Cooperative Purchasing is a procurement method where multiple organizations come together to buy goods and services collectively. This approach allows them to leverage their combined purchasing power, often resulting in lower prices and better contract terms. It is commonly used by government agencies, schools, and non-profits to save money and streamline the buying process. By collaborating, these organizations can share resources, reduce administrative costs, and access a wider range of products. Cooperative Purchasing also simplifies the procurement process, as members can benefit from pre-negotiated contracts without having to conduct their own bidding processes.