A group purchasing organization, or GPO, is an entity that leverages the purchasing power of a group of businesses to obtain discounted pricing from vendors based on its collective buying power. More plainly, a GPO offers discounts on the supplies, products, and services needed every day by its member organizations.
A GPO is similar to a “big box” membership club, but without a membership fee or warehouse facility. In these bulk stores, the more you buy, the more you save. GPOs work in a similar way. Members join Innovatix, choose which of our negotiated contracts they want to access from our portfolio, and place orders for products and services from the vendors they have selected. Like bulk discount stores, our portfolio contains both brand name and private label (store brand) items. And like bulk discount stores, we are able to offer discounted prices because of the combined purchasing volume of our members. The result? Members save big on the things they use every day.
But unlike bulk stores, Innovatix members pay no membership fees and they are not required to meet minimum purchasing requirements.
Watch this brief video to discover how you can leverage Innovatix’s buying power to save 10%–73% on your total annual purchasing spend.