A Group Purchasing Organization (GPO) is an entity that leverages the collective buying power of multiple businesses within the industry to negotiate discounted prices and favorable terms with suppliers. By aggregating the buying needs of its members, a GPO helps businesses, such as restaurants or hotels, access cost savings on various goods and services, including food, beverages, equipment, and other supplies. This collaborative approach allows smaller businesses to benefit from the economies of scale typically enjoyed by larger enterprises.
Group Purchasing Organization (GPO)
« Back to Glossary Index