GPO Case Study
Spectrum Brands was interested in optimizing their recurring spend and consolidating agreements where feasible across 9+ spend categories. They had engaged a consultant with the goal of identifying the right group purchasing organization (GPO) for this spend. The consultant identified $25M in spend across several categories and expressed interest in additional spend areas.
Their role was to advise Spectrum Brands on what GPO would make the best partner. The consultant formalized an RFP to be sent to several GPOs including, OMNIA Partners, CoreTrust, CoVest Sourcing Network, Procure Analytics (formerly Procurement Advisors), and others, that outlined critical evaluation areas.
THOSE REQUIREMENTS INCLUDED, BUT WERE NOT LIMITED TO:
OMNIA Partners was able to apply our unique group purchasing approach to their spend goals and advise where partnering together would make a meaningful impact. Our high touch, high impact model empowered a more value driven and optimized experience for Spectrum Brands.
Now OMNIA Partners and Spectrum Brands have a direct relationship to partner together on current and future spend management opportunities.
Spectrum Brands initially adopted 6 categories from OMNIA Partners; the categories adopted range from Small Parcel, Corporate Services, IT/ Telecom and Facilities Management, with several categories still being explored.
OMNIA Partners had the most relevant and comprehensive proposal, overview, presentation and offerings.”
-Senior Category Manager, Spectrum Brands