A buying group is a cooperative organisation that brings together multiple businesses to increase their purchasing power. By pooling their resources and buying in bulk, buying groups can negotiate better prices and terms from suppliers than individual businesses can. This, in turn, allows members to reduce their costs, increase their margins, and grow their businesses.
Buying groups are particularly beneficial in the construction industry, where large quantities of materials and equipment are often required for each project. By joining a buying group, builders and trades can access discounts on everything from timber and steel to power tools, plumbing equipment and safety equipment. Having access to volume buying such as this can help builders and trades to save money, increase their profits, and remain competitive in a challenging market.