Large companies buy quality products at lower cost by negotiating rate contracts with manufacturers due to higher volumes
# Buy at retail price without contracts or discounts at significantly higher rates with all distribution overheads added up.
# Tend to buy multiple times negotiating each time with different suppliers instead of consolidating their annual demand & negotiating rate contracts
# Group buying associations could allow small players avail benefits like large companies
>> Group buying associations would allow small players avail similar benefits
Buyers operating in similar industries could consolidate their internal demands for common items and negotiate much lower rates for items from reputed brands. This theoritically makes sense but not easy to implement.
Now SourceRFX platform makes the entire workflow of gathering inputs privately, aggregating and analyzing the information. Then floating RFQs for eBidding, negotiating contracted rates with few of the reputed suppliers. Member buyers would be able to easily reorder those items with the click of a button at gauranteed low prices. We onboard manufacturers or distributors of reputed brands only and facilitate delivery through our logistics partners with the provision to make all payments through our portal. This could significantly reduce your procurement costs and administrative costs.
Also help industries in the same vertical or region to share information as a community without compromising any confidential or competitive information