Category: Group Purchasing Organization

A Group Purchasing Organization (GPO) can help your business grow. In the recent years, GPOs are becoming more popular due to the role they play in boosting efficiencies of business operations.

Group Purchasing Organization is an entity that solves procurement and sourcing concerns for businesses. They help by aggregating the purchasing power of businesses in order to enjoy big discounts and rebates from its vendors. As a business owner, you can be able to reduce the cost of operation, speed up procurement time and efficiency, and enjoy lower costs of transactions by joining a Group Purchasing Organization.

When you join a GPO, they will aggregate your needs with that of other buyers and negotiate for discounts and rebates on your behalf. You can significantly reduce the amount you spend on sourcing and procurement by working with a GPO.