Group Procurement

Group Procurement refers to the process where multiple organizations or departments collaborate to purchase goods and services together. By combining their purchasing power, they can negotiate better prices and terms from suppliers, leading to cost savings and increased efficiency. This collective approach helps to streamline the buying process, reduce duplication of efforts, and enhance the quality of the products and services obtained. Essentially, it's a strategic way for organizations to use their resources more effectively and achieve better financial outcomes through teamwork in purchasing.