What is strategic sourcing? Process, costs, and how it saves money
Strategic sourcing is a long-term, total-value approach to buying, one that selects suppliers on the full cost of a relationship rather than the lowest quoted price. It is a discipline within procurement, and procurement is a function within supply chain...
How healthcare, hospitality, and manufacturing companies use GPOs differently
A vertical group purchasing organization aggregates demand within a single industry; a horizontal GPO aggregates demand across industries for the indirect categories they hold in common. The difference lies in...
How a GPO reduces costs without changing your existing suppliers
A group purchasing organization (GPO) lowers your indirect spend by moving your existing supplier accounts onto pricing it has already negotiated, so you keep the same vendors, the same products,...
How rising oil prices are driving up your delivery costs and supplier pricing
Brent crude hit $138 per barrel on April 7, 2026. As of mid-May, it has settled around $108 to $110 per barrel, roughly $44 to $46 higher than the same...
Category management in procurement: what it is and how it works
Procurement workloads climbed 10% in 2025 while procurement budgets rose just 1%, according to the Hackett Group 2025 Procurement Agenda Study. Category management in procurement is the discipline most procurement...
CenterPoint Group Acquires Prokuria to Bring AI-Powered Solutions to Group Purchasing
CenterPoint Group, a global leader in group purchasing and strategic procurement solutions, today announced the acquisition of Prokuria, an innovative artificial intelligence (AI)-driven procurement technology company. This strategic acquisition marks...
Group Purchasing Organizations Explained: What They Are and How They Work
The US group purchasing organization industry generates $7.3 billion in annual revenue across 560 businesses (IBISWorld, 2025). Globally, the GPO services market is projected to grow by $2.05 billion between...
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