A Group Purchasing Organization (GPO) is a collective that helps businesses, especially in sectors like healthcare, to save money by pooling their purchasing power. By joining a GPO, members can access better pricing and terms from suppliers, as the organization negotiates on their behalf. This allows smaller entities to benefit from discounts typically available only to larger companies. GPOs streamline the procurement process, making it easier for members to acquire necessary goods and services. They often provide additional resources, such as market research and supplier evaluations, to help members make informed purchasing decisions. This collaborative approach enhances efficiency and reduces costs for all involved.