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Beyond the Bale : December 2017
The Wool Exchange Portal project is well on track to deliver digital opportunities for the wool industry. The new portal is now known as ‘WoolQ’, reflecting its aim to be a digital HeadQuarters for the wool Industry – a centralised, online hub where industry information, data, selling choices and trading opportunities are at your fingertips. Whether you’re a woolgrower, a wool classer, a broker or a buyer, the WoolQ portal will be a tool delivering many benefits to all its users. The build of the WoolQ portal is currently under way and on track for the ‘go-live’ in July 2018. In advance of July, there will be various updates and opportunities for woolgrowers and other wool industry participants to be involved in trialling the portal. Register your interest at www.woolq.com to ensure you are kept up to date. WoolQ is the result of the Wool Selling System Review in 2014, which identified that a digital wool portal would support the advancement of the wool industry. Many months of industry consultation, debate and user workshops ensued, to determine the most desired functionality and best possible user experience. Once launched, WoolQ will be available to users anywhere, any time. Whether users are in a woolshed or out and about, the WoolQ tool can still be accessed. WoolQ can be used on a mobile phone, a tablet, a laptop or desktop computer – 24 hours a day, 7 days a week. For those situations where no Wi-Fi or internet connection exists, a WoolQ app will also be available, so that users can still access and record critical information, such as commencing or completing a digital speci in-shed. WoolQ then automatically syncs when users are back online, updating the data in the portal. The functionality within WoolQ will be extensive. Some of the things you will be able to do on WoolQ include: • Monitor your inventory • See all your data at a glance • Track wool price movements • Complete and submit a speci • Connect with the wool industry. Once launched, there will be many features, including: 1. National Wool Industry Online Network & Forum This will be an online registry and industry discussion forum, that will enable participants to build a rich profile of their business and to network with other wool industry groups and individuals. 2. Central Repository of Woolgrower Data This rich store of data will capture in-shed wool classer data (which will be able to be captured electronically via a digital speci form instead of the current paper speci), as well as wool test results, plus current and historical pricing and sales data. 3. Virtual Selling Tool, or ‘Ready Reckoner’ This will be a user-friendly, online evaluation tool for woolgrowers, providing them with the ability to gauge the value of their wool and determine the optimum selling approach. 4. Bulletin Board of Buying / Selling Interest This feature will be added soon after the main July launch of WoolQ. This will be a visible, interactive marketplace open 24/7 that enables the matching of buying and selling interests for the sale and purchase of any tested/marketable wool. By no means will it replace the open-cry auction, but it will provide visibility and matching of buying and selling interests. A collection of short, easy to follow online tutorials will be available prior to the launch of WoolQ, to help users fully understand the functionality of WoolQ and to maximise the value the portal can deliver to their individual enterprise. A customer service team will also be on hand to answer calls and emails from WoolQ users as they familiarise themselves with the tool. MORE INFORMATION To learn more about the features and benefits of the upcoming WoolQ portal, or to submit a query, log on to www.woolq.com The new online portal now known as WoolQ will launch in July 2018. It aims to provide woolgrowers, classers, brokers and buyers with access to a host of pre and post trade information to improve efficiency and quality across the industry. Once launched, WoolQ will be available to users anywhere, any time and can be used on a mobile phone, a tablet, a laptop or desktop computer. MARKET INTELLIGENCE 65
In the Shops - March 2018