MEMBER SAVINGS REPORTS
ICBA SAVINGS REPORTS
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.
Return on your ICBA Membership Investment
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.
The ICBA Savings Report is divided into two sections: