Radiant Globaltech eyes 5,000 suppliers on B2B retail platform by year-end

PETALING JAYA: Radiant Globaltech Bhd is targeting to have 5,000 suppliers on board its AX Retail B2B portal by end-2020 in light of the increasing number of enquiries from retailers as more businesses have reopened since May 2020.

The group is looking to add more notable retailers from supermarkets and hypermarkets, department stores and convenience stores to its retail management portal. Current customers on its portal include suppliers from 7-Eleven Malaysia, Parkson, Aeon TopValu, Sogo, MPH and Manjaku Baby Mall.

AX Retail B2B helps retailers to automate their operations, digitise key functions such as payment processing, inventory management analytics and reporting as well as sales and marketing.

These enhancements not only help boost efficiency in operations, cashflow, and supply chain management, but also maintain business continuity amid the uncertain Covid-19 environment.

Radiant Globaltech managing director Paul Yap Ban Foo said the primary function of AX Retail B2B portal is to redirect retailers’ focus on revenue-generating activities.

“This has enabled our supplier base to grow from 2,000 suppliers to 3,500 from 2018 to 2019, boosted by notable customers secured in

FY2019, including 7-Eleven Malaysia, Sogo and Manjaku Baby Mall. We have seen an increasing number of enquiries because Covid-19 altered the retail landscape, and prompted retailers to reduce reliance on manual processes while maintaining operating efficiency,“he said in a statement.

In the first quarter, it recorded a total of 3,850 registered suppliers as at March 2020, and are expecting to reach 5,000 suppliers by the end of the year.

“With the increased interest in AX Retail B2B portal, we are still expanding our software team as a move to invest in the future,”Yap said.