Buying group will gain full visibility of rebate agreements with thousands of suppliers
Lumbermen’s Merchandising Corporation (LMC) has chosen Enable’s rebate management software to allow tracking and reporting of rebate agreements, providing greater visibility of this key revenue source.
LMC (Lumbermens Merchandising Corporation) is the leading Forest Products and Building Materials Buying Group in the USA owned by 380+ independent lumber and building material dealers. It receives rebates from over 500 suppliers. There are over 1,400 LMC dealer locations in the United States and the Bahamas. “Building Business Together” is LMC’s philosophy, rooted in a history of working together and standing the test of time since 1935. LMC dealers are united in their purchasing, creating a strong foundation that supports the growth of unique supplier relationships and purchasing opportunities.
The software will allow LMC to better track performance against even the most complex rebate deals, saving time for the group’s Purchasing and Finance teams and allowing group members to maximize their potential rebate earnings.
John Fisher, credit and receivables manager at LMC, said: “Enable gives us one place to record and track the rebate deals we negotiate on behalf of our members. It will free up huge amounts of time that we currently spend on forecasting, monitoring, and reporting.”
Enable has created a specialist deal management software designed for distributors and buying groups that need to manage a huge variety of trading agreements with thousands of suppliers. It has surfaced unclaimed rebate in every organization that has implemented it.
Andrew Butt, CEO of Enable, said: “Accurately tracking and reporting on hundreds of rebate agreements at a granular level is a huge challenge for buying groups like LMC. I’m delighted Enable is able to help LMC solve this problem.”
Enable is seeing growing demand for Enable in North America, where it helps manufacturers, distributors and buying groups to maximize the value of rebates, co-op funds and other trading agreements to their respective businesses.