With traditional supply chains, many manual processes occur that do not compensate suppliers for their time. Suppliers spend countless hours reviewing drawings, answering questions, and calculating quotes — without receiving anything in return.
SyncFab is rebuilding supply chains for Industry 4.0 digital transformation. A new system where time is compensated, sensitive information is kept secure, and suppliers get rewarded for maintaining a responsive supply chain.
Your SyncFab supplier account automatically comes with your own unique MFG Token Blockchain Wallet built in. You can fund your MFG Wallet from 3rd party wallets, earn activity-based MFG Token rewards, or purchase MFG Tokens directly through the platform.
Suppliers earn MFG rewards responding to open RFQs through the SyncFab platform. In exchange for time spent reviewing and responding to these RFQs, you can earn MFG tokens when uploading competitive Quotes in a timely manner. MFG Rewards are more than loyalty points, suppliers can use their MFG Token balance to incentivize PO selection of their RFQ as well as to access upcoming SyncFab platform features.
No it does not! Suppliers can create your profile account to begin receiving MFG Token Rewards immediately based on your activity. All you need to do is sign up and complete our supplier verification process to begin accessing your new account.
Suppliers can use your MFG Tokens for new features being released on the SyncFab platform. MFG Tokens can also be withdrawn into 3rd party wallets or swap-mechanisms.
Suppliers can earn MFG Token Rewards by: getting verified in our network, uploading complete Quotes within 24 hours of receipt, and winning a new PO with your competitive quote.
Buyers can use MFG Tokens to incentivize new RFQ requests to suppliers and to purchase MFG PRTs for Parts Provenance.
