SEMMA Buying Group
SEMMA have collaborated with Fulcrum Procurement to offer members the opportunity to join our exclusive buying group, allowing members to take advantage of significant cost savings, reduced time sourcing supplies and increased confidence in getting value for money.
ABOUT THE GROUP
SEMMA have collaborated with Fulcrum Procurement to offer members the opportunity to join our exclusive buying group.
The SEMMA Buying Group allows members to take advantage of significant cost savings, reduced time sourcing supplies and increased confidence in getting value for money.
Group buying is a fast, effective, and low risk way to reduce operational costs. Bringing together a larger group of buyers enables Fulcrum to negotiate the most competitive prices from suppliers by leveraging members’ buying power.
To view pricing and access onboarding packs, SEMMA Members can log-in to the Dashboard.
BUYING GROUP MEMBERS:
- Address multiple spend categories fast
- Consolidate volumes to increase buying power
- Utilize industry leading sourcing practices and methodologies
- Access ongoing vendor management and continuous improvement
HOW IT WORKS
The buying group develops a detailed understanding of the supply market and member requirements. Participating businesses provide the buying group with data, including their current demand, prices, and suppliers to help with planning the tender.
The buying group then conducts a rigorous tender process to identify suppliers that provide the best prices, capabilities and service. The supplier offering best overall value (combination of pricing, quality and service offering) is appointed. To learn more, see “structured sourcing process” below.
Businesses in the buying group can then order directly from the supplier using the regular purchase order process, quoting SEMMA Buying Group. The supplier will apply the agreed discount to all purchases made by businesses inside the buying group.
There is no cost to members and no obligation to purchase. Members are free to continue using their own suppliers or mix and match with preferred suppliers if that suits their needs.