We use the term GPO, or group purchasing organization, a lot. But what does that actually mean, and what are you missing without one?
A group purchasing organization (GPO) uses the purchasing power of a group of businesses (its members) to negotiate better pricing, service levels and account representation from vendors (its suppliers).
Your most strategic projects get pushed aside. Your CFO says you’re not saving enough. You don’t have enough time to manage it all. Sound familiar?
This is where a GPO comes in. GPOs save you time, money and resources so you can concentrate on the projects that are most important to your company’s bottom line.
At Corporate United, this idea translates into a bigger idea for business. On behalf of our members, we negotiate with supplier partners like Office Depot, Konica Minolta, Cintas, Fastenal, and many others. Our collective buying power translates into savings across the board and inherent value beyond cost. Since we have a seat at the table with our supplier partners, service requests are elevated, contracts are pre-negotiated, and RFPs are unnecessary.
This means members can focus on strategic business initiatives while we take care of indirect spend management. In other words, Corporate United is an extension of your procurement team.