operations and decision making lesson 10
Instructions
Why does a hospital need both a group purchasing organization and a purchasing department?1.Your initial post should be at least 200 words.2.Correct grammar, spelling, and punctuation are expected.3.APA format with at least one cited reference (APA format).4. you must have 2 references and I will post the chapter of the textbook so that the writer can find the specific answers
Answer
Group Purchasing Organization and Purchasing Department Group Purchasing Organization (GPOs) is an entity which is created to leverage the purchasing power of a group of business and aims at collecting discounts (Pruitt, 2020). On many occasions, the GPOs are designed to purposely reduce risks by lowering costs through reducing the Total Cost of Ownership of the purchased goods. The shared purchasing power gives any business advantage since the cost is shared. Common organizations like Industrial manufacturers and nonprofits use GPOs and the purchasing department. In America, this is a commonly used method by healthcare since the 1970s to protect the patients from overpricing. The role of GPOs is to negotiate and source prices on behalf of the healthcare providers hence it offers the best...
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