Sedex membership fee changes

FAQ: Sedex membership fee changes

Sedex membership fees for Buyers (A and AB Members) and Suppliers (B Members) changed on 1st June 2016.

Why did you change the membership fees?

The Sedex board is responsible for deciding membership fees. While the board can choose to raise membership fees on an annual basis, the last time they actually increased membership fees was September 2013. The June 2016 change was intended to bring membership fees up to market value and allow for continued investment into the services we provide our members.

 

What are membership fees used for?
As a non-profit, membership-based organisation, all Sedex profits are reinvested on behalf of our members. The changes in the fees, will allow us to fund our AAG/SSF forum and events, as well as the further development of tiered SMETA. In addition the fees will enable further investment and the implementation of features and benefits that will support our members across all membership categories.

 

Who approved the change?

The Sedex board is responsible for deciding membership fees.

 

What was the price increase?

For Buyer (A) and Buyer/Supplier (AB) Members:

  • There was a 10% increase on fees
  • All existing A/AB Members will pay the revised annual membership fee from June 2016, effective whenever their annual invoice falls after this date
  • All new A/AB members will now pay the revised pricing, which will include a 10% increase on the joining fee

For Supplier (B) Members:

  • From 1st June the annual fee, per site, is now £60.00 GBP.

 

When was the last time you increased prices?

While the board can choose to raise membership fees on an annual basis, the last time they actually increased membership fees was September 2013. At that time, membership fees for A and AB members were increased by 20%.

 

Why is the change in B membership fee proportionally larger than the change in A/AB fee?

We discussed this change with a number of B members before implementing the revision and the feedback we got was that – while the percentage increase is proportionally larger that the A/AB increase – they still felt that £60.00 was an acceptable fee and provided good value for the services offered.

 

When will the change affect me?

  • All existing A/AB Members will pay the revised annual membership fee from June 2016, effective whenever their annual invoice falls after this date
  • All new A/AB Members will pay the revised pricing, which will include a 10% increase on the joining fee
  • All B Members will pay the revised fee when they next renew their membership fee, after 1st June 2016

 

What if, as a B member, I have already paid for multiple years?

You will not be required to pay more on the years you have already paid for. Only when the period you have currently paid for ends will you pay the revised fees.

 

When do you plan to next revise the membership fees?

The board intends to revert to revising fees on an annual basis from June 2016. This is likely to mean an annual increase of 3-5%, subject to market conditions.

 

Are you increasing the fees as a result of the problems with Sedex Advance?

No, in fact we delayed a price increase in September 2015 because we were waiting for system stability following the launch of Sedex Advance. The Sedex board now judge that the system is stable and have decided not to delay a price revision any further.

 

How did you give notice of this change?

We are required to give two months’ notice of this change, which we did on 31st March 2016.

 

 

If you have any questions on the change in membership fees, feel free to contact the Sedex Helpdesk teams.

 

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