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In the United States, a group purchasing organization (GPO) is an entity that is created to leverage the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members. [1] Many GPOs are funded by administrative fees which are paid by the vendors that GPOs oversee.
Topco Associates LLC is the largest American retail food GPO (Group Purchasing Organization) and the sixth largest private company in Illinois. [ 1 ] [ 2 ] History
Council of American Survey Research Organizations; Graphic Arts Technical Foundation; Institute for Supply Management; International Council of Shopping Centers; International Intellectual Property Alliance; Marketing Research Association; Million Dollar Round Table; National Association of Real Estate Brokers; National Association of Realtors
Group buying sites are back in demand as small businesses look for ways to promote their products to budget-conscious consumers in a weak global economy. [5] Group buying is also used for purchasing real estate properties. Real Estate Group Buying is very popular in India where websites like Group Bookings [6] offers group deals on various ...
Purchasing cooperatives bring together multiple organizations, such as government entities, educational institutions, and non-profit organizations, to collectively pool their purchasing power. These cooperatives negotiate and establish pre-negotiated contracts with suppliers, covering a wide range of products and services.
This is possible due to the sheer volume of buyers, which drives down prices and allows each group or individual to benefit from economies of scale. Collective buying power plays a good role in reducing costs, as it ensures that purchasing decisions are made with consideration for both quality and cost-saving measures.