Ingredientsonline.com, La Mirada, CA, the industry’s first factory-direct marketplace for nutritional raw materials and other ingredients has announced an offer of free 2016 annual bidding service. 
 
Ingredientsonline.com utilized its professional sourcing team and over 1,000 factory connections to help customers in the nutrition, body-building, food, beverage, pet food and cosmetic industries, to source the best combination of price, quality and lead time for its 2016 bidding. 
 
A normal procedure of annual bidding is to send a spreadsheet with next year’s forecast, and invite bidding from multiple distributors or trading companies, let those companies contact factories for the best prices, and reward agents a certain percentage in the form of the service fee. 
 
Sherry Wang, the founder of Ingredientsonline.com commented, “Every year in our industry, billions of dollars go to thousands brokers and trading companies as their profit and service charges. Why pay so much to the middleman, instead of GO-DIRECT? Ingredientsonline.com is a factory-direct platform, and it aims to enhance the transparency and efficiency in the industry. It is the time to let the platform do the work!” 
 
The company said its platform would provide customers value-added service such as quality control, product testing and inspection, liability insurance and fulfillment service. 
 
At this point, the company said more than 1,200 companies have signed up for Ingredientsonline.com service and more than 50 factories joined the “factory-direct” program to sell their products on this platform. “We are aiming for 500 factories and 1500 SKUs by the end of 2016” Ms. Wang added.