Introduction
There’s nothing wrong with my procurement strategy!
You’re right! There’s no absolute right or wrong when it comes to strategic planning. Every organization has unique needs and goals, which means your approach to procurement should reflect that individuality.
The fact that you even have a procurement strategy in place is a great sign. It shows that you're not just caught up in the daily grind of transactions but are thinking about how purchasing decisions can shape your organization’s future.
This forward-thinking approach means you’re focused on more than just immediate needs; you’re looking to create a path for sustainable growth.
In this playbook, we’ll explore how a GPO can support your existing strategy to help you achieve your goals more effectively. Whether you’re looking to refine your approach or explore new opportunities, this guide will provide the insights you need to succeed.
Components of a Procurement Strategy
Let’s start with the basics.
A strong procurement strategy is the backbone of effective purchasing decisions. It’s not just about buying what you need; it’s about making informed choices that align with your organization’s goals.
Here are the key components that make up a robust procurement strategy:
These are great components to have but what if there was a way to amplify the impact and benefits of several elements of your procurement strategy?
This is where partnering with a group purchasing organization (GPO) can make a significant difference.
Group purchasing organizations leverage the collective buying power of member organizations to negotiate better prices and terms with suppliers.
By collaborating with a GPO, you can enhance your existing procurement strategy without overhauling what’s already in place.
How a GPO Supports Your Existing Procurement Strategy
Bringing a GPO into your procurement strategy can be a game-changer.
Rather than replacing what you already have in place, a GPO works alongside your existing processes, helping you achieve your goals more effectively and driving additional value.
Download a full PDF copy of this playbook to learn how a GPO like Una works to support you when it comes to increasing savings, reducing risk, streamlining your procurement processes, and more.
Elements of a Successful Procurement Strategy
Crafting an effective procurement strategy isn’t just a check box on a to-do list; it’s a dynamic process that involves juggling various components, each playing a vital role in ensuring your organization’s purchasing is smooth and efficient.
Effective strategies are multifaceted, offering a toolbox of options tailored to your specific needs.
These kinds of key elements can elevate any procurement game:
Making Your Procurement Strategy a Reality
Turning your procurement strategy into a reality can feel like a daunting task, but with the right approach, it can be both manageable and rewarding.
Here’s how to make it happen, step by step, with a special focus on effectively integrating group purchasing into your sourcing strategy.
Transforming Your Procurement Strategy With Group Purchasing
To seamlessly incorporate group purchasing into your procurement strategy, start by identifying specific areas where a GPO can add value. This might involve exploring cost savings in indirect spend or enhancing supplier diversity.
Once you’ve pinpointed these areas, engage with a GPO to discuss how their collective buying power can complement your existing strategy. They can assist in negotiating better terms with suppliers, freeing up your team to focus on strategic initiatives.
Remain flexible when it comes to how you achieve goals and think of your strategy as a dynamic guide used to inform daily decision making. Most importantly, don't hesitate to lean on your GPO partner for additional support and resources.
GPO Case Study
As a network of facilities consisting of both detox and inpatient rehabilitation centers, this valued member was growing while inflation soared and supply chain disruptions loomed overhead.
Without any mature procurement policies in place, however, spend was going unmanaged in several categories. They needed help managing this indirect spend and delivering cost savings quickly.
See how they took advantage of Una's group purchasing platform to save an average of 27% across multiple categories.
Working With Una
We’re on a mission to empower organizations to get the best pricing on products and services used every day through the power of group purchasing.
So how does it all work?
Partnering with Una brings these benefits and savings directly to you. As a member, you’ll have totally free access to pre-negotiated contracts that can save you an average of 18-22%.
Watch this quick video that explains our new member onboarding process.
Conclusion
When you decide to work with Una, you’re choosing a partner in procurement. We work as an extension of your team, which means you can give us tasks, seek guidance, and ask questions that will help you accomplish your goals.
Throughout the entire process, you are in control, guiding each conversation based on your desired outcomes.
Una membership and the benefits that come along with it are always free. There are never any purchasing requirements and you’re never locked into contracts. We provide an “in” so every organization can save big on the items they need, and follow up with the resources to accelerate your sourcing program in every category.
Ready to transform your procurement strategy?
The immediate cost savings generated from our pre-negotiated contracts is a given, but working with Una means you’ll see additional benefits that include visibility, consolidation of spend, and streamlining of purchasing.
Download a full copy of this playbook and contact us to get started today.
