions with companies
half-way around Asia, or just a few miles away. Currently,
timberhunt.com relies on its staff of service specialists to
support issues such, as currency exchange and customs. If you
would like to find out more, please send us an e-mail.
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14. Does timberhunt.com support confidential
transactions?
Yes. timberhunt.com offers a neutral platform
for its online community. All timberhunt.com transactions are
confidential between the buyer and the seller, so that only the
two parties can see prices, terms and other restricted
information.
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