News and Media

Purchase Tenders on DAO.EU

Published on 17 April 2020

dao-purchase-tenders.jpg

New tender feature for DAO.EU

From Monday, April 13th, all DAO participants can now run their own purchase tenders. DAO.EU see huge possibilities for the tender option.

"The DAO.EU purchase tender can be tailored to the specific needs of the company that is running the tender. The main benefits are reduction of the purchasing costs, enhancement of the procurement process and data centralization. We believe the new purchase tender option on DAO is going to provide great outcomes for both buyers and sellers."

DAO Sales and Marketing Manager Richard Klink

This is a great way to signal to the wider market that you are ready for a substantial purchase on a specific product and instantly activates a dynamic and competitive market in which multiple sellers can participate simultaneously.

Once the tender has been completed, simply select which offer or offers you would like to purchase. It’s as easy as that.

"This will be a real game changer for all DAO participants, as it will be yet another way that both buyers and sellers to use the online marketplace as an effective price-setting tool."

Kevin O'Sullivan, Nui CEO

At Nui we’re always looking for ways to open up new markets and channels for trading. The purchase tender on DAO is just another example of how we’re helping trade for a new world.


Back to News and Media

In other news

  • The importance of the global dairy markets
    Published on 16 November 2022

    President of New Zealand-based Nui Markets North America, Ron O'Brien, spoke with Lee Mielke about Global Dairy Trading Struggling in the Nov. 14 Dairy Radio Now broadcast. Read more

  • Going paperless
    Published on 15 November 2022

    In September this year, we saw the best of British ceremony, pomp and tradition as the country mourned for Queen Elizabeth’s passing with a timeless display of historical theatre. Read more

  • What tools are you using to negotiate your trades
    Published on 02 November 2022

    This Bloomberg article should be a wake-up call if you’re still using Private Messaging to negotiate your trades. Read more

  • Winner of Best Emerging Business Award
    Published on 28 October 2022

    Whilst it’s true that winning in the marketplace is the most important recognition that any company seeks, for an emerging business, early in its growth trajectory, the confidence and self-affirmation that comes with winning industry awards also matters. Read more

  • DAO customer event at Madurodam
    Published on 18 October 2022

    Six months on from the acquisition of DAO, Nui Markets hosted its first customer event in several years. Read more