Unleashing the Power of Group Purchasing in Your Supply Chain
In this engaging episode of the Digital Supply Chain podcast, I, Tom Raftery, had the opportunity to speak with James Hallock, Chief Revenue Officer and Interim CEO at CoreTrust, a Group Purchasing Organization (GPO) with over 2,800 members and more than 150 contracts across numerous categories of indirect spend.
James shares his insights on how GPOs work and the benefits they provide to their members by leveraging the collective purchasing power. We delve into the role of GPOs in driving sustainable practices and the importance of supplier relationships. James also clarifies some common misconceptions about GPOs, emphasizing that they are not just for smaller companies, but can bring value to larger organizations as well.
Key topics discussed in this episode include:
- An introduction to Group Purchasing Organizations (GPOs) and their role in procurement
- How GPOs help businesses save money and streamline their supply chain processes
- The role of sustainability in GPOs and the impact on supplier relationships
- Debunking misconceptions about GPOs and their target audience
Don't miss this informative conversation with James Hallock, where we explore the world of GPOs and their impact on the digital supply chain.
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