MaterialsXchange (MX), a digital marketplace for buying and selling lumber, panels and other building material (LBM) products, has announced the launch of its new e-commerce platform. The updated marketplace offers an ordering process where suppliers can list products either as an “ask” or a “bid” and buyers can receive alerts or order products directly.
LBM suppliers can list their products and the MX platform will auto-fill product descriptions and variants. Suppliers can also view all pending and shipped orders in one place, send invoices and receive automatic payouts and directly connect with buyers looking for specific items. The new platform also provides a one-stop shop for buyers to source what they need, place an order and see real-time shipping prices and delivery updates.
“Since launching in 2020, our focus has been on making it easier for LBM buyers to source the products they need on a single, digital platform,” said Mike Wisnefski, president, MaterialsXchange. “With our new updated platform, we’re making it even easier for buyers and sellers to transact – all with complete transparency and at the click of a button. No longer do orders need to be handled in an antiquated way, but now the entire experience – from accepting digital payments via ACH, to automated sales tax calculation and remittances – makes the MX platform the easiest place for LBM transactions to take place.”
The MaterialsXchange platform currently lists softwoods and panels – from Alder to Elm, as well as OSB and other LBM products. The prices are real-time market prices and buyers will see a complete and final order that includes shipping and handling and taxes.
