OMNIA Partners Blog

What are the Key Advantages of Group Purchasing?

February 12, 2021 / by OMNIA Partners posted in Group Purchasing Organization, gpo

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Today’s economic environment is exerting extra pressure on companies to find new ways to reduce expenditure. Cost-saving is still the #1 goal in procurement.  

A Group Purchasing Organization (GPO) is a member-based organization that provides companies with purchasing benefits that they would struggle to achieve on their own. GPOs have traditionally focused on obtaining discounts for their members through their ability to leverage volume purchases. Modern and successful GPOs now provide a wide range of benefits, way beyond savings.  

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How to Future-Proof Your Supply Chain with a GPO

October 15, 2020 / by OMNIA Partners posted in Procurement, Supply Chain, spend management, gpo

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Dan Grant, Senior Vice President Vertical Markets, and Lisa Wittmer, Vice President, Partner Development Technology Solutions, were featured by Supply Chain Now in a discussion on the difference between a traditional -vs- modern GPO, the depth of category expertise GPOs leverage for members, how GPOs are helping supply chain leaders future-proof their business, their 2021 supply chain predictions and MUCH more. Watch the video below!

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How GPOs Add Adaptability and Savings into Your Supply Chain

August 10, 2020 / by OMNIA Partners posted in Group Purchasing Organization, Supply Chain Management, Procurement, gpo

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Purchasing professionals are constantly being tasked to do more with less. There is an ever-growing savings goal and an unmanageable number of suppliers/categories to be responsible for, in addition to improving long-standing contract savings and service-levels, benchmarking results on current contracts, and satisfying end-user stakeholders’ priorities. Group purchasing organizations (GPOs) can narrow the scope of priorities for procurement as they take on and deliver on the most important value drivers.

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What Is a GPO & How Do GPO Services Work?

November 19, 2018 / by OMNIA Partners posted in Group Purchasing Organization, Procurement, gpo

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Group purchasing organizations (GPOs) primarily exist for one simple, yet compelling reason: to help businesses interested in buying similar products gain leverage through combined purchasing power.

A study by The Hackett Group defines a group purchasing organization as “an entity that is created to leverage the purchasing power of a group of businesses in order to obtain discounts from suppliers based on the collective buying power of its members.” 

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5 Procurement Challenges & How to Solve Them

February 14, 2014 / by OMNIA Partners posted in Group Purchasing Organization, Procurement, gpo

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We interviewed key decision makers from within our membership to discover what issues they most commonly deal with. What we found is that a staggering number of our procurement members struggle with similar challenges. 

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