Online Pricing Tool to Help Bulk Buyers of Builder Hardware

India-based Global Metal Company, a reputed manufacturer and exporter of builder hardware products, has announced that as a part of strengthening its focus on providing better support to customers, the company is launching several new initiatives using IT and digital media.

The company has recently launched a simple, yet effective solution to help bulk buyers to print instant quotations for builder hardware products. The unique online tool, which is available on the company’s official website, generates instant quotations based on the criteria set by the buyers on a real time basis. The key to its effectiveness is the algorithm which automatically calculates the product price based on various parameters chosen by the buyer, said a statement from the company.

It aims to significantly reduce the time required for sending email inquiries and getting quotations from the prospective suppliers. The online pricing module is helpful in solving the most frequent and frustrating problems of delay, faced by buyers especially wholesalers, distributors, retailers - and anyone who requires an idea about the cost of getting a new product manufactured. The online feature allows buyers to print instant quotations with rates on FOB and CIF basis for most of the builder hardware categories.

Raheel Ahmad, Director and founder of Global Metal Company, said: “The company wants to empower the buyers by providing them the convenience to decide their own pricing for the products.”

“Despite technological advancements, the working of the hardware industry hasn’t changed much in almost 100 years, and still largely engages in annoyingly archaic practices and often customer issues pertaining to pricing have gone unresolved, until now,” he said.

“Our company is expanding and increasing its global reach, by adopting new tools for business re-modelling, where buyers and sellers are more in tune with innovation and novelty,” he added.

Ahmad said: “The instant online quote is ideal for people who need to take a quick decision on pricing. It will help importers, wholesalers, retailers and key decision makers who’re looking for stock replenishments, to keep track of the price trends or for developing the new designs of builder hardware. This online tool will positively impact their day-to-day operations.”

“Almost all the major categories of builder hardware and related products are covered under this online tool. The various categories include door hardware, windows hardware, furniture fittings, cabinet hardware, rail fittings, decorative fittings and miscellaneous products" he added.

The online tool allows the buyer to select the relevant product category, approximate order quantity, product weight, desired material (brass/iron/bronze) as well as the finish. The estimated FOB prices and CIF prices are calculated instantly based on the choices made by the buyer. This online tool is probably the first such application launched by any hardware company on its website. Many large insurance companies as well as logistics service providers already have online applications on similar principles, for the convenience of their customers.

At present, the online tool supports two currencies - USD and Euro. However, more currencies are likely to be added shortly, the company stated. It added that the company also plans to launch another feature to show how the products of different finishes would look on different surfaces. More details on it are awaited from the sources and are expected to be released soon.

Issued by the Public Relations Office of the Global Metal Company on 27 April 2016.