Marketplace Platforms: Quick and Easy Access to Products. "ORG-Market" – A Raw Materials Marketplace for Buying and Selling Petroleum Products.

This article will discuss why it is more advantageous to work through "ORG-Market" than directly with a manager.

What is a Raw Materials Marketplace?

In 2020, the company "Oil Resource Group" launched the raw materials marketplace "ORG-Market."

It is a niche platform for wholesale buyers, sellers, and carriers of petroleum products, fuel, and petrochemicals. Here, users can sell or purchase petroleum products and petrochemicals, buy them on installments, and arrange for delivery. It brings together buyers, sellers, carriers, and banks in one place.

In 2020, the platform facilitated the sale of 41,000 tons of petroleum products, with revenue totaling about 2 billion rubles.

What Problems Does the Marketplace Solve for Buyers?

The key advantage of the marketplace is the reduction of intermediaries between the buyer and seller.

For businesses consuming large volumes of fuel, it is inconvenient to buy it at gas stations. For example, construction machinery cannot be refueled using a fuel pump.

Such companies prefer to order from wholesale suppliers with delivery to their production sites. Some may require special types of petroleum products only available from oil traders.

To find the most profitable offer, one must call several traders to compare prices, etc. There are many intermediaries between the oil trader and the end buyer, each of whom adds a markup.

The marketplace connects buyers and sellers directly, minimizing human intervention.

Current Prices

The marketplace offers petroleum products at prices without markup or grey schemes. The list of petroleum products, including their prices at the time of shipment, is published on the platform. Users can also view the parameters of the required product and calculate delivery costs.

The transaction terms are entirely transparent. A purchasing manager cannot buy fuel at an unfavorable price with a bonus for themselves, which can happen when one person is in charge of fuel procurement within a company. This creates an opaque and unclear process for business owners.

On the marketplace, all information is publicly available, allowing business owners to control the actions of their procurement managers.

Accredited Suppliers

The marketplace collaborates with oil refineries and major traders who work directly with manufacturers. All of them undergo a multi-step accreditation process.

Only products that the company can actually ship are listed on the marketplace. All seller information is available to users, allowing them to review it before placing an order.

Currently, refineries from Central Russia are represented on the marketplace, offering more than 60 profitable options. In the coming year, "ORG-Market" will significantly expand its geography with offers from vertically integrated oil companies.

All Information in One Personal Account

In the user's personal account, all transaction data is consolidated: order status, total amount, fuel volume ordered, vehicle information, driver contact details, warehouse address for delivery, shipment date, etc.

Buyers do not need to separately request contracts and acts from the seller; all documents are stored in their personal account.

Mobile Application

Information on a transaction, current wholesale prices, or new order placement can be accessed anytime via the "Fuel" mobile application.

Buying Fuel on Installments

Imagine a situation where your company cannot make a full prepayment for an order, but fuel is urgently needed. In such cases, the marketplace offers the option of purchasing fuel on installments, up to three million rubles.

Installment applications are processed in as little as three minutes. No interest is charged for the first month, and then 1.5% per month (18% annual rate). Sberbank provides the installments, with Alfa-Bank and Tinkoff Bank joining soon.

Buying fuel on installments is quite popular. Over ten months, 76 transactions amounting to 58,306,794 rubles were closed using loan funds. You can calculate the fuel cost and place an order on installments.

"Oil Resource Group" is a technological company engaged in raw material trading and asset management in Russia, Europe, and the CIS. The company's turnover in 2020 was 12.5 billion rubles. The founder of the company is Sergey Tereshkin.

How to Start Using the Marketplace

To place an order, register on the marketplace through your browser or mobile app. This takes no more than a couple of minutes. After adding your company information, you can choose a product from the nearest oil refinery. The contract and invoice are automatically generated. If needed, the buyer can select delivery or pick-up options.



Translated using ChatGPT