Cooperative purchasing is a procurement approach that allows organizations, including public agencies and nonprofits, to purchase goods and services using existing contracts negotiated and awarded by other public agencies.
Here are some the key benefits of using a Cooperative Purchasing Agency:
1.You Save Time and Effort
Unlike the lengthy process of writing an RFP (which can take 6-10 weeks), cooperative purchasing provides access to vendor contracts that have already been competitively vetted and awarded by an independent third party. This means you save time and effort, getting back valuable weeks for your employees.
2. It’s Cost Effective
Cooperative Purchasing Agencies have already done the legwork, negotiating with suppliers on your behalf. As a result, you benefit from competitive pricing and favorable terms. Even smaller institutions can access significant discounts.
3. You Gain Access to Quality Vendors
Cooperative purchasing agreements are established with reputable vendors who have undergone thorough vetting through a competitive bidding process. This ensures that your organization gains access to high-quality services from reliable suppliers.
4. It Streamlines the Procurement Process
When your purchasing department joins a Cooperative Purchasing Group, you can directly access vendors for needed services, interview them, and commit to contracts without lengthy negotiations. Implementations can begin promptly.
iParq is a proud member of several Cooperative Purchasing Agencies. If you’re interested in exploring Cooperative Purchasing options, contact iParq to learn more information, or give us a call at 805-562-8200.
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