How do High-Volume Bids Work?

To save on high volume purchasing, simply click on any listing in the “High Volume Bids” section. Once on the product page, select ”Request high volume bid” from the tier pricing menu. Fill out the form with required information. When finished, click on “Add and Continue Shopping.” To find an overview of all your products added for negotiating, click on the small gavel symbol in the top right-hand corner. You will be taken to the “High Volume Bid List,” where you can quickly edit the details for any product. To submit your bid, enter a high volume bid name for your reference and click on “Request High Volume Bid.” your All your bids can be found, along with their current statuses, by selecting “High Volume Bids” in “My Orders & Returns.”

The status of any newly submitted bid will initially show as “Pending Seller Review.” It will update as soon as the seller moves to either accept or reject, or to submit a counter-offer. If a counter-offer is made, the status will show as “Pending Buyer Review,” indicating that it’s now your turn to either accept or reject, or to submit a counter-offer of your own. To send a counter-offer, adjust the pricing and submit for review by the seller. To accept the current offer, select “Buy” and proceed to the checkout process. Once checkout is complete, your account manager will reach out to follow up.

To reject an offer, select “Decline.” This will end all negotiations for the product. If you’d like to restart negotiations on a bid rejected by the buyer, click on “ReQuote.” Doing so will copy the product and pricing information, create a new bid, and submit it to the seller for review. If at any point the seller decides to reject a bid and end all negotiations, the status of that bid will read “Declined by Seller.” You may alternatively see a status that reads “Pending Buyer Review (Final Bid),” meaning no more negotiations are possible and you can either accept or reject the seller’s final offer. When the status of a bid reads “Expired,” the bid in question has hit a set expiration date. Statuses update in real time as actions are taken.

What are Benefits of High-Volume Bids?

At Ingredients Online, we know cost savings are a crucial part of supply-chain optimization. That’s why we proudly empower those tasked with mass and wholesale buying. Because we don’t believe in limits to the volume discounts you can receive on bulk purchasing, our high volume bids feature allows you to score special negotiated deals unavailable via the regular tier pricing. Whenever your need for high-volume purchasing exceeds typical amounts, you may be able to benefit via strategic sourcing and competitive bidding. To find out how much you can save on a specific product, simply submit a bid for large-scale procurement. Outcomes will depend on factors such as the seller’s inventory levels and whether the product in question is in high demand.