OMNIA Partners Blog

Stop Leaving Money on the Table: Improve Your Indirect Spending This Year

February 8, 2017 / by Sonda Sahley posted in Group Purchasing Organization, Procurement Strategies, GPO

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Indirect spend is getting a lot of attention lately, as cost reduction is a key strategic priority for businesses worldwide. As we’ve shared before, not using a GPO for certain indirect spend categories is the same as leaving money on the table. But, exactly how much money are we talking about? And, perhaps the better question is: how can you avoid leaving that money on the table?

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Why “We’re Different” Is an Expensive Sentence

February 1, 2017 / by Jack Quarles posted in Group Purchasing Organization, Procurement Strategies, GPO

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The following is an edited excerpt from the book Expensive Sentences: Debunking the Common Myths that Derail Decisions and Sabotage Success written by Jack Quarles. It is available on Amazon.

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Benefits of a Modern Group Purchasing Organization vs. a Traditional GPO

September 27, 2016 / by Nicole Shedden posted in Group Purchasing Organization, Procurement Strategies, GPO

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At the core, a traditional GPO provides value through three main elements: money, time and resources.

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Are You Leaving Money on the Table?

July 20, 2016 / by Dustin Cochran posted in Group Purchasing Organization, Procurement Strategies, GPO

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"A decision not to use GPOs for specific indirect spend categories is the same as leaving money on the table" was the headlining quote from a recent Procurement Executive Insight from The Hackett Group.

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How Does a GPO Work?

June 2, 2016 / by Nicole Shedden posted in Group Purchasing Organization, Procurement Strategies, GPO

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A recent study by The Hackett Group defines a group purchasing organization (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.”

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Is a GPO Right for Me?

May 17, 2016 / by Nicole Shedden posted in Group Purchasing Organization, Procurement Strategies, GPO

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Group purchasing organizations (GPOs) come in many shapes and sizes. Before determining what kind of GPO would best fit your organization, you must first decide if a group purchasing organization is right for you.

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What Is a Group Purchasing Organization (GPO)?

May 13, 2016 / by Nicole Shedden posted in Group Purchasing Organization, Procurement Strategies, GPO

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To manage overhead costs associated with running the business, companies will often hire employees dedicated to ensuring that capital is spent efficiently. At its core, this is the role of a procurement department.

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New Year, New Goals

January 7, 2016 / by Mary Petzinger posted in Group Purchasing Organization, Procurement Strategies, GPO

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It’s hard to believe a year has passed since we wrote our “Welcome to 2015” post. Cliché but true! As predicted, it was an exciting year at Corporate United.

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How Our Amazon.com World Is Affecting Corporate Procurement Trends

December 14, 2015 / by David Clevenger posted in Group Purchasing Organization, Procurement Strategies, GPO

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How could paying to watch your favorite show on Amazon affect how corporate procurement departments function?

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