A group purchasing organization (GPO) allows any business to join a group of other buyers who are interested in the same products and services. They combine their purchasing power and influence to negotiate special reduced pricing and other perks.
GPO’s tend to be a combined group of businesses in a specific industry. There are group purchasing organization for churches and faith based ministries, for healthcare, for industrial industries and more.
The following infographic demonstrates how a GPO can save you a lot of money.