Imagine this: you have the ability to buy in bulk from vendors in your area. You are able to take advantage of competitive pricing to realize administrative cost savings. And, you can build a relationship with the vendor that’s giving you supplies.
Don’t believe it’s possible? Then, you need to learn more about cooperative purchasing contracts. These contracts establish agreements between state agencies, vendors, businesses and regional or national associations group purchasing.
In turn, each entity has the ability to save money and succeed. Those benefits of cooperative purchasing then spread to other businesses, though the use of piggybacking within the cooperative purchasing organization.
To learn more about cooperative purchasing agreements and how piggybacking works, keep reading. We have everything you need to know.