subject: Top 5 Reasons To Join A Group Purchasing Organization [print this page] Becoming a member of a group purchasing organization (GPO) provides opportunities to purchase products and services needed to operate your practice every day at discounted rates. Saving money on quality products and services is the bottom line, but there are other reasons to join a GPO. Our Top 5 reasons include:
5) Networking
Becoming a member of a GPO allows you access to the organizations list of product and service providers. Forming relationships with these vendors will give you an opportunity to attend events and other informal networking gatherings they provide.
4) Lower Purchasing Risks
Most GPOs subject potential vendors to a full vetting process to help ensure the credibility and value of the vendor. GPO members are often a good source of potential vendors - companies they have worked with successfully.
3) Quality Purchasing
Because the GPO has prescreened and vetted vendors the risk of working with substandard companies is significantly reduced. In addition, the GPO member saves time by not having to perform the screening work for each and every vendor they want to consider working with.
2) FREE Membership
Not all group purchasing organizations provide free membership, so finding one that does offer free membership is an advantage. If the GPO you are considering has free membership, a broad range of vendors and the buying power you would ideally like - join quickly.
1) Savings
Increased buying power means vendor discounts. Saving money should be a priority for your practice. Joining a group purchasing organization with many members gives you a greater chance at saving money on these products and services you need every day. There are also several GPOs that award qualifying members rebates based on specific sales, further increasing the value of membership
As your practice searches for a credible group purchasing organization, remember to ask a lot of questions such as finding out the number of members in the organization. Understand what agreements are in place for the members and the terms for accessing these agreements. And lastly, find out what type of savings you can expect by becoming a member of the organization. Doing your homework early on can potentially save thousands of dollars and hours of time annually for your practice.
by: Robby Monk
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