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The power of group
purchasing organizations
for veterinary practices
Leveraging group purchasing organizations
can earn veterinarians a powerful seat at
the buying table, especially for single and
small-group owner practices. Think of it like
a David and Goliath kind of situation.
Group purchasing organizations
for veterinarians
PSIvet is a veterinary GPO for members to purchase
veterinary supplies at discounted prices and access
education and technology solutions for practice efficiency.
What is a group purchasing
organization?
A study by The Hackett Group defines a GPO as "an entity
that is created to leverage the purchasing power of a group
of businesses in order to obtain discounts from suppliers
based on the collective buying power of its members."
In simpler terms, a GPO is an organization that pools the
buying power of its individual members to help get group
pricing on products and services.
GPOs also provide benefits to the suppliers that members
purchase from, like an expanded market, access to industry
insights and ability to build better buyer relationships.
