The Buying Group has been created to reduce operating cost in key areas of business expense by providing a collective buying platform.

Bill Healey, CEO of Printing Industries says the initial focus for the Buying Group was electricity because it’s an escalating business cost affecting every industry company regardless of their size.

He says, “As a prelude to launching our Buying Group we recently completed an industry-wide energy survey which told us that more than 70 per cent of industry companies were spending on average $12,000 – $60,000 annually on electricity.

“More than 14 per cent of companies were found to spend over $120,000 annually or more than $10,000 a month. Our Buying Group is taking this information to the energy marketplace and will use it to negotiate the best electricity rate possible for individual member companies.”

Healey adds initial results have been pleasing showing an average 11 per cent saving was possible for a mid-sized company.

He says, “We are now in a position to provide free audits of existing electricity contracts to ensure that our members are receiving the best possible rates.”

Comment below to have your say on this story.

If you have a news story or tip-off, get in touch at editorial@sprinter.com.au.  

Sign up to the Sprinter newsletter