HARNESSING VALUE : THE POWER OF GROUP PURCHASING ORGANIZATIONS (GPOS)

Group Purchasing Organizations embody a powerful strategy for entities to attain significant savings on their expenditures. By leveraging their collective buying power, GPOs negotiate preferential pricing and agreements with suppliers, ultimately passing the savings onto their participating entities. Becoming a member of a GPO can deliver numerous

to realize certification like a Gals’s Business Enterprise, Ladies-owned businesses complete a radical documentation and internet site visit procedure. Indirect spend ordinarily accounts for fifteen% to thirty% of an organization’s complete spend. That’s a massive chunk of business spend to try to handle through procurement plan and cross