Joint Purchasing Group

A Joint Purchasing Group is a collaboration among several organizations or entities, such as businesses, schools, or governments, to collectively buy goods or services. By pooling their purchasing power, they can negotiate better prices and terms from suppliers than individual members could achieve on their own. This arrangement helps reduce costs and improve efficiency for all members, making it an effective strategy for managing budgets and resources. Essentially, it's about teamwork in buying to gain advantages in the market.