Small and Medium-Sized Businesses in the food sector such as small shops, mini-supermarkets, cafes, and bakeries get their goods in wholesale trade. Wholesalers are like middlemen. They are also known as wholesale distributors. These middlemen buy goods in bulk from manufacturers and suppliers. The goods are then stored, packaged, and prepared for sale to smaller businesses and retailers.
The advantage of wholesale trade is that the purchased goods are bought from manufacturers at a lower price but in bulk. This allows them to sell those goods to smaller businesses and retailers in smaller quantities but at a fixed and negotiable price. The benefits of wholesale trade are the financing capabilities, storage of bulk goods in warehouses, smooth supply chain operation with digital transformation in wholesale trade, transportation costs made easy, and a profitable sale of bulk products and goods to SMEs and small retailers at a fixed or negotiable price for SMEs.
E-commerce retailing of wholesale products and goods for SMEs is the easiest solution and tech innovation present. SMEs and small retailers also can benefit from this online wholesale trade innovation by having continuous access to good products. E-retiling is currently used a lot and helps many small businesses and shops to have their products stocked well. E-commerce or online commerce uses the help of technology to access social media platforms allowing them to reach out and engage with these small retailers regularly.
Therefore in this article, we will be sharing insights into a Saudi Arabian B2B marketplace – Sary, which allows SMEs and small retailers to reach out and connect with manufacturers and wholesale distributors online when buying any goods and products in bulk. Co-founded by Mohammed Aldossary and Khaled Alsiari, Sary’s mission is – “to help organizations operate more efficiently and grow”.
About the Co-Founders of SARY:
The Co-founders of Sary are – Mohammed Aldossary who is the Chief Executive Officer and Khaled A. Alsiari who is the Chief Technology Officer. The co-founders started Sary in 2018.
Mohammed’s educational experience includes a Bachelor’s Degree in Business Administration and Organization Studies from York University, and a Master’s Degree in Entrepreneurial and Small Business Operations from the Smith School of Business at Queen’s University. The co-founder continued to work in various leadership roles at different companies since 2012, such as – Creative Manager, Strategy Consultant, Project Lead at RBC Wealth Management, Investment Consultant at Abdulaziz Al Othaim & Sons Holding Company, CEO and Co-Founder of Lbabk, General Manager at Careem and at Circ, and finally co-founded Sary alongside his colleague Khaled A. Alsiari.
Khaled A. Alsiari banded together with Mohammed Aldossary to reinvent the wholesale trade experience. Khaled has a Bachelor’s Degree in Computer Software Engineering from the King Fahd University of Petroleum & Minerals. His career took off in 2009 and has since worked in managerial positions in several companies. With his experience and skills amassed, he applied his knowledge and learning in whatever he did and wherever he went. Khaled became a Project Manager at Remal IT, an IT Solution Manager at Naba, a Business Development Manager at TTP Creative Agency, and then in 2018 co-founded Sary.
Mohammed and Khaled, being entrepreneurs and drivers of changers, started Sary B2B Marketplace to encourage and empower businesses to shift their connections and interactions to online platforms so that operations can be better improved by being more efficient, and adaptable, helping to cut down on a lot of costs and time spent.
About SARY:
This B2B Marketplace or business-to-business marketplace is an online platform made for SMEs and retailers such as mini-supermarkets, cafes, restaurants, and hotels. The e-commerce platform allows businesses to connect with manufacturers, distributors, and suppliers for the smooth and efficient bulk purchasing of goods and products. The company was established in 2018 and launched in 2019, in Dammam, Saudi Arabia.
Integrating the use of both technologies and operations in business to drive efficiency and seamless connectivity, Mohammed and Khaled – the co-founders of Sary started this online platform in the Middle East to bridge the gap in strategic and digital marketing operations between small business owners. “A One-Stop-Shop” in purchasing wholesale goods, Sary allows the purchase of over 30,000+ Stock Keeping Units (SKUs) of popular and in-demand brands at affordable prices via mobile (available on both Google Play Store and Apple App Store) and website applications.
Sary has been funded with around 112 million dollars by investors such as Sanabil Investments, Wafra International Investment, Angel Investors, MSA Capital, and many more. The products and goods that are retailed through Sary help SMEs in stocking their shelves in less than 24 hours. Quick and efficient, offering happy and wholesome discounts, they keep true to their word. Flexible payment methods are also provided to increase customer experience and satisfaction. With smart wholesale trade, Sary is indeed pioneering the B2B Online Marketplace for business owners.