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All for One and One for All

All for One and One for All

The motto of the Three Musketeers was "All for One and One for All". What was good for one of them had to be good for all and vice versa. Successful buying groups act in the same fashion - the majority of the time. Not everyone every time but most of the time.

I have two examples of joining a buying group for personal purchases. The first was an adhoc group of work associates all buying new mattresses at the same time. There were 10 of us and we went to the same store. We did not have the same specifications but we did get a discount simply because of the size of the purchase.

The second was in my neighborhood when roadwork was done, many of us needed professionals to help with the repair work to our property. We joined, found a contractor and the benefit was lower cost to each of us. The contractor enjoyed the benefit of keeping equipment all in one location and saved that transportation cost.

Today’s eSourcing Wiki-Wednesday topic is Drawbacks of Buying Consortia. While I did enjoy benefits of my two group buys, there were a few drawbacks.

Loss of flexibility

I had to agree to the timing and the contractor/supplier that everyone else was using. I was able to define my requirements so that was the critical factor to me.

Length of time may be extended

While we got a discount, it did take longer to put everything in place. I decided it was worth it overall. That is something to keep in mind when you are looking at your options.

Have you any experience joining a group buy? Did you feel any drawbacks or did your group follow the motto of the Three Musketeers?

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Thursday, 17 October 2019

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