What is it?
Your Supplier Support Program 2012 is designed to encourage and reward members of HBT to support the group’s suppliers. This program is basically a repeat of the highly successful Supplier Support Program 2011. Under that program approximately $80,000 in prizes were won.
Your participation is optional. You do need to be “in it to win it”, but if you choose not to be involved you are not affected. You will continue to enjoy all the current benefits of group membership on an unchanged basis.
The opportunity to share in the program rewards is not just dependent on the dollar amount of business you put through the group nor the size of your store, but in order to be eligible you will need to support ten or more of the participating suppliers (or spend at least $250,000). "Support" in this context means that they are your main supplier for the relevant product category.
What are the benefits?
There are nine cash prizes to be drawn amongst the eligible stores. The cash prizes constitute a share in a cash pool. The prizes are :-
First prize 30% of the pool (minimum $21,093 maximum $30,000)
Second prize 20% of the pool (minimum $14,062 maximum $20,000)
Third prize 15% of the pool (minimum $10,546.50 maximum $15,000)
Fourth prize 10% of the pool (minimum $7,031 maximum $10,000)
Fifth to ninth prizes 5% of the pool each (minimum $3,515.50 maximum $5,000)
The pool starts at a guaranteed minimum of $70,310 and can increase in accordance with the extent to which the total group purchases for all the participating suppliers increases over the program period (to a maximum of $100,000). So for example, if at the start of the program, purchases for all those suppliers were at the level of $10 million for the equivalent period and this rose to $11 million during the program period then a 10% increase applies. The total pool would become $77,341.
The nine cash prizes will be drawn at random from all stores who are eligible on 12 April 2013 in Canberra. To be eligible for the draw, you or someone who works in your business need to attend the National Conference in 2013.
How does it work?
You have to tick at least 10 in order to be eligible or if you tick less than 10 you need to spend at least $250,000 with those suppliers during the program period. The more you tick, the more opportunities to win.
Then you need to actually support those you have ticked from the date of entry until 31 December 2012 by giving them the majority of your business through our group deal. If you do not support them then you will be ineligible for the draw.
You need to attend the National Conference and provided you have supported the suppliers that you said you would you will have one entry in the draw for each supplier.
A member with more than one store can make an entry for each store. Please note that despite multiple entries in the draw, each store can win only one prize.
What do I have to do?
If you don’t want to be in the program you need do nothing.
The program period will be for six months from 1 July 2012 to 31 December 2012. All eligible members will also be advised of the result by mail.
The Conditions of this program are part of the application form.