What are quarterly purchase volume fees and how are they calculated?
• Members pay a quarterly purchase volume fee for management of the purchasing process, the administration of the Vendor rebate program and use of the online purchasing software. This quarterly purchase volume fee is a percentage of total purchase volume, and is always less than 1%, which is the guaranteed minimum vendor rebate for on-time payments. Members who purchase significant volume through the program are rewarded with lower volume fees. Additionally, since the purchase volume fee is always less than the guaranteed rebate, there is never an out of pocket expense to pay for the purchase volume fee, provided you pay your bills within the terms set by your vendors.
