Latest / Franchise Conversations with Fexingo: Buying, Running, and Scaling Franchise Businesses
How Franchisees Use Reverse Auctions to Lower Supply Costs
Franchise supply costs are eating margins, but a growing number of multi-unit operators are fighting back with reverse auctions — a procurement strategy where suppliers bid against each other for your business. Lucas and Luna break down how a five-unit QSR franchisee in Ohio saved 12 percent on paper goods and 8 percent on protein by running quarterly reverse auctions through a third-party platform. They walk through the mechanics, the minimum volume needed to attract competitive bids, and the hidden risk of alienating long-term distributors. If you operate even two franchise locations, this…
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