By definition, Cooperative Purchasing is a business model that allows a group of buyers to pool their
buying power to negotiate more favorable pricing on goods and/or services. Cooperatives are setup to
take advantage of the combined purchasing volume of the multiple companies in the group.
Cooperatives can vary in size, but are all usually built upon a common set of principles, such as:
Cooperative Purchasing can create significant contributions for its members’ bottom lines by lowering
costs, reducing redundancy, and freeing up valuable resources to be reallocated to other strategic
Some of the benefits members can expect to take advantage of when utilizing a cooperative are:
Ultimately, organizations that are part of a cooperative purchasing group should treat it as a reliable
business partner, helping to support their mission and achieve their fundamental goals.
For more information about NEOnet’s developing Essential Discount Marketplace, please
contact Jason Smith by phone at (330)926-3900 x-601115 or by email at firstname.lastname@example.org.