Group purchasing organization
ENTITY THAT IS CREATED TO LEVERAGE THE PURCHASING POWER OF A GROUP OF BUSINESSES TO OBTAIN DISCOUNTS
Group purchasing organisation; Group purchasing organizations; Group Purchasing Organization; Buying group; Private purchasing group
In the United States, a group purchasing organization (GPO) is an entity that is created to leverage the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members.