Joining a group purchasing organization (GPO) can be a great option to help you maximize buying power. GPOs leverage the collective buying power of its members to obtain volume discounts from suppliers and retailers. Pre-negotiated contracts offering the best pricing are already in place which saves you money, time and effort.
Compared to a large Fortune 500 company, most organizations spend a small amount in regards to indirect spend. It’s likely your organization is paying more for these items because your purchasing volume is lower.
By forming a partnership with a trusted GPO and increasing your own buying power, you can take advantage of larger discounts you wouldn’t have been able to negotiate on your own without actually paying – or purchasing – more.