Black Folk Hot Spots #BlackBiz Social Network Directory

Tell us about Your Black Business & Urban Events, so we can share w/ the World!

Click Here to Add your BLACK OWNED BUSINESS to our Social Media Networking Directory for FREE! so we can share it with our 100,000+ Urban Professional AUDIENCE that range in age mostly from 25-54, have children, are graduate school educated and browse this site from home! via

Custom Search

Small Business Group Purchasing Benefits

As we are all aware, small businesses often cannot obtain the premium pricing that is available to larger companies and franchises. Why? Let\'s face it ... why because they do not purchase enough alone to warrant the discounts that larger purchasers can obtain. In addition, small businesses typically do not have the time or manpower to compare prices and manage negotiations.

What can be done to change this? The simple answer is to join forces with other businesses like your own, forming a purchasing alliance - Globalmpg (Global Materials Purchasing Group). Globalmpg provides a way for smaller businesses to regain the time and money needed to grow operations and realize their full potential in the marketplace.

  • Negotiating with vendors for cost savings on your behalf.
  • Soliciting bids and providing easy-reference price comparisons, streamlining your ordering process.
  • Inviting other businesses to join and increase the purchasing power as Globalmpg continues to grow.

The concept of group purchasing has existed for decades in different form in different industries. The practice initially started with buyers forming a consortium to strengthen their negotiation position using collective bargaining power and aggregate demand, and to save on miscellaneous transaction costs associated with product and vendor search and evaluation, logistics, contract management, etc. Over time, independent supply chain entities, both for-profit and not-for-profit, have appeared based on the same economic rationale of group purchasing. These organizations do not take direct part in product and payment exchange between buyers and sellers. They establish contracts with vendors on behalf of a group of buyers and act as intermediaries for managing contracts between the buying and selling parties. 

A 5% cut in procurement spending would result in a 20% increase in earnings before interest, tax, depreciation and amortization. Cost management is going to be paramount for companies in terms of differentiating themselves. They have already slashed staff numbers and are increasingly reluctant to cut costs further in areas that might jeopardize their ability to benefit from the economic upturn.


Michael Walker

Director Business Development 

Click here: Group Purchasing Frequently asked questions.






You need to be a member of Black Folk Hot Spots #BlackBiz Social Network Directory to add comments!

Join Black Folk Hot Spots #BlackBiz Social Network Directory

BFHS recommends:

Be Black, Buy Black, Think Black, and all else will take care of itself! #MarcusGarvey #BuyBlack #blackbusiness via

CLICK BELOW TO Get Info On Black Business Specials and Urban Events by Email!

Subscribe to Black Folk Hot Spots!


Your Ad here!

1,000,000 Black Businesses Linked Together on the net They say it can't be done- We say it can, CREATE PROFILE AT SO WE CAN SHARE!

The BFHS Mission!!!


“The more people who join and use, the more useful it will become for the Black community. That’s our goal” ~CEO of BFHS


BFHS Network Videos



Wanna Keep BFHS Alive? Ask how?


Small Business Solutions: eblast Services to Promote your business/service to up to 100,000+ starting at $50 today! [introductory pricing] 31 Replies

Started by Ryan ~CEO of the BFHS Network in eBlast. Last reply by Ryan ~CEO of the BFHS Network Nov 6, 2013.

da CEO of BFHS -Quote of the Day! Post your favorite quote! 26 Replies

Started by Ryan ~CEO of the BFHS Network in Press Releases. Last reply by Annette Butler Mar 2.

Where are the Black Bloggers? 23 Replies

Started by Iceman Baldy in Press Releases. Last reply by Ryan ~CEO of the BFHS Network Oct 7, 2010.

The BFHS Network needs 40 more events posted for January 2011, help us, help you! 18 Replies

Started by Ryan ~CEO of the BFHS Network in Press Releases. Last reply by Ryan ~CEO of the BFHS Network Jan 31, 2011.

© 2014   Created by Ryan ~CEO of the BFHS Network.

Badges  |  Report an Issue  |  Terms of Service

This Network is for us, and it will only as good as we make lets make it the best ever! Join our Fan Page on FaceBook too