Buying groups is a term used to describe a body of independent businesses that all come together to purchase products and business services.
So how does a buyers group work, and should you consider joining a buying group for retailers?
How Do Buying Groups Work?
Larger businesses will often benefit from supplier discounts, but when it comes to smaller, independent businesses, they may not have the same buying power due to them not needing items and services in such high volumes.
Buying groups work by bringing together several small businesses that wish to purchase supplies and services. This gives these small businesses the power to negotiate better prices with suppliers, as members of the buying group can come together and place one large order, benefitting from discounts and improving their overall bottom line.
Being part of a buying group for retailers means that you can stay more competitive in your industry by enjoying the same purchasing power of larger retailers.
What Can You Access As Part Of A Buying Group?
Members of buyers groups can get access to excellent deals on items like vehicles, computers and stationery, as well as various services such as legal advice and budgeting support, helping you to cut costs and boost your bottom line.
However, being a part of a buying group for retailers isn’t just about saving money – networking is also an invaluable part of buying groups. Banding together with other independent, like-minded businesses will usually give you an invaluable source of knowledge and advice.
Members can also attend exclusive trade shows to get ahead on the latest market trends and secure new forward orders, driving their businesses' growth.
Becoming A Member Of The AIS Buying Group
With a range of member benefits available once you join a buying group, there’s never been a better time to take your independent business to the next level.
To learn more about becoming part of a buyers group with Associated Independent Stores, please register your interest here.
