COMMUNITY – BECAUSE SIZE IS BEAUTIFUL
As a member of the procurement community, you benefit from lower prices due to higher purchasing volumes.
Above all in indirect procurement, the volume lever is decisive for a favorable article price – and not only in indirect procurement. The higher the quantity, the cheaper the quantity discount and thus the cost per piece – regardless of whether it is an item or a service.
SMEs have a constant disadvantage in purchasing compared to large companies with high purchasing volumes. With our purchasing community we want to make up for this disadvantage.
This is how demand bundling (pooling) works
Every community member gets access to our platform and sees all ongoing needs reports from other members at a glance. With one click he can take part in a bundling of requirements – a so-called pooling – simply by specifying the quantity he would buy at a favorable price. If his needs are not listed anywhere, each member can start their own needs bundling with just a few details. If necessary, also by choosing an article from a listed catalogue.
If necessary, LETSBUYIT.NET™ supplements the need with additional information (e.g. term) and publishes it to all members. After the term has expired, we place the reported requirement on the procurement market by means of an e-auction (“reverse auction”) and achieve a significantly lower price depending on the bundled volume.
As soon as we have negotiated the price with the provider, all participants in the pooling receive a message that they can now order their reported requirement. Ordering and billing then run directly through you and the supplier. And they pay no additional fees or commissions to LETSBUYIT.NET™!