OMNIA Partners group buying power translates into savings across the board and inherent value beyond cost. Because of our strong relationships with our suppliers, service requests are elevated and contracts are pre-negotiated. We cover all strategic spend categories that organizations face both inside and outside of procurement through indirect and direct materials and value-added services that are typically managed outside of sourcing and procurement.
Our community of members and suppliers execute more contracts, in more verticals, with transparent, value-driven pricing. This means members can focus on strategic procurement initiatives and goals, while we take care of spend management. In other words, OMNIA Partners acts as an extension of your team.
Our team of contracting experts completes the sourcing groundwork so you can trust in value well beyond the GPO contract. Our strategic sourcing process includes:
Step 1: Category Research and Analysis
OMNIA Partners engages with members to identify and define new categories of need in challenging spend management areas while addressing individual objectives to align with collective goals.
Member feedback is paramount in analyzing category foundation and importance including reviewing existing contracts, usage data, pricing and technical and operational requirements. Our research spans a multitude of industries, potential supplier partners and market characteristics such as share concentration, substitutes and conversion costs.
Step 2: Sourcing Strategy
After assessing the market, interviewing potential supplier partners and incorporating member feedback, OMNIA Partners develops a strategic procurement and sourcing plan to create value-driven programs for our members.
Step 3: Extensive Negotiation, Evaluation and Contract Award
On behalf of all members and by utilizing our collective group buying power in the market, OMNIA Partners negotiates optimal pricing only available through our group purchasing organization, along with terms and conditions that protect members while increasing service levels and creating additional value. This achieves a core structure that provides flexibility to meet the unique goals of each member.
Step 4: Execution and Ongoing Contract Management
We ensure our supplier partner agreements maintain market competitiveness through continuous contract management. Our programs undergo ongoing efforts that include supplier partner business reviews, real-time market assessments and frequent contract performance measurement across the membership. Continual contract maintenance ensures that solution offerings adhere to the latest in strategic procurement best practices and innovations.
Through our unique sourcing and procurement approach OMNIA Partners helps members optimize their procurement process while providing a connection to the right supplier partners with the right products and services, for the right price with industry-leading terms and conditions. This results in the most advantageous GPO contracts in the nation, speed to savings, sustainable success, and an enhanced supplier relationship for our members.
Market-leading companies recognize that allocating up to 500 hours of internal resource time to execute a competitive bid or RFP is inefficient. When you consider the time required to gather stakeholder requirements, capture and analyze data, navigate legal requirements, implement, track results and establish an ongoing supplier management process, it becomes difficult to justify a “do it yourself” model.
Once established, we apply group buying power and influence to all aspects of the program, ultimately creating a unique experience without sacrificing individual company needs. Our knowledge of cost drivers keeps us one step ahead of the market. Creating a fine-tuned program that not only delivers meaningful savings, but also prevents the undetected “price creep” or diminished returns commonly associated with unmanaged programs.
OMNIA Partners provides members with an enhanced experience that combines the power of our group buying power with the agility of a custom program. We work collaboratively with our suppliers to:
- Identify continuous process improvements
- Provide innovation through best practices and technology tools
- Ensure offerings stand-alone
- Create a fully streamlined and cost-effective procurement experience
Our immense group buying power translates into strategic importance for our supplier partners and accelerated market share expansion. We provide long-term solutions and industry expertise so our members and suppliers can capitalize on initiatives that are truly strategic to their businesses.
In areas where procurement’s bandwidth is limited, GPOs offer a solution to quickly plug into an existing supply base without having to conduct time-consuming and expensive sourcing activities. GPOs provide an option to realize potential savings faster while keeping procurement’s operating costs in check."
- The Hackett Group