Sydney B2B startup Ordermentum, which helps suppliers and retailers in the food and beverage space manage orders, has raised $2.5 million in a Series A round.
Across Australia’s startup scene there are many middlemen and women that are dominating marketplaces not by taking complete market share and owning the space, but by acting as a go between or a connector by building peer to peer, business to business and business to consumer platforms.
There’s lots of tasks and processes that have to go right when importing stock– some of them within our control – like ordering systems, and some of them out of our control – like the price of the dollar. We’ve identified 5 things within our control that have really helped us develop great relationships with our suppliers.
As there are so many suppliers on Alibaba things can get overwhelming and in many cases you will find yourself going around in circles due to the sheer number of suppliers that can provide what you are looking for. As a general rule, I try to cull my supplier selection down to 3 to 5 suppliers. It is no good banking on one factory and it is good to get quotes from at least 3 suppliers so that you know the price you are being quoted is fair.