Membership
Buying Power


Endorsed by the
 
NJ Bankers Association 
 


Purchasing Assistant™
aggregates member's buying power, offering direct access to national account pricing for thousands of products sold by a selection of vendors.

Purchasing Assistant™ saves money by setting margin limits on the spread between the dealer's cost of goods and the program's retail prices. As a result, hard dollar savings average 20% greater (total dollars spent on an annual basis), than individual companies can typically negotiate on their own.

          Expense Reduction Associates, Inc., does not accept
          rebates, commissions, gifts, or other compensation
          from retail vendors.

Each month participating vendors submit electronic copies of their invoices which are then compared to the program's prices. Any discrepancies are identified, brought to the attention of the vendor and net credits are returned to the client.  

Savings in soft dollars are of greater significance. The administrative costs of processing a manual requisition, inputting it as a Purchase Order in a vendor's shopping cart program, tracking the product's receipt, obtaining the order's paper packing slip, and then communicating all the information to an Accounts Payable department is enormously time consuming and expensive.

Add to this process 'maverick' orders that arrive unannounced, and the total costs of procurement grows by tens of thousands of dollars.

By employing Purchasing Assistant™ manual activity is significantly reduced and both management control and employee productivity are increased. Soft dollar savings become hard dollar profits. 
 

 

                               
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             Purchasing Assistant™ represents
             the buying power of thousands of
             system users, employed by banks
             and non-profit organizations.

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