New Buyers

cBoxBid.com has signed its 40th company seeking a faster way to procure corrugated packaging via cBoxBid.com's e-commerce platform. Buyers can post an RFQ and manufacturing companies can choose to submit a price. "Sourcing the 32ect Kraft RSC (picture) is where buyers really see the savings" say's Deye, President of cBoxBid.com. "97% of all corrugated companies in the United States can manufacture an RSC and ink 1-3 colors on none, one, or all panels. "Its really the easiest way for a buyer to take advantage of the entire manufacturing community. And our Vendor Ratings take the guess work out of switching vendors."

cBoxBid.com was launched in July of 2008 and has been mentioned in:

http://www.packaging-online.com/paperboardpackaging/Breaking+News+(front+page)/New-Tool-Available-for-Buyers-and-Sellers/ArticleStandard/Article/detail/557985?ref=25

and

Official Board Markets



www.cBoxBid.com

Sustainability

Pratt Industries has a huge recycling program. In fact its raw material is old corrugated containers, but you wouldn't know it. I can remember standing next to the conveyor belt as bales upon bales of paper were first passed over a magnet, then dumped into a huge kettle and slowly mixed into a milky concoction, then viola, paper. If I recall correctly 50 tons a day went up that conveyor.

Pratt Industries pays money for those old boxes and IF your throwing them away in a dumpster, your losing money. Throwing old boxes in a dumpster is what the dumpster people want you to do. Nobody breaks them down and it helps the dumpster fill up quicker, hence more pick-ups.

It baffles me to this day, how all the geniuses at Pratt couldn't offer a recycling and corrugated packaging program that combined both.

But here's a tip: Recycling companies like Pratt will pay you for those old corrugated containers and office paper makes a fine corrugated box as well. So get on the Green band wagon because it may save you money, and you can throw around big words like sustainability.

Manufacturers Beware

Interesting information about fees and or surcharges

New research conducted by Amar Cheema, Ph.D., assistant professor of marketing at Washington University in St. Louis, provides some interesting insights about consumers' perceptions of surcharges.

• Consumers pay more attention to surcharges than what was previously thought
• How consumers think about and respond to surcharges depends, in large part, on the seller's reputation
• When buyers don't trust the seller — they are vigilant of such tactics. In many such cases, his research concludes, buyers will decide against making a purchase
• Participants took longer to make a decision when buying from low-reputation sellers than when buying from high-reputation sellers
• Sellers who divide the total price of a product or service into a base price and a surcharge could prosper when buyers ignore the surcharge
• Surcharges levied by low-reputation companies lower purchase likelihood. Thus, low-reputation companies may benefit more by offering a consolidated price
• High-reputation sellers can post higher surcharges to increase the total price paid by the buyer, but low-reputation sellers cannot do so effectively
• Low-reputation sellers can benefit by absorbing the surcharge into the base price and offering a consolidated price for a product or service

The research, holds interesting implications for businesses and their pricing practices, and looked at pricing data of online sellers, catalogs and service providers.

The paper is available at http://www.olin.wustl.edu/faculty/Cheema/CircSurchargeReputation.pdf

RFQ Dashboard Revealed

On this page - Click on October, than click October 15. If the RFQ Dashboard is not already shown on this page you can view it following those directions.

This is how manufacturers view a buyers RFQ. Manufactures can view all open RFQ's or view by state(s).

cBoxBid.com adds new features

November 3, 2008.

cBoxBid.com adds search by state and allow due dates of RFQ's to be changed. The search by state feature allows manufactures to pull down bid data by state then relevant zip codes. It makes the process of finding RFQ much quicker.

The new "due date change" feature allows buyers to extend RFQ dates based on manufacturer bids or market conditions. This was something buyers had requested and it allow buyers to extend the bid process.