 |
Features of Buying Co-operatives
-
Buying co-operative enlists members who buy commonly used products or
services.
-
Through a negotiator, in this case Velocity,
the Buying co-op leverages its combined buying power with suppliers.
-
The co-op negotiator creates interest & competition in the marketplace for
the combined business of the co-op members.
-
Members continue to control their own buying practices.
-
Members use a single source of supply.
- A
long term supply contract with performance criteria
-
Members can opt out of the co-op at will.
Benefits of Buying Co-operatives
-
The combined buying power will leverage deeper discounts for all
co-operative members and therefore reduce direct costs for all members.
-
The combined buying power will exact more competitive terms of sale i.e.
further discounts for early payment etc.
-
Co-op members can receive Web-enabled detailed buying reports from the
supplier.
-
Co-op members can perform buying transactions, if they wish, over the Web
and thereby further reduce their indirect costs and reduce clerical
effort.
|