• n3 MEMBERS 15,214
  • MONEY SAVED $65,000,000*

What does Business Buying Power really mean?

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Posted by Maddison Brown on 19 Sep 2019

We’ve all heard of the term procurement, but unless your business has internal staff dedicated to procuring goods, you may not know exactly what it means. 

Procurement is defined as:

Dealing with the sourcing activities, negotiation and strategic selection of goods and services that are usually of importance to an organization. Purchasing is the process of how goods and services are ordered.

Large corporates tend to have in-house procurement staff, who deal with the day to day business requirements, constantly keeping a tab on supply costs and purchasing practices in the marketplace. 

At n3, we have business buying power – this means we have the backing in numbers (over 15,000 members) to negotiate the best deals for you with suppliers who provide goods required for your business. We have an inhouse team dedicated to negotiating deals on your behalf, they essentially work as an extension of your team, ultimately saving you time and money.  

Because we have long standing relationships with our suppliers, and offer them market reach to our 15,000 members, it’s in our suppliers’ best interest to give us competitive pricing; which in turn we pass onto our members to improve their operating costs. 

Becoming a member of n3 is simple, our friendly account managers do all the hard work for you. Our focus is upon saving your business’ bottom line, we do this by utilising our business buying power – that you give us by simply being a part of it all.

Check out how much you could save with our Savings Calculator.

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How much could you save?

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