Field service and retail companies throughout the
World face the same supplier issues.
Let’s take an example of a Flooring company that
has a retail outlet.
They offer over 50 products and each of those
with on average 12 colour variants.
Each supplier and manufacturer makes a price
adjustment 2 to 4 times per year.
This makes approx. 240,000 prices that need to
be stored and changed annually for each retailer.
As they can never keep and track the prices of the
products accurately they must call the supplier or
manufacturer direct for pricing. This is a slow
process involving an exchange of information
between 2 humans.
The manufacturer has a large team of admin
people dealing with client pricing enquiries. They
want to significantly reduce this team.
The retailer is busy and does not want to make
these calls.
An online, real-time pricing platform will take care
of this in one go.
The Komasu platform is being developed to solve this problem.
Secondly, the supplier very often extends credit to
the retailer and sends a monthly or quarterly
invoice.
The supplier has to pay insurance for this, adhere
to credit and lending terms and suffers cash flow
issues because they are extending credit to many
retailers.
They would prefer not to do this but there is no
other mechanism to get short term loans for the
retailers.
Komasu, the centralised block-chain solution will allow
the retailer to get instant loans form the de-fi
apps on the blockchain thereby relieving this
obligation for the supplier
