The Times Real Estate

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REASONS TO BUY IN BULK

  • Written by News Company


Do you remember how our parents and grandparents were going to buy? With your baskets, egg cups and glass bottles, why has this changed? Today we want to talk about a trend, or rather, a movement that is resurfacing, buying in bulk.

Support for local commerce. Bulk sales make it possible for small merchants to access the market by selling their products, as they do not have sufficient resources for packaging. Bulk buying groups allow us to reduce many containers and packaging.

And why is it important to buy in bulk? Mainly because of the need to reduce and eliminate a large amount of packaging we dispose of.

Advantages of buying in bulk

These are some of the advantages of buying and selling in bulk:

Only buy what we need. Whether we buy large or small quantities, the purchase by weight allows us to consume what we want without the need for unnecessary packaging. Also, it is very advantageous to avoid wasting food.

Reduce the amount of packaging. From our comfort of continually lowering the garbage, to the urgent ecological need to reduce our amount of waste, since we have the means to process or accumulate them, but take a look at the islands of waste found in the Pacific and the Atlantic.

See what we buy. The purchase to the weight allows us to choose and see the product that we are going to consume since there are no packages that prevent us from seeing its quality and condition.

Packaging and simplifying logistics (processing, time, packaging, packaging, transport weight, etc.).

39.9% of the plastic generated in the world is for the manufacturing of packaging. Therefore, buying bulk containers will allow us to reduce many unnecessary packaging and save resources.

The price is usually lower.

Packaging in bulk means saving at all levels in the food chain. Buying in large bags means less weight and more quantity, which translates into the need for less transport and as a consequence, less pollution. You do not need to design containers because they usually go in bags with hardly any design. Therefore, the manufacturing of packaging and the packaging process is shortened, thus shortening the distribution chain. Cost savings is a benefit for sure. For distributors and producers, it allows considerable savings by eliminating extra costs.

The quality of the food in bulk is superior.

The products we usually find in bulk are of much higher quality, mostly organic, from small farmers and many of them nearby.

You can only buy what you need, thus avoiding food waste.

Packaging increases food waste because it conditions us to buy more than we need in many cases.

Bulk packaged foods tend to be healthier because they remain less time packed, and most of them are not in contact with the plastics of conventional packaging.

Your kitchen will be prettier.

It may seem silly but a kitchen without dozens of half-finished packages, and full of beautiful glass containers that allow you to see food, it is wonderful!

Why participate in a purchasing group?

We will explain to you why this type of purchase is particularly interesting for a professional. This dynamic environment constitutes a real opportunity for people who wish to optimize their energy budget. Group purchasing is also an opportunity to consume energy from renewable sources easily.

The purchasing group: what is it?

The guideline for group purchasing partly takes up that which is the strength of large retailers; This comes down to a reality on the ground which means that the more we are, the more we can benefit from favorable conditions and prices. Group purchasing thus offers a company the possibility of achieving real savings on its bills, whether electricity or gas.

By pooling gas or electricity purchases, the intermediary weighs on suppliers in order to obtain the best prices over a fixed period. Participating in a purchasing group brings many other advantages which are not limited to just the price.

One of the essential services of any consumption is to be able to monitor its consumption closely. You can easily optimize your budget by correcting any anomalies noted in this report.

Coming together for the purchase of also preserves the independence of the company through individualization of consumption and billing. You only pay for the consumed and billed at a price specified in the clauses of your contract.

Why participate in a purchasing group?

A small or medium-sized enterprise rarely has the human resources and technical knowledge to process its supply efficiently. Faced with ever-changing regulations and ever more complex invoicing, an entrepreneur is sometimes helpless when choosing a truly competitive offer. With group purchasing of, the company benefits from the best offer of the moment, easily and without risk.

One of the advantages of group purchasing is to address all sizes of companies by offering more advantageous pricing than if you go there alone; This is particularly the case when the service provider is independent of the suppliers participating in the call for tenders which is not always the case, which therefore mechanically limits the competitive effect.

By saving you from tedious comparisons between the offers of the different suppliers, the grouped purchase represents a real saving of time, and therefore of money for your company. This gain is all the more attractive as there are many member companies. The content of the offer constituting a major element of his interest, it is important to have a careful reading of the contract proposed between the service provider and the company.

How to organize the procurement process

Purchasing activities are often not given due importance in the context of company management, and this topic remains incomprehensible to many. For this reason, procurement is a problem for most companies, which inevitably leads to the fact that they are carried out chaotically and inefficiently.

What does the procurement process consist of?

At its core, the purpose of the procurement is to find the optimal ratio of quantity, price and quality to meet the needs of the company within the established budget.

Before you try to rebuild the procurement process in your organization, you need to understand what stages this process includes clearly.

Identification of procurement needs, selection of a specific product/service, the formation of a professional team of purchasers, planning of volumes and definitions of quality requirements, budgeting, selection of suppliers, logistics, evaluation of work quality, and, finally, the implementation of the contract? All this requires an organized procurement process.

Stages of the procurement process:

Identification of needs

Formation of an application with a detailed description of the subject of need

Placing a request for proposals

Analysis of commercial proposals submitted as part of the request for proposals

Selection of the best offer based on established criteria (price, quality, stock availability)

Placing a purchase order, which, when accepted by the seller, becomes a contractual agreement that includes key delivery conditions

Checking the delivered goods or services for completeness and compliance with the specified requirements

Billing suppliers for payment (if the audit did not reveal inconsistencies)

Reconciliation of the invoice for payment with the purchase order, filling out the necessary accounting documents

Payment to the supplier.

Conclusion

At the end of the contract with the service provider, you can either subscribe to an updated group purchasing contract with the latter or change the supplier yourself.