The Group Purchasing Organization (GPO) Model

A Group Purchasing Organization (GPO) is a collective that helps organizations, like hospitals or schools, buy products and services more efficiently. By pooling their purchasing power, members negotiate better prices and terms with suppliers, resulting in cost savings and improved quality. Essentially, a GPO acts like a buying club, where members benefit from shared resources and expertise without losing their individual purchasing freedom. This model is widely used in various sectors to enhance procurement processes and control costs.