OMNIA Partners Blog

How Group Purchasing Can Help Reduce Procurement Risk

March 2, 2021 / by OMNIA Partners posted in Group Purchasing Organization, Procurement

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One definition of a successful purchase is the right product or service, delivered in the right place, at the right time, of the right quality, for the right price. There is scope for failure in each one of these elements. Managing procurement risk means understanding what can go wrong and having plans in place to avoid unwanted outcomes. Many organizations are not fully aware of the many types of procurement risk they are exposed to and are therefore not ready when supply chain disaster strikes.

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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 Turn Crisis into Opportunity with Your GPO

September 15, 2020 / by OMNIA Partners posted in Group Purchasing Organization, Procurement, Public Safety & Emergency Preparedness

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 Total Read Time: 5 minutes

Embracing the new business environment implications will help companies rise to the occasion and be a leader in longevity. By empowering companies to adopt change, leaders can increase agility and resilience, making any crisis disruption an opportunity for innovation - rather than an impediment to overcome. Whereas businesses hesitant to adopt new strategies, or avoiding change, are risking being left behind with diminishing returns. Enterprises looking for ways to simplify adoption, streamline processes, future-proof, and contain resource expenditures can look to their group purchasing organization (GPO) to help turn crisis into profit by implementing impactful change.  

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Procurement Best Practices for Innovative HR

August 24, 2020 / by OMNIA Partners posted in Human Resources, Group Purchasing Organization, Procurement

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 Total Read Time: 4 minutes

Disruption quickly, and often, dramatically alters the purchasing landscape. Enterprises nationwide are experiencing the impact this is taking on their human resource professionals. As the pandemic progresses, the HR function will be continually challenged with keeping workers safe, healthy and informed, in addition to their everyday performance duties. Soon - if not already- HR teams will face permanent changes such as:

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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 overall market trends, and satisfying end-user stakeholders’ priorities, unique needs and goals. 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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Hurricane Season: Weather it Like a Procurement Pro with a GPO

August 4, 2020 / by OMNIA Partners posted in Group Purchasing Organization, Procurement, Public Safety & Emergency Preparedness, Supply Chain, spend management

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Total Read Time: 2 minutes

The National Oceanic Atmospheric Administration (NOAA) is predicting 2020’s hurricane season (June to November) to be 60% more active than usual. 

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The Case for Technology Spend in a Pandemic Economy

July 29, 2020 / by OMNIA Partners posted in IT and Telecom, Group Purchasing Organization, Procurement, Public Safety & Emergency Preparedness, Supply Chain, spend management

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Total Read Time: 6 minutes

As businesses move forward with staged reopening strategies there are continued (and new) considerations that are necessary for sustainability in an unstable environment. One critical infrastructure area that is on high-alert is technology 

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Pandemic Purchasing: Important Facility Reopening Measures

June 17, 2020 / by OMNIA Partners posted in Facilities & Infrastructure, Group Purchasing Organization, Procurement, Public Safety & Emergency Preparedness, spend management

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Total Read Time: 6 minutes

Now that businesses nationwide are opening in phased approaches and at varying degrees, it represents a necessary shift in supply chain planning and purchasing strategies for facilities

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The GPO Role in Supply Chain Planning During a Crisis

June 10, 2020 / by OMNIA Partners posted in Group Purchasing Organization, Procurement, Public Safety & Emergency Preparedness, Supply Chain, spend management

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Total Read Time: 4 minutes

The pandemic has forced business operations to adopt more ad-hoc and reactionary strategies toward supply chain planning, production, spend management and risk mitigation. This reactionary approach is not the most efficient strategy as it doesn’t align functional data to supply chain or spend management goals.

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