E-marketplaces can be structured in several different ways. One way to structure a marketplace is similar to eBay, where the market maker is neither a buyer nor seller, but is a neutral third party. Other e-marketplaces are set up be a consortium of sellers that leverage their combined power to efficiently sell their products to buyers. Buyers can also set up a marketplace to reduce their costs and obtain better purchasing terms.
Centerac has successful built an e-marketplace for its textile division YnFx (yarnsandfibers.com).YarnsandFibers.com is positioned to be the dominant marketplace for the producers, traders, and consumers of yarns and fibres globally. The integrated platform has corporate membership base of companies from over 80 countries.
YnFx (YarnsandFibers.com) provides the members a vibrant environment to do their daily business. Dynamic trading mechanisms have greatly improved the member’s procurement and sales processes. This brings about significant Supply Chain efficiencies and introduces the concept of Customer Relationship Management.
Members have some exciting features to web enable their businesses. Members are be able to create their own personalized environment, control the level of transparency, and deploy various dynamic trading mechanisms to let their businesses take advantages of the Information Technology revolution.
www.FMXINDIA.com was launched in July 2013 at Goa. Centerac built this platform for FOREVERMARK in record time of just 20 days! The concept of this platform is to enable FM Diamantaires and mass-produced jewellery manufacturers to upload their livestock online. All registered FM retailers across India are given login access to FMXINDIA for them to view the above stock and place buy requests online.
Currently we have nine FMDs, four FMMs and over 100 major retail outlets all across India as FMJs as active members of FMXINDIA platform. All members of FMXINDIA are market leaders in their respective business domain.
Rosy Blue, Mahendra Bros, Hari Krishna, Ankit Gems, Shrenuj, Venus Jewel, PlucDiam, Blue Star, Uni-Design, Joy Alukkas, Malabar Gold, Hazoorilal, TBZ, Orra and Rose International are some of the esteemed FMX members.
At present there are more than 5,500 FM diamond stock available online. Centerac and FOREVERMARK are collaborating on adding new features to this platform to make this platform more relevant and useful to all stakeholders.
FMXINDIA has opened new and effective channels for business promotion between diamond companies, jewellery manufacturers and jewellery retailers. It has also opened new ways for viewing and buying stocks among diamond companies online. All members can be addressed via broadcast messages for any common concerns or appreciating best performers. This is an official initiative by DTC Forevermark India team.