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Membership criteria

Membership criteria:

  • Being a well-established wholesaler or retailer (in business for 10 years).
  • Having sales exceeding $5,000,000.
  • Having combined purchases of $3,000,000 from suppliers within the group.
  • Agreeing to respect the by-laws and rules of Octo, as described in contract.
  • Signing a 3-years membership contract.

Guidelines to follow:

  • Transferring purchase volumes towards supportive Octo vendors is encouraged, recommended and beneficial.
  • Honour suppliers' terms given to Octo (image and credibility are important to Octo members).
  • Undertake to keep confidential all components of Octo’s rebate book including all documents concerning negotiations, agreements with suppliers and membership.
  • Send members' financial statements to Octo 's auditor every year to insure membership stability and reliability.
  • Attending Octo’s general meetings.

 

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