Purchasing Consortium
Its a fact - you spend too much on the things your company needs to buy in order to be in business. Whether it's for actual items such as stationery & computers, services such as accountancy, insurance & legal or utilities like electricty & telecoms you are paying over the odds and the chances are that you know it. However, identifying a problem and rectifying it are not the same thing. If you had all the time in the world you could no doubt become an expert on any given industry and find the best deals available to you based upon your needs. Unfortunately, few of us have the luxury of time and most of us would prefer to spend what we have more profitably and that means purchasing suffers and you resign yourself to paying too much. Or perhaps you delegate the task to a member of staff and then you not only still pay too much but you lose that person's productivity whilst they are busy chasing around for prices and trying to get their head around the industry specific jargon.
Then there's the worry about whether you have got the best price or just one that is lower than some of the suppliers were offering. Let's face it, you are only ever going to get a deal based on how much you are buying and so the sort of price you can negotiate will always be limited to your buying power - buy more and you'll save more but how do you do that when you only need to buy what you need to use?
Fortunately, help is at hand, just join the Montagu Pryce Purchasing Consortium. We leverage the collective purchasing power of members to secure the best deals in the market. But How do we do that?
We start the process by gathering your usage data. We then enter this on to our systems and create a 'Benchmarking' report, that we present back to you. This report summarises your expenditure in the areas you have provided data showing how much you spend, what on, the rates you are being charged and who by as well as the contract dates if there are any. As and when you are approaching the end of a contract we send you the best deals that are available to YOU based upon YOUR specific needs. These deals will be lower than your current arrangements and you have complete control over whether to use one of our suppliers, find your own or keep the one you use at the moment. If you do use ours then you will SAVE a considerable amount of TIME and MONEY.
Here are some reasons we can help you and why you should join now:
Also, each month we send out an email newsletter to consortium members identifying the best current deals in at least 2 key areas that are not normally contracted. You can contact the suppliers, quote your membership number and benefit from the low rates. Or you can stay with your current supplier. It’s your choice. We just present the information so you can make an informed choice. You could even use the information to re-negotiate with your current supplier by getting them to price match.
You can also contact us and ask us to look at a product or service for you. If it’s one we have the latest information on we will supply it to you free of charge. If it’s something we will be covering next month we can supply the information then, again for free. If you need it now we can do the research and present the information to you within a week – there is an additional charge for these ad hoc services (contact us for rates).
- You will receive a unique membership number that will be recognised by the suppliers who offer their services and will guarantee you their lowest rates.
- You get a report that benchmarks your current expenditure in the areas you have provided us with usage data. We use this report to keep you up-to-date on what deals are available when you need them - when contracts are coming to an end.
- You get a monthly email newsletter that will identify a minimum of 2 key areas that are not traditionally contracted with in-depth analysis of the market and the best prices that are currently available.
- You are able to call on us for other products and services that are not covered in the monthly email as and when you need them. If we have the information it’s yours for free. If we will be doing the analysis in the coming months, again, it will be yours for free. If it’s unique or you need it now, we will do the research and present the findings for a modest fee.
- If you are a FULL Member you are covered by the Montagu Pryce unequivocal guarantee - providing you qualify you are guaranteed of saving a minimum amount which we determine based upon your annual expenditure level**. If we cannot achieve these savings for you we will make up the difference. You will be better off by at least the amount covered by your expenditure level. GUARANTEED!
- As a consortium member you will be entitled to significant discounts off other Montagu Pryce services and will receive preferential terms for settling your account - for qualifying businesses, this alone makes the membership fee more than cost-effective.
:: < £50,000 expenditure p.a. Guarantee = £2,000 :: £50,000 - £100,000 expenditure p.a. Guarantee = £5,000 :: > £100,000 expenditure p.a. Guarantee = 5% - capped at £100,000
Choose your membership level - TRIAL, TRIAL Plus or FULL Member - then complete the on-line application form (or print out a hard copy to send / fax back to us), this will assess whether you qualify for the guarantee (non-qualifying companies can still join – just will not receive the guarantee)
By Phone
Not sure about something or just prefer to deal with a person? Then simply contact us and we will ask you some questions to see whether you qualify for the Guarantee and then take down all the necessary details to get you started on the road to savings.
By Post or Fax
Download the form most relevant to your business complete it and either post or fax it back to us.
TRIAL membership provides you with a FREE Bench Marking Report (Cost Schedule) and also with FREE analysis for a SINGLE cost centre (minimum annual spend £10,000, maximum £50,000). If we don't identify any savings there is nothing to pay whatsoever. If we identify savings we offer two alternatives.
- You can pay us a reduced joining fee of £250 to become a limited member of the Consortium (limited to the one cost centre only) and we will supply you with the details to make the savings, you then pay us 25% of the savings we've found, paid Quarterly in arrears.
Or
- You pay us nothing to join the consortium but instead you pay 50% of the savings, paid Quarterly in advance.
FULL membership is charged for at rates that are determined by your level of expenditure in the relevant categories (see below). In addition to the Benchmarking Report and the reminder service FULL members also get a Guaranteed level of savings that works out about 4 times the cost of joining - if someone were to offer you a Twenty pound note for a Fiver, chances are you'd bite their hand off, that's exactly what we offer FULL members but on a more meaningful level. FULL Members can add as many cost centres as they wish and they get significant savings on the fees we charge on our other services - this alone more than pays for FULL membership. Membership fees are as follows:
Less than £50,000 Expenditure p.a.
Quarterly Payments: | £12.50 per week |
OR a Single Payment: | £499 (23.23% saving) |
Savings Guarantee: | £2,000 |
£50,000 - £100,000 Expenditure p.a.
Quarterly Payments: | £25.00 per week |
OR a Single Payment: | £998 (23.23% saving) |
Savings Guarantee: | £5,000 |
More than £100,000 Expenditure p.a.
Quarterly Payments: | 3.5% of spend (capped at £70,000) made up of 4 payments of 0.5% and balance (1.5%) over remaining Quarters when 10% savings achieved |
OR a Single Payment: | 2.5% of spend (capped at £50,000 = 28.57% saving) made up of 1 payment of 1% immediately, followed by balance (1.5%) when 10% savings achieved |
Savings Guarantee: | £10,000 or 5%, whichever is the higher - capped at £100,000 |
All fees are subject to VAT, charged at the prevailing rate.
Also, by providing a TRIAL service we end up with an even higher collective spending power and this helps us make even more savings for members and ultimately more revenue for us.
* The TRIAL membership covers ONE cost centre only. TRIAL members get many of the same features as the FULL members with the exception of the monthly updates, Guarantee and the reduced fees on our managed services.