PPE Exchange
The PPE Exchange is an international clearinghouse of end-buyers and sellers of personal protective equipment designed to be a radically transparent financial platform for institutional entities that decreases transaction friction and risk.
Strike Labs also collects supplier information in a separate portal. Strike Labs created the ability for suppliers, foundations, or manufacturers to sell or donate medical supplies through the PPE Exchange (PPEXNG - www.ppexng.com). This portal manages transactions between hospitals and suppliers, supporting suppliers where to direct supplies, ensuring market pricing, and much more. A vital function of the portal is that reverse auctions could be held. Meaning, hospitals will be able to create a solicitation for suppliers to bid on providing supplies. This helps to drive prices down, create transparency, and drive a competitive market environment.
The PPEXNG captures the current supplies from over 1,200 suppliers. Additionally, the portal collects the supplier information based on the current inventory and supplier production capabilities. When a supplier sells to a hospital, the portal tracks the sale.
