News this week: NASDAQ-listed Global
Sources announced plans to launch a new Request For
Information (RFI) management system in September. The platform aims to create a
smooth, efficient communication process between buyers and suppliers.
According to Global Sources, its RFI system
differs from existing online messaging systems in that it allows users to
communicate seamlessly from their own email accounts or through Global Sources’
own online forms. The system will then capture and analyse incoming and
outgoing communication to help users track the status of RFIs and follow up on
specific sourcing requests. Users will be able to access the system through any
device in order to check on the status of RFIs.
Spencer Au, CEO of Global Sources, remarked, “This represents a
breakthrough in online sourcing communications between buyers and suppliers. In
today’s international trade marketplace, there is an overwhelming glut of often
questionable information online. The problem is how to filter and qualify the
most reliable trade partner to work on a specific sourcing project. We have
invested in this state-of-the-art system to improve the RFI communication
process and further improve our reputation as the best platform for getting
real business done.”
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