Benefits of a Group Purchasing Organization

If you’re trying to learn about the benefits of a group purchasing organization you’re in the right place. Group Purchasing Organizations, or GPOs, leverage the collective purchasing power of thousands of businesses to secure lower prices for their members, meaning they can offer efficiencies and cost savings to their members on purchases from suppliers they already work with today. Not only can GPOs leverage the combined purchasing power of multiple businesses, but they also can bring balance to the negotiating equation because they already have relationships with vendors and suppliers. Allowing a GPO to facilitate your purchasing needs means that you will receive benefits in a number of areas:

Cost Savings

When you pool your buying power with other businesses or organizations, you receive the benefit of upfront savings from higher committed volume and negotiated discounts. A large, well-established group purchasing organization will be able to facilitate substantial contracts with commonly used vendors that you might not have otherwise had access to. With Una, you not only benefit from contracts that provide you cost savings, but you are free to utilize only the contracts that benefit your company and have no minimum spend requirements.

Supply Chain Management

Much of small businesses’ resources can be eaten up by trying to manage the purchasing process and by locking in pricing with suppliers. GPOs can provide valuable cost-avoidance solutions to organizations by helping them standardize and streamline their purchasing. Managing all the aspects of purchasing from start to completion will cut down on a number of internal resources required to handle purchasing for businesses, freeing you up to focus your energy on your core competencies within your business.

Procurement Partnership

GPOs work as an extension of your internal procurement department as an additional resource for efficient sourcing, supplier and contract management, and a partner with years of procurement experience that spans across many different business types.

Cost Comparison Analysis

Understanding your company’s current purchasing and procurement status can be challenging and time-consuming. GPOs can help sort through the data and analyze your savings. Una’s supplier partners can provide a free comparison of your company’s current pricing and the savings generated by purchasing through our contracts so you can clearly identify the benefits of a group purchasing organization.

Customized Member Programs

Sometimes businesses purchasing needs require plans that go beyond out-of-the-box setups. Una’s supplier partners can customize their programs to meet your company’s unique purchasing needs. Our experts will work directly with you to meet your specific goals and needs.

Data & Analytics

Want insight into purchasing and supply chain management? Through innovative technology and advanced analytical tools, Una helps you eliminate product and service duplications, analyze potential savings and evaluate competitive purchasing behavior.