Freequently Asked Questions
What will be the Buyers experience?
Enterprise customers or business customers can use 1VP for product discovery with comparative offers and place orders directly in the platform. In the complete process, buyers need not register with the end supplier, as the selling entity to the buyer will be 1-vendor-platform or 1VP. Buyer can track both procure-to-pay and dispatch-to-delivery journey through web till delivery and receipt.
What will be the Sellers experience?
Vendors need to register only once in 1VP and they would be able to sell to any enterprise customers or business customers through our platform. They need not register individually to enterprise customers. This would open doors to them for multiple customers across the nation and globe (going forward). Vendors would get quote requests through our portal and get confirmation from the portal on the asked prices. On approval from enterprise, vendor to fulfil as per the process suggested by 1VP team.
How do 1VP eliminate vendor registration requirement?
1VP registers with buyers and vendors register with 1VP. Employing the drop-shipping principle, vendors on 1VP directly ship products to 1VP registered buyers through the platform with Vendors billing to 1VP and 1VP billing to buyers. This ensures a seamless transactions of buyer with all vendors with single registration of 1VP at buyer end.
What is our pricing mechanism?
Product and order pricing in 1VP is transparent, buyer see what vendor decides, 1VP do not add any markup. 1VP generates revenue through technology fees, charging vendors and buyers % of the invoice value or fixed fees per transaction based on the model used.