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Our Mission Increasing profitability of its members 100% transparency with its members Developing partnerships with its suppliers Listening to its members

Home Page Thank you for submitting your application! Thank you for submitting your application. We appreciate your interest in joining our group. Our team will review your application and get back to you as soon as possible. If you have any questions in the meantime, please feel free to contact us using the information below. E-mail: info@octo.ca 514 525-8515 Phone:

Administration Octo's team consists of 12 permanent employees who manage the following administrative tasks: Processing rebates twice a month. Producing several individual reports for all members monthly. Keeping your business information confidential and not sharing it with other members. Providing suppliers' individual programs and condensed rebate documentation. Preparing all negotiation review meetings and general assemblies. Hosting and organizing the two general assemblies. Conducting and organizing 4 to 6 Executive Board conference calls annually. Recruiting new members on a continual basis. Basics The Octo Purchasing Group does not interfere with the daily operations of its members. Each member maintains their autonomy. You negotiate your day-to-day acquisition costs. All members pay the same fees. Each member has an equal voting right. Committees handle negotiations, not the largest member. Finances No capital is required for bank guarantees, bonds, or letters of credit. To ensure the well-being of all members, financial statements are sent directly to an external auditor annually in complete confidentiality. Financial health of our members is monitored by our corporate standard ratios. Marketing Enhancing your existing communication network with Octo’s members and suppliers. Receiving constant industry updates and notifications. Accessing an efficient and varied communication system, including private and secure website access. Learning about your competition, both internal and external. Establishing or re-establishing links between suppliers and members. Interfacing, networking, and exchanging best practices with other members and vendors. Guidelines Transferring purchase volumes towards supportive Octo vendors is encouraged and beneficial. Honoring the terms afforded to Octo by its suppliers, as image and credibility are very important to Octo members. Undertaking to keep all components of Octo’s rebate book, including negotiation documents, agreements with suppliers, and membership, confidential. Sending financial statements to Octo's auditor annually to ensure membership stability and reliability. Attending Octo’s general meetings. Purchasing Maintaining your established relationships with your suppliers. Preserving your buying autonomy. Adding to your sourcing opportunities. Participating in bulk buy opportunities and group buys. Accessing multiple monthly promotions offered by suppliers. Benefiting from collective buying volumes to maximize day-to-day pricing. Reducing transportation costs by pooling with other members to get the best pricing level and pre-paid (PPD) shipments. Taking advantage of buy/sell opportunities within the group. Moving, selling, or trading surplus or dead inventory in other territories or regions.

Our Board of Directors Dedication. Expertise. Passion. Meet Octo Purchasing Group 's inspiring Board of Directors, and you’ll see why we are aiming high. Our Board members all have an excellent track record of success in their respective business environments. Together, they bring a collective and collaborative business perspective that helps us achieve our mission. Our Board members are committed to providing strategic guidance and oversight and share a long-term vision of Octo Purchasing Group . President Paul Blaik Independent Mechanical Supply Inc. Vice President Brahm Swirsky Next Supply Vice President Laurent Houle J.U.Houle Ltée Secretary Mike Fulton Near North Supply Inc. Vice President Roger Carson Carson Supply Vice President Martin Ménard Évolution Distribution Treasurer Jamie Hutt-Semple Kerr Control Limited Vice President Mireille Gauthier Les Produits BCM Ltée Vice President Dave Englehutt The Master Group

Suppliers Initially partnered with 60 suppliers, the count now exceeds 500 and is still expanding. Annual Business Reviews Octo's suppliers participate in the annual business review process, ensuring transparent communication and collaborative decision-making. Through a committee, led by Octo members, they engage in productive discussions aimed at optimizing mutual benefits, fostering long-term partnerships and building a rebate program that will be beneficial to both members and suppliers. Rebates Suppliers pay rebates on a monthly or quarterly schedule. These rebates are distributed to members twice a month, with no delay or withholding to accrue interest. 100% of the rebates received is promptly returned to members, reflecting Octo's commitment to transparency and maximizing cash flow for its members. Annual Auditing External audits verify the complete distribution of all rebates to Octo members, ensuring accountability and transparency in financial operations. Each June, Octo's financial reports are presented for review and approval during the Annual General Assembly, providing members with insight into the organization's fiscal health. Additionally, monthly aging reports are mandatory, offering a real-time assessment of members' financial status and enabling proactive measures to support their stability.

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