MAXIMIZING PROCUREMENT : THE POWER OF GROUP PURCHASING ORGANIZATIONS (GPOS)

Group Purchasing Organizations embody a powerful strategy for businesses to attain significant savings on their purchases. By harnessing their collective market influence, GPOs negotiate favorable pricing and terms with providers, ultimately remitting the benefits onto their affiliated businesses. Becoming a member of a GPO can provide extensive a

But, Imagine if you don’t have adequate time to completely vet a supplier because you’re too occupied controlling various spend groups and writing RFPs? What if you're running a lean procurement group and don't have the sources To place toward contract negotiations or improving supplier associations? Each group will come with its unique comp