PurchasingPoint Group Purchasing Volume by Members Increased Estimated 10 Percent in 2014
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PurchasingPoint®<%2Fa>,%20the%20only%20group%20purchasing%20organization%20in%20the%20nonprofit%20marketplace%20focused%20solely%20on%20the%20needs%20of%20large%20national%20nonprofit%20human%20services%20organizations%20and%20their%20affiliates,%20announced%20that%202014%20produced%20the%20highest%20member%20purchasing%20volume%20—%20totaling%20$66%20million%20and%20up%20an%20estimated%2010%20precent%20from%202013%20—%20in%20its%2010-year%20operating%20history.%20The%20activity%20reflects%20the%20discount%20purchasing%20of%20approximately%204,500%20nonprofit%20networks%20and%20affiliates,%20as%20well%20as%20a%20large%20national%20foundation%20and%20multiple%20nonprofit%20associations,%20which%20resulted%20in%20an%20average%20savings%20of%2033%20percent%20on%20products%20ranging%20from%20office%20supplies%20to%20travel%20services.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.nonprofitpro.com%2Farticle%2Fpurchasingpoint-group-purchasing-volume-increased-estimated-10-percent%2F" target="_blank" class="email" data-post-id="3404" type="icon_link">
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"Group purchasing is increasingly becoming a strategic decision for nonprofit management," said Irv Katz, president and CEO of PurchasingPoint®. "While nonprofit spending continues to increase, current activity is coming at a time when donors and grantees are reluctant to fund overhead. As a result, many nonprofits skimp on overhead spending altogether. Instead, nonprofit managers can begin to look closer at managing the largest component of overhead after personnel: purchasing the products and services needed to deliver on their mission."
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