How the Site Works

About The Site

As a WCT client you will have the patent-pending WCTBid engine at the core of the target Inventory Asset Management opportunities appropriate to your business needs. Be sure to check out Solutions to see a variety of the applications made possible with the technology and services from Web Component Trading. The "How the Site Works" section illustrates an excess inventory liquidation scenario. In this section you'll gain a basic understanding of the setup, bidding, and closing processes representative of selling excess inventory. Here, then, we have the process overview for an inventory liquidation event:
Web Component Trading Ltd allows members to view, bid and purchase discounted inventory direct from manufacturers. WCTBID.com along with its strategic partners have developed a target-pricing model that forms the underlying bidding process of WCTBID.com.

All inventory advertised on WCTBID.com will have a target price assigned to it. This will enable the bidding party to ascertain what the minimum expected recovery is on certain items.

By bidding the Target Price, members will secure their allocation of this inventory automatically, on the assumption that the inventory is still available.

By bidding below the Target Price, allocation is not guaranteed and the inventory will remain on WCTBID.com until the strategic partner decides to accept the lower bid, or another member bids the Target Price.

All Target Price bids are answered within 24 hours. If multiple Target Price bids for the same inventory are received within a 24-hour period, the strategic partner (the seller) will ultimately allocate the inventory to the highest bid or to the oldest bid if all bids are equal.

Once a bid is accepted, the successful bidding member will be contacted and upon receipt of a Purchase Order and Payment, the inventory will be dispatched from the strategic partner's facility via their carrier.
Standard Freight fees apply to all dispatches from the partner's facility.