So, you've heard about this thing called "group purchasing" from a colleague. They recommended looking into a GPO because they became a member and saved a ton of money in a few spend categories in half the time it took for you to get a response back on your last RFI. You just did a Google search and scrolled through a page of promotional ads and a few seemingly helpful articles, but you're still not sure what it all means.
We're glad you clicked on that last link that led you here. Let's start with the definition:
Group purchasing organization: noun;
Have you ever considered using a group purchasing organization? If not, why? Did it seem too good to be true? We get that a lot, actually. Perhaps the information wasn't laid out in front of you in a way that made sense. Maybe no one took the time answer your questions or you didn't even know where to start.
Empowering Sourcing Heroes
Sure, group purchasing sounds simple but what does it really mean in the context of procurement? How can an organization take full advantage of the concept to truly improve their bottom line, and is that all there is to it? If you join a GPO, does that mean all other strategies are cut? Yikes. We know you have some questions, and we have answers.
The Complete Guide to Group Purchasing is a tool designed to explain group purchasing, simplify procurement, and empower you, the Sourcing Hero, to build a diverse and value-driven sourcing strategy, on your terms, that can help you meets your business goals.
It's a compilation of all of the different parts of group purchasing with questions you should be asking when determining if group purchasing would benefit your organization and what to consider when it comes time to make the big decision.
Spoiler alert - we're confident our team of sourcing advisors can find you savings in several categories!
In this guide, we dive deep to teach you how to optimize your procurement strategy and give you ways to deliver value to your organization that goes far beyond cost-savings, all by utilizing the power of group purchasing.
We'll cover the following:
- Learn what group purchasing organizations do and how they got their start.
- Discuss why businesses should take advantage of group purchasing and the types of GPOs available to businesses.
- Understand how GPOs work and the role they play in procurement.
- The million dollar question - how do GPOs make money?
- Learn what to look for when choosing a GPO.
We understand you have a few options when it comes to utilizing a GPO for indirect sourcing, which means this guide can be used as another tool in your wheelhouse. Group purchasing is an opportunity to enhance your existing procurement program and uncover savings that otherwise may have been missed, so choose wisely.
As a Sourcing Hero, group purchasing also gives you an additional pathway to delivering that highly sought after value you strive for -- ease of business, speed to savings, and access to the the best contracts out there. As an added bonus, the relationship between you and a GPO like Una can develop into your new favorite business partnership, and we're here to offer support every step of the way.
Download our free guide now and elevate your procurement strategies with a new perspective.