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Spend Matters, a leading supply chain and spend management publication, in conjunction with Allianza Partners, this week released a report highlighting the “overwhelming benefits” that GPOs bring to the supply chain. The report, GPOsand Buying Consortiums Must Be on the Radar for 2011-2012, examines how the most effective procurement organizations are increasingly turning to GPOs as economic and budgetary constraints cause companies to rethink their procurement strategies.
Spend matters reported that 15-20% of Fortune 1000 companies currently use buying consortiums such as GPOs, and 85% of the time, they’re seeing 10%+ of real savings.