Comprex Industries: Our Secret Weapon for Reducing Costs
If someone told you your costs could be reduced significantly with no or very little change to your operations, you’d be suspicious. It sounds too good to be true. And if an opportunity like that existed, surely you would already know about it. Right?
That’s what Comprex Industries thought too. Before they discovered the power of group buying.
Three years ago Comprex Industries, a refrigeration coil manufacturer, joined Climate Control Contractors Association (CCCA) and with this gained the opportunity to join n3, a group buying company. Through n3, Comprex have access to competitive discounts and preferential pricing with a wide range of New Zealand’s leading suppliers such as Bunnings, Caltex, BP, NZ Safety and OfficeMax. Pricing, n3 members find, is inevitably better than could be negotiated on their own.
“Before we became CCCA members we didn’t get discounts with many suppliers. After joining the CCCA we got the n3 membership and our savings increased a lot – with a lot of suppliers.” Adele Charmely, Comprex Industries.
n3 members start seeing the benefits of n3 almost as soon as they sign up. As Comprex were already purchasing from a number of n3 suppliers, joining n3 meant Comprex could start saving money right away. Saving time is also a bonus; for companies with an established procurement team, using n3 contracts for non-strategic spend means more time can be spent focusing on strategic negotiation.
“We use quite a few n3 suppliers; Bunnings, BOC Gas, Blackwoods Protector, Ideal Electrical and more. We have always held accounts with these companies, so for us it was only a case of linking our account to n3 pricing to take advantage of the savings n3 had to offer.” Adele Charmely, Comprex Industries.
Comprex Industries save over $10,000 per annum on average, and many n3 members in the manufacturing industry save over $40,000 each year. That’s an ROI of between 7% and 39% over their membership cost. For complete transparency, n3 also have comprehensive reporting, so members can see how much they have spent – and saved – with each supplier.
To see how much n3 could save you, please click here and a consultant will be in touch. No obligation.