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Suppliers

      BENEFITS | REQUIREMENTS | INCENTIVE PROGRAMS

BENEFITS

Expand your business

  • Members across 8 market segments.
  • Differentiate yourself from the competition.
  • Improved business stability through diversification of customers

Communicate directly with the decision maker

  • Know key contacts

Reduce credit risk

  • Annual review of members' financial statements
  • Monthly review of aging reports
  • Compliance of negotiated terms

Consolidate programs

  • Rationalize multiple programs into a group program
  • Standardize terms and conditions
  • 100% of the revenues generated are return to your customers

Promote your business

  • Promotions conducted through the group go directly to the decision maker of each company

Reduce administration cost

  • Singular reporting and settlement

Gain loyalty

  • Fixed group objectives
  • Movement of business towards the most rewarding programs

 

REQUIREMENTS

Octo's vendors are very important to our success. Suppliers are chosen specifically to address the needs of the many market segments Octo participates in.  We are always looking for partners to develop new programs for our members, however before we even consider a new vendor, several requirments must be met :

  • Octo partners only with the TOP market share holders in their respective product category
  • Product line must be established
  • $250,000 minimum requirement of established purchase volume within the Octo group
  • Ability to provide a monthly sales report
  • Interest in developing on going product promotions
  • Desire to design a mutually beneficial market development program
  • $400 annual contribution

 

INCENTIVE PROGRAMS

Suppliers

  • Originally allied with 30 suppliers the number has increased to over 400 and continues to grow

Negotiation meetings

  • Participating into the negotiating process
  • Conducting negotiations by committees

Rebates

  • Suppliers pay rebates on a monthly or quarterly basis
  • Rebates are reimbursed, to the members twice a month. At no time do we withhold members money to generate interest
  • 100% of the rebates received is returned to the members

Auditing Yearly

  • External auditing confirms all rebates are reimbursed
  • Octo's financials are presented for review and approval at the fall general assembly.
  • Aging report is required monthly to monitor members financial situation.

 

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