Digital commodity marketplaces are a hot topic these days, but these disruptive technologies are getting pushback from lumber buyers who trust their “tried and true supplier network.” A breed apart from the new marketplaces, BuyMetrics is a long-standing technology company privately digitizing the buy-side of commodity procurement via a secure portal that allows for private and confidential RFQ’s (price discovery), vendor contracts, and a buyer-centric platform that respects the “relationship purchasing” model.
Paul Dean and Scott Moll, BuyMetrics Vice President of Engineering, consider today’s digital trading tools, the profit opportunity that data and advanced business intelligence tools bring to volatile lumber products, and the whole-of-business benefits of integration with LBM ERP systems.
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