Startups
2021
1-10 Employees
orderspotorderspot is the commercial marketplace for the immediate purchase of customer-specific laser parts.
Address
Mendelstraße 11, 48149 Münster, Germany
Commercial Register
GmbH
Details
Customer Problem
Procurement of industrial components is expensive
Due to the large number of potential suppliers and the high order frequency with a simultaneously low degree of digitalisation, medium-sized companies are unable to realise large savings potentials for the respective individual industrial components and in the process. Our co-founder knows this problem from his own experience as technical manager in a metalworking company and it has been confirmed in hundreds of conversations with buyers and managing directors.Business Model
orderspot receives a commission in the low single-digit percentage range from the contract manufacturer as soon as a customer commissions it. There are no further costs for either the buyer or the contract manufacturer.Technology Description
Fully automated marketplace
In several steps, orderspot will become a tool that carries out the procurement of these components in industry and mechanical engineering fully automatically and autonomously. This already leads to average savings of 15% on the component price. In addition, the procurement costs, which amount to between 5% and 10% of the component price, are reduced to the usual 1% to 2% in other sectors. The time from the first order enquiry with suppliers to the order is reduced from days or weeks to a few minutes.
In the implementation, a marketplace is first set up for the buyers and suppliers involved. Then the participating companies and their systems are integrated more deeply via orderspot. Later, orderspot can initially learn the supplier selection of the current buyers as well as provide decision templates and later act completely autonomously.Market Description
There are over 500,000 companies worldwide that procure metal industrial components from external suppliers for €850 billion annually. This market alone is already huge and the model can easily be transferred to other materials apart from metal. The share of the use of digital procurement is still low, currently around 1% of the total volume, but will grow strongly at a rate of 30% per year until 2030, increasing more than tenfold in that time. The current market environment with major crises and shocks in the supply chains means that companies are willing to explore new avenues in procurement.USP
orderspot is the only marketplace that calculates offers from all manufacturers for buyers of industrial metal CAD components throughout Germany in just a few seconds.
In short: orderspot is a kind of Check24 for these highly individualised industrial components.Videos