Global Materials Exchange Limited (GMEX) bridges the gap for buyers and sellers by quickly comparing prices and delivery options for steel products. In today's market, GMEX's platform automates manual processes, providing instant pricing and efficient order fulfillment.
Traditional Method: Manual price matching and quotations take hours or weeks.
GMEX Method: Instantly determines optimal pricing and delivery, streamlining steel product transactions.
To make business significantly easier for buyers and sellers of finished metal products.
To deliver the fastest, easiest, most cost-effective way to buy and sell metals.
Today, and as the GMEX platform adds features, we act as more traditional online distributer, with industry experts and a large customer and supplier base. we also currently stock carbon steel pipe and fittings.
Buyers provide their full piping, accessories, and fabrication (if required) requirements to GMEX.
Qualified sellers are notified and return their best price and delivery to GMEX.
GMEX, through its platform, evaluates the offers and provides the best landed price option for the buyer.
The buyer places the order through GMEX, which connects the buyer and seller and receives a commission on the sale.
This happens faster and provides more customers to sellers and pricing options to buyers than the current industry processes.
GMEX is developing an online finished steel order and delivery platform. Through an application in a web browser, users will be able to upload a request for quote to participating sellers, where the GMEX platform chooses and returns the best price and delivery automatically… instantly.
The game-changing difference between GMEX and the traditional process of requesting and receiving bids is not just the speed, but the quality and quantity of suppliers that supply their best price and delivery for the buyer. The platform removes all the time and "friction" in the traditional bidding process by offering instant access to multiple vendors with in-stock material matching the buyer’s requirements and purchasing filters.
Today’s consumers want instant online pricing and the ability to order on the spot with lightning-fast delivery.
The GMEX platform removes the friction from the current process of purchasing finished steel products. The current method of purchasing finished steel shapes involves the customer, typically a manufacturer or contractor, creating a bill of material and sending it to their qualified vendors (steel distributors). The steel distributor’s inside sales representative matches the customer’s request to the corresponding part number and description in their system, gets pricing for the material, manually looks up individual pricing, fills out the quote request, and sends it back to the customer. This process can take anywhere from an hour to a couple of weeks.
The platform automates this and returns the best price and delivery in as fast as seconds.
Not only does the platform return the best price and delivery from a source of multiple vendors, but typically the first distributor to return a price gets the order.