Cooperation is empowering and the concept of cooperative procurement is premised on cooperation. By leveraging cooperative purchasing (where it makes sense) you can enjoy the benefits of economies of scale and greater efficiency in obtaining goods and services. The idea behind such a program is to combine the requirements of several entities to obtain conditions on pricing, volumes, terms, and conditions that you would not obtain otherwise.
In this episode of the PGC podcast, procurement veteran Bob Perkins explains how it is helping enhance public agencies' bargaining power and buying efficiencies. Private and public sectors alike can avail of this purchasing method to their advantage but there are certain situations where your gain can be maximum.
Catch up with these two procurement experts to get a deep understanding of the benefits of this approach, under what circumstances you should leverage it, and what challenges you may have to encounter on the way.
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