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.