About Group Purchasing Organization Service
Group Purchasing Organization (GPO) services refer to collective buying systems in which several organizations or businesses can pool together in order to purchase goods and services at a lower price. In effect, the GPO seeks to consolidate the buying power of its members to better negotiate price and terms with suppliers so as to allow for small organizations to enjoy discounts normally offered to larger companies. Industries like health care, education, and government have made great use of GPOs in their attempts to effectively navigate purchasing costs. The GPO's primary purpose is to negotiate for and secure the very best contracts for their membership for a very great variety of products and services that include, among many others, medical supplies, office equipment, and IT services. In addition, some GPOs may offer value-added services, including supplier management, market insights, and compliance support, which can aid in streamlining the procurement process and further lowering operational costs. and The GPO service, other than costs saving, presents its members with the benefits of centralized purchasing to ease procurement, promote supply chain consistency, and enhance operational efficiency. Through joining a GPO, businesses can concentrate on their core activities, enjoying the benefit of the GPO's economies of scale, which would be quite difficult to obtain on their own. Therefore, GPOs assist in enhancing profitability and operational efficiency in various industries.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
HPS (Houston, Texas, USA), Premier (Charlotte, North Carolina, USA), OMNIA Partners (Nashville, Tennessee, USA), Procure Analytics (PA) (Chicago, Illinois, USA), Corcentric (Cherry Hill, New Jersey, USA), Una (Madison, Wisconsin, USA), Vizient (Irving, Texas, USA), CenterPoint (Houston, Texas, USA), LBMC Procurement Solutions (Nashville, Tennessee, USA), Pandion (Tampa, Florida, USA) and Foodbuy (Charlotte, North Carolina, USA) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Group Purchasing Organization Service market by and Region.
On the basis of geography, the market of Group Purchasing Organization Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. Small Enterprises will boost the Group Purchasing Organization Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Healthcare will boost the Group Purchasing Organization Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Type, the sub-segment i.e. Cloud will boost the Group Purchasing Organization Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Software Type, the sub-segment i.e. Spend Analysis will boost the Group Purchasing Organization Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.