Melbourne’s North Buying Group
Businesses that take part in group buying benefit from significant cost savings, reduced time sourcing suppliers and increased confidence that they are receiving value for money.
The Melbourne’s North Buying Group is exclusive to NORTH Link and Melbourne’s North Food Group partners and is reducing costs for business areas across external costs such as ingredients, packaging, transport and manufacturing supplies.
“I’m impressed with the service I’ve received from [The Buying Group’s micro testing provider]. They came and collected the samples and had the result within a week. Absolutely fantastic service and at fraction of the price I was previously paying too!”
Deb Graham, Founder, Blue Pear Pantry (MNFG partner)
What is group buying?
Group buying leverages MNFG partner demand to secure competitive pricing and significant savings on a broad range of goods and services.
Partner businesses provide the MN Buying Group with data on their current demand, prices and suppliers. The MN Buying Group uses that data to conduct tender rounds to obtain the best price and best quality.
MNFG partners in the buying group can then order directly from the supplier at no extra cost and with no obligation to purchase.
How businesses benefit from group buying
Goods and services spend can make up 80 per cent of a food manufacturer’s cost base. Group buying provides a fast, effective and low risk option to reduce operational costs for businesses.
MN Buying Group sources suppliers who are committed to giving MNFG partners value, while providing access to a network of clients for suppliers.
Value is created for businesses by:
- consolidating volumes to increase their buying power
- using industry leading sourcing practices and methodologies
- addressing multiple spend categories quickly
- providing ongoing vendor management and continuous improvement.
Suppliers benefit from:
- access to an expanding community of food and beverage producers
- increased sale volumes
- lower customer acquisition costs.