People who work in certain industries such as food service and retail know they are entitled to employee discounts and wisely take advantage of them.
Did you know that most Purchasing Departments arrange some sort of employee discounts known as Employee Purchase Programs with vendors for employees?
Let's make sure that we aren't confusing this concept with the employee discount on the items that the company manufactures or sells. If you work for a pet food company and you can buy Fido's dog food and Fluffy's cat food for a great price, that probably has nothing to do with your Purchasing Department beyond the fact that the Purchasing employees have helped the company offer whatever price level the food is at through the efficient sourcing of the ingredients.
What we're talking about here is getting corporate rates on items from the vendors on the same items they sell to the company. Prime examples are office supplies and cell phone services. Corporate rates for these items and/or services are lower than you would get on your own.
In Part 2- we'll talk about how these programs work and in Part 3, we'll explore how they benefit everyone involved.
Comment Preview