MISBO leverages the purchasing power of the all member schools to negotiate discounts beyond what individual members would typically realize. The purchasing "power" of MISBO comes from the members utilizing these contracts. By cooperatively working together we are able to maintain and even increase discounts and offerings with support of the program.
Many MISBO vendors may be vendors you already utilize so purchasing through the MISBO contracts is an easy way to realize additional savings. Looking at the total offering and pricing discounts with each vendor is key. Communicate with the MISBO office, share key school contacts that will allow MISBO to provide regular updates. Again, the power of cooperative purchasing is member utilization of the contracts which drives additional discounts and services available to all members.
*MISBO derives approximately 50% of its operating budget revenue through fees collected primarily from vendors that participate in the purchasing consortium. Most vendors have agreed to pay MISBO a small percentage fee based upon their sales to member schools and these are reported and paid quarterly. A small number of vendors continue to be on a system where the school pays a small fee based upon the reported sales. Some of this is due to regulatory restrictions. School paid fees are invoiced twice a year in January and July. The fees vary by vendor.