At a time where organizations are being forced to cut costs, and supply chain disruptions are causing chaos, solutions are difficult to come by. But there is a way to save money, strengthen lines of supply, and continue to thrive: joining a group purchasing organization (GPO).
If you aren’t familiar with GPOs and the services they provide, or you need a quick refresher, you’ll find everything you need to know here. In this article, you’ll discover the many benefits of group buying and your GPO membership.
Leverage the Power of Group Buying and Access Exclusive Discounts
Cutting costs doesn’t have to mean layoffs, reducing budgets, or selling assets, especially if you’re a GPO member. As part of a group purchasing organization, you can minimize spending by accessing exclusive discounts and paying less for the products you already buy. These discounts have been negotiated on your behalf by the GPO, so the next time you need to make a purchase, you won’t have to haggle to receive the best price possible.
How have GPOs secured these prices? By leveraging the strength of their members. As a single buyer, you have very little power. Sure, suppliers and manufacturers want you to buy from them, but would they reduce their prices to secure your business? No. In contrast, as a member of a GPO, you’re no longer a single buyer; you’re part of a powerful buying group.
Emboldened by the influence of their members, and the lure of the group’s collective purchasing power, GPOs are able to contract suppliers and secure reduced prices that you would be unable to attain as a singular organization.
Purchase from Reputable Brands
Become a member of a powerful GPO, and you’ll be able to connect with some of the largest, most reputable brands. If you’ve previously been priced out by big names, or you’ve opted for low-cost alternatives, your GPO membership will mean you can get the highest quality products for an exclusively low price.
Thanks to the purchasing power of more than 8,000 members, CNECT is delighted to offer discounts with industry-leading brands such as Office Depot, AT&T, Verizon, McKesson, and Henry Schein. Check out more of the well-known suppliers we work with here.
Access a Variety of Options
Whatever industry you’re in, being a GPO member gives you the ability to procure the products or services you need at a great price. GPOs negotiate contracts with an array of vendors, suppliers, and manufacturers. With access to these contracts, and the many products they cover, you’re empowered to build your organization from the ground up and continue to procure quality products at discounted prices long into the future.
CNECT members have access to more than 3,000 contracts, covering items ranging from healthcare products and medical supplies to office equipment and IT hardware. Whatever your organization needs, we’ve got you covered.
Optimize and Strengthen Your Supply Chain
Since early 2020, when the COVID-19 pandemic began, the global supply chain has faltered. The effects have been felt by industries across the board, with organizations scrambling to secure the products they need. When you’re reliant on a single supplier, you’re vulnerable to supply chain problems leaving you without the stock you need and unable to service your customers. When you’re part of a group purchasing organization, you have access to an array of suppliers, significantly increasing your chances of securing the products you need.
All our members can receive one-to-one support from the CNECT team as we get to know their individual needs. Over the last two years, this has allowed us to ensure our members aren’t derailed by supply chain disruptions. When supply lines have dried up, we’ve connected members to alternative products; when prices have been unstable, we’ve ensured they’ve secured a fair, accurate price; and when they’ve needed us, we’ve been there.
Utilize Industry Knowledge and Support
When you join a group purchasing organization with a large portfolio of contracts and so many opportunities to save costs, it can be overwhelming. But it doesn’t have to be. GPOs are hubs of knowledge and can support your business in finding the best solution to satisfy your needs. Having worked with so many members and suppliers, they understand the needs and motivations of both sides, and can use their knowledge to provide the support and insight you need no matter what you’re looking to procure.
At CNECT, we prioritize the success of our members. To ensure their organizations are best positioned to succeed, we provide one-to-one support to every member, so they can rest assured that expertise is always at hand. This support is backed by a library of resources — including webinars, blog posts, and newsletters — that keep our members up to date with everything they need to know.
Become a CNECT Member Today
From exclusive discounts on big-name brands to supply chain optimization and one-to-one support, your organization will experience so many benefits by joining a GPO. What’s more, if you decide to become a CNECT member, it’s absolutely free! That’s right, free!
Our members don’t pay a penny to access our discounts, our collection of more than 3,000 contracts, or to receive our personal support or resources. With CNECT, members are empowered to achieve their business and financial goals. There really is no catch.
To start your GPO journey and become a CNECT member today, fill in the contact form here and one of our team will give you a call!