MaterialsXchange launches new digital marketplace for wood and other building materials

MaterialsXchange (MX) is a B2B e-commerce and digital marketplace that matches timber buyers and sellers in the United States and Canada through an online platform.

“MaterialsXchange continues to spearhead the digital revolution happening in commodity wood and panels. When buying and selling these products, MX’s speed, efficiency and simplicity are unmatched.” Steve Coppola , Vice President, Renco Supplies.

Chicago (PRWEB)
February 1, 2023

MaterialsXchange (MX), the leading digital marketplace for the efficient buying and selling of wood, panel and other building materials (LBM) products, has announced the launch of a new e-commerce platform. The updated Marketplace (available at materialsxchange.com) offers a streamlined ordering process, allowing suppliers to list products as ‘ask’ or ‘bid’, and buyers to receive alerts or order products directly. You can Brought to you by Mickey, the technology is designed to make the buying and selling process of his LBM for wholesale and block orders easier and more efficient with live real-time order tracking and pricing transparency.

LBM suppliers can easily list their products, and the MX platform auto-populates product descriptions and variants, making the entire inventory setup quick and smooth. Suppliers can also view all pending and shipped orders in one place, send invoices and receive automatic payments, and connect directly with buyers looking for specific items. The new platform also provides a one-stop shop for buyers to source exactly what they need, place orders, and see real-time shipping pricing and shipping updates.

“MaterialsXchange has been and will continue to spearhead the digital revolution happening in commodity wood and panels,” said Steve Coppola, LENCO’s vice president of supply. “When buying and selling these products, nothing matches the speed, efficiency and simplicity of MX. LENCO Supplies is thrilled to see MX lead the industry now and in the future for both wood and panel and other products.”

“Since our launch in 2020, our focus has been on making it easy for LBM buyers to source the products they need on a single digital platform,” said Mike Wisnefski, president of MaterialsXchange. . “Our newly updated platform makes it easier for buyers and sellers to transact. All with full transparency and at the click of a button. No more outdated ways to process orders. But now, from accepting digital payments via ACH to automated sales tax calculation and remittance, the MX platform is the easiest place to conduct LBM transactions.”

“This new platform will disrupt the way the industry has been doing business. We hear users have been asking for it all along.” We can also offer terms that are not agreed upon, which is a win-win for both sides of the deal.”

In September 2022, MaterialsXchange partnered with Mickey, a technology company building a B2B e-commerce platform and marketplace. Leveraging the technology company’s backend operating system, Mickey OS, MX rebuilt its platform to deliver a truly automated and streamlined ordering experience.

Weston Stewart-Tennes, Chief Technology Officer at Mickey, said: LBM buyers will be able to know more about the products they are ordering (including all variations of conventional lumber) along with shipping prices. With MX, there are no hidden fees or unexpected extra charges, and the buyer receives updates on the delivery of his order 24/7. We believe the technology powering the new MX platform will continue to disrupt this outdated industry. ”

The MaterialsXchange platform currently lists softwoods and panels from alder to elm, as well as OSB and other LBM products. The site’s ask/bid pricing structure allows buyers to negotiate a price and once it’s matched, the deal is instant. Prices are real-time market prices and buyers have a complete and transparent view of the final order, including shipping and handling and taxes.

About Material Exchange

MaterialsXchange (MX) is a B2B e-commerce and digital marketplace that matches timber buyers and sellers in the United States and Canada through an online platform. The MaterialsXchange team uses a digital marketplace to modernize the inefficient “call-around” structure of buying and selling timber. MX sellers list timber products daily and bid on what is available in real time, providing timber buyers with total price transparency. Once the price is matched, the transaction will occur instantly. Further updating the process, MaterialsXchange transfers funds electronically and arranges delivery by truck or rail. In 2022, MaterilasXchange has teamed up with Mickey to build his one of the largest and most efficient sawmill platforms on the market today. For more information, please visit https://materialsxchange.com/.

About Mickey

Mickey is a technology company that builds e-commerce marketplaces and platforms for merchandise and other wholesale products. Launched in 2019 and initially focused on forest products, the company integrates on his website for suppliers to manage all aspects of e-commerce for goods (order and payment processing, inventory management, and logistics). In 2021, Mickey launched Mickey Energy, a natural gas trading arm, and in 2022 merged with MaterialsXchange, his B2B e-commerce and digital marketplace for wood building materials. Since its inception, Mickey has raised over $10 million of his, see http://www.Mickey.io for more information.

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