There are plenty of misconceptions about what joining a buying group is like. These five common myths often dissuade companies from leveraging the benefits of buying groups or group purchasing organizations. Let's debunk the myths and provide the facts!
We've outlined the top five buying group myths and facts below. Watch our video to get more details about the myths we’ve heard over the years here at OMNIA Partners.
Myth: Buying groups displace internal purchasing departments.
Fact: Group purchasing organization serve as an extension of the procurement team.
Myth: You are required to purchase from every supplier in the GPO.
Fact: Members decide when or if they buy from suppliers. There are no buying minimums or obligations with OMNIA Partners.
Myth: Suppliers and members can only contact each other through the buying group.&
Fact: A GPO builds meaningful partnerships for all parties involved. Sales happen directly between the buyer and the seller.
Myth: Joining a buying group reduces your level of customer service.
Fact: Most companies discover that service levels are elevated through a GPO partnership.
Myth: GPOs only provide standard, off-the-shelf products or services.
Fact: GPOs offer standard spend solution categories and categories not typically managed in procurement.
The Benefits of Joining a Buying Group
Now that you have a better understanding of what buying groups don't do, it's time to learn exactly what a group purchasing organization is and the benefits they offer members.
After conducting a little more research, you might discover that membership could be a huge benefit to your company.