At HelloSME, we are committed to providing the best experience and services to add value to our client’s business. We understand that as SMEs, it might be hard to negotiate with suppliers for bulk discounts and challenging to find good suppliers.
Our procurement engines are made to ease every SME procurement journey. With our Group Buy and Reverse Auction engines, we aim to level the playing field between SMEs and suppliers and provide better negotiating power for SMEs.
SMEs often face a problem of not being able to hit the minimum order quantities (MOQ) for suppliers, thus resulting in many suppliers deciding not to transact with them.
Our powerful group buy engine will help to ensure that pricings are democratised by aggregating demand from various buyers to meet the MOQ for volume discounts from the trusted suppliers on FTP. Audits done on our suppliers are all locked down on Blockchain to ensure their legitimacy and validity.
Buyers are able to enjoy the cheapest bulk prices offered by our sellers. By aggregating demand from various buyers via our engine, buyers can enjoy volume discounts that were previously unattainable.
The greater the demand aggregated, the lower the bulk price. HelloSME will help businesses to aggregate the demand so that buyers can just enjoy the benefits of bulk pricing.
Often times, the quantity from a group buy exceeds that of a normal purchase order from a company. By tapping into our engine, suppliers are able to increase sales.
By transacting through our group buy engine, it opens up the market to many SMEs, widening the client base for suppliers. With more buyers on board, there are opportunities to form partnerships with many businesses in the long run as they grow.