Group purchasing organizations are commonly used by hospitals and healthcare providers to help them purchase medical supplies. What is a Group Purchasing Organization?

They also negotiate contracts with manufacturers and distributors.

Buying Power

Group purchasing organizations, or GPOs, are a way for businesses to reduce costs and boost their ROI by pooling purchases.

It can also help them avoid unnecessary inventory and ensure they have sufficient stock at all times.

Access to Equipment and Supplies

A group purchasing organization (GPO) provides access to the materials and equipment that your business needs. Typically, GPOs have negotiated contracts with top suppliers and can help your business save up to 80% on supplies.

The group purchasing model has been around since 1910, when it was first established in the healthcare industry. Today, there are more than 700 GPOs serving all sectors, including niche markets and private sector entities.

The consolidation of buying power achieves preferred pricing, terms, and service standards for members.

Access to Industry Experts

When it comes to sourcing goods and services, industry expertise is an invaluable asset. It helps you make decisions that are right for your company and clients. It also helps you communicate with suppliers, and better predict the outcome of certain actions.

In today’s competitive environment, companies need access to up-to-date and relevant insights that can drive their business. However, gathering such data is a time-consuming process.

Using an expert network is an efficient way to get the information you need quickly and effectively.

Access to Data

Group purchasing organizations are a fantastic way to save money and reduce sourcing headaches. They offer a variety of benefits, including access to the latest equipment and supplies, industry experts, and more.

GPOs are also great at helping small businesses that have less purchasing power. needs read more hear