Ranking suppliers according to verified, audited factors with a proprietary scoring algorithm, QualityTrade.com has grown rapidly over first year, QualityTrade reports
Sydney, NSW -- (SBWIRE) -- 10/05/2015 -- QualityTrade marked the first anniversary of the company's successful business-to-business supplier portal at http://qualitytrade.com. Unlike competing wholesale sites, where suppliers are able to spend money to improve their placement in the listings, QualityTrade ranks each supplier according to a range of company-verified metrics. Buyers at QualityTrade.com can therefore be confident of finding reliable, rigorously vetted suppliers, with objective QualityTrade auditors conducting on-site verification of certifications, processes, and credentials. Over the course of a single year, QualityTrade's online Buyer Sourcing portal has grown rapidly, with thousands of businesses now making use of it.
"We're proud to announce the first anniversary of QualityTrade.com," QualityTrade founder and Managing Director Nigel Johnston said, "It has been a truly exciting and rewarding year for us, with rapid growth proving just how much the B2B world has been wanting a service like this. As before, it remains free for both buyers and suppliers to get started, so we encourage anyone who is looking for something better to sign up."
In the age of globalisation, working with suppliers in other countries, and even on other continents, has become the norm for many businesses. Valued at over USD$140 billion, China's Alibaba Group centers upon an online marketplace where manufacturers and wholesalers present their goods to a worldwide audience of businesses needing supplies.
Unfortunately, even with its large scale, many companies have found using portals like Alibaba.com to be a disappointing experience. Supplier capabilities on such sites aren't rigorously independently verified, and suppliers themselves can purchase promotional packages to improve the prominence of their listings. This means buyers can find themselves connecting with suppliers that have large marketing budgets, rather than suppliers who are best equipped to meet their needs.
With a highly experienced team of Australian business-to-business specialists, QualityTrade was founded as an alternative to the pay for promotion model of B2B marketplaces. Making use of a scoring system that incorporates factors including industry-standard credit checks, onsite audits, publicly available data, ISO and product certifications, compliance benchmarking, and more, the company ranks suppliers not according to their advertising spend but with regard to the actual quality of their operations and offerings.
In a sea of competitors of another kind, QualityTrade is entirely unique in this way, and both buyers and quality-focused suppliers have taken notice. With thousands of companies now making use of the QualityTrade.com platform at its first anniversary, it continues to grow rapidly, providing a better way for businesses around the world to establish productive, mutually rewarding relationships.
Connecting buyers with suppliers on the basis of merit, instead of advertising spending, QualityTrade audits and verifies supplier credentials, reducing risk, cutting costs, and making international business more rewarding.