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Summary

Construction, mining and energy industry are among the least digitalized according to McKinsey report. Stokarti is a digital transformation initiative which defines a digital after sales marketplace without intermediary trades that does not exist previously. The innovative B2B approach of Stokarti allows companies to list and trade surplus materials and assets while protecting the company name.

Problem

There is always an accumulation of parts and equipment in corporations which operates machinery& equipment fleet and give aftersales services. Many brand new parts are discarded after a certain storage time in the warehouse. Equipment which still have a certain lifespan is left to age and rust in the yards. Construction, fleet rental and manufacturing industry related companies share this resource wasting burden.

Solution

Stokarti creates an international ecosystem that connects companies from various sectors including contractors, subcontractors, repair shops, part resellers, equipment rental companies. The ecosystem is equipped with lean tools which includes listing features and request modules that matches product requests to the companies with correct profile. The stokarti ecosystem have three main advantages:

  • The pricing of the surplus items are highly competitive, which generates significant cross border demand, that allows b2b trade scaling in certain regions such as Economic Cooperation Organization, or Arab League.
  • In the traditional purchase concept, procurement lead times are longer for parts or assets that are rarely used or out of fashion. With Stokarti concept, even parts or equipment of the previous decade can be easily provided from Stock with no lead time.
  • And finally Stokarti provide privacy for companies to sell their surplus without damaging their reputation or bilateral trade relations by giving invoicing services and vendor name protection.

Result

Stokarti have nearly 500 members from 53 countries worldwide with a listing of nearly 17.500 items. Stokarti closed deals including spare parts, whole sale liqudation sales and equipment sales not only in the domestic markets but also cross border transactions in east & west Africa and MENA region. Stokarti also competed in Startup challenges such as ITUbigbang and AlibabaCreate with cutting edge technologies. Stokarti will be a corner stone in the digitalization of non-digitalized businesses such as construction, after sales and fleet operations.

For more information please check:

1. What is surplus stock

2. How it works for buyers

3. How it works for sellers

4. Who can list in Stokarti

5. Sustainability