In less than four years since its formation, the National Buying Consortium (NBC) has hit £100m in revenues generated by the group on behalf of its 55+ member shareholders.
David Lunt, Managing director, commented: “We always knew that we wanted to take a different path to other groups, and whilst we know we have one or two unique differences to how we work and how we generate benefits, we could never imagine that this would be one of the outcomes, and achieving this from scratch.”
NBC also revealed that in the first three months of 2023, invoiced sales have grown by over 50%. The group’s main trading is through NDN, its centralised warehousing and logistics service, which provides an essential service to members and a route-to-market solution for suppliers.
“This is a performance that, when adjusted for any measure of inflation, is considerably greater than the previous year,” said Lunt.
“Our members continue to get access to great brands at net pricing and this is reflected in their own individual results. We continue to generate incremental terms from our group agreements with our supplier partners.”
NAM Implications:
- Aggregated buying has potential benefits for participants.
- Especially in unprecedented times…
- NBC appears to add the benefits of shared insights.
- Worth a look, if only to compare with your current arrangements?
