Each year, ICBA Members receive a detailed savings report that reflects the benefits and savings they receive from the Vendor Programs negotiated by ICBA on their behalf.
As ICBA develops partnerships with vendors, we work on behalf of the Members to negotiate favorable terms that may include one or more of the following: purchase discounts, freight benefits, reduced minimum order requirements, extended payment terms, returns and/or stock balancing privileges, exclusive promotions, fixtures, marketing support materials, and more.
The ICBA Savings Report highlights the specific value Members are receiving from ICBA Vendor Programs. ICBA’s Annual Vendor Partners provide us with activity reports (net purchases) for each ICBA Member during the calendar year. These reports comprise the savings reports we distribute to Members in May/June.
ICBA calculates savings based on the difference between a vendor's "regular" prices/terms vs those offered to ICBA Members. For example, if a vendor offers a 5% discount to ICBA Members, and net purchases were $9,500, the ICBA savings for that store from that vendor would be $500 on gross purchases of $10,000.
A list of vendors from whom you have made purchases in the preceding calendar year. Table 1a is sorted in descending order by the savings you realized from those vendors who offered special ICBA pricing. Table 1b shows vendors who offered preferred terms or special marketing support. For those offering special pricing, your average discount and total savings are shown.
A list of companies that offered special ICBA pricing and preferred terms or “other benefits” to ICBA members, but from whom you made no purchases in the preceding calendar year.
For the full list of ICBA Annual Vendor Programs, click HERE.
Savings reports are sent to ICBA Members in May/June. To receive copies of your Savings reports, contact Marc Smith at MarcSmith@ICBAinc.com.