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Benefits

Benefits to Raw Material and Consumable Suppliers

  • Free on-line hosting of live product catalogue
  • Improved supplier payment terms
  • Improved market and competitor intelligence
  • Potential to increase order book
  • Reduced administration activities
  • Opportunities to improve forecasted demand and reduce cost through economies of scale and lower slow moving stock

Benefits to GroupBuy Users

  • Users can generate more accurate and competitive Quotations based on actual costs and availability
  • Access to live data at the point of purchase
  • Comparison of multiple Suppliers based on price, availability and performance
  • Aggregating the purchasing spend with other Users generates greater leverage to negotiate price reductions
  • The closed loop feedback functionality captures any prices or lead-times that are more competitive to ensure that Suppliers continuously review its competitiveness
  • Reduced administration activities searching for the most competitive suppliers
  • Suppliers host their quality approval status using GroupBuy which automatically maintains User Supplier Registers
  • Reduction of slow moving and obsolete stock as Users can market availability to the consortium