A common theme of well-run buying groups: members join for the financial benefits, but stay for the networking benefits. See below for these Financial and Networking Benefits, and more!
Centralized negotiations on major product categories
Suppliers are selected by the members, for the members. Product committees will vet suppliers' programs and select key supplier(s) to support key product categories. Members will be encouraged to participate on the product committees to help pick the right suppliers for the group.
Rebate programs have been established with all N1 suppliers for our members to earn rebates on their purchases through the Group. Rebates are distributed periodically and are completely confidential to the member and to the supplier.
Central Billing for Improved Invoicing and Payment Processing
N1 Buying Group uses Central Billing technology to streamline the invoicing and payment processing. Central Billing consolidates the invoicing process for the members. Consolidation of invoicing creates efficiencies for both members, which tends to increase sales for suppliers. Suppliers are guaranteed payment based on the terms they determine, resulting in a much more streamlined payment process for participating suppliers.
Improved Payment Terms
With negotiated programs and guaranteed payments to suppliers, members may receive improved payment terms through the Group.
Only purchase through the group when it makes sense for your business
Members are encouraged, but are not required to switch all their purchases through to the Group's participating suppliers. At times, members may be receiving better prices in certain product categories or there may be regional distribution issues that require a member to purchase through a local supplier. At the end of the day, you must do what makes sense for your business!
Exclusive Annual Meetings
Annual General Meeting - Members meeting to discuss industry trends, educational forum, group development, and networking with members and suppliers.
Best Practices Sharing
There is a saying amongst buying groups, and it is that "Members may join for the financial benefits, but they stay for the networking benefits." The sharing of best practices is yet another benefit to members where they can discuss individual best practices in a friendly matter. Even if you are direct competitors. The confidence and comradery is strong within buying groups.
Access to a Forum of Top-Level Member & Supplier Executives
Many members within buying groups develop close relationships with their fellow members to a level where some become close friends.
On top of building relationships with your fellow members, you are granted access to the top-level executives at all members and suppliers within the Group. N1 strongly encourages its members to build relationships with one another and become more active within the Group.
Since the N1 Buying Group is for members it should be governed by members. The N1 Buying Group Board of Directors is composed of appointed members that will determine the direction of the group.
Access to Industry Top-Tier Suppliers
Some of the industry's biggest names and brands are suppliers with N1 Buying Group with confidential rebate programs already in place for member purchases. Top suppliers in Tunnel Equipment, In-Bay Equipment, Roll-Over Equipment, Self-Service Equipment, Primary Chemicals, and more.
Car Wash Start-up Expertise
For those members growing their businesses, N1 Buying Group has access to a collection of experts for best practices in developing or opening a new car wash facility.
Ongoing Customer Service
N1 Buying Group provides ongoing customer service to all members and suppliers to provide you with:
Program Training of payment platforms
General buying group inquiries
Central Billing and invoicing assistance
N1 website and marketing material inquiries
Improved Access and Understanding of Purchases
Each member will have access to reports on purchases they have made through the group to track involvement and determine ways to maximize future rebates by changing their purchasing habits.