Top Ways a GPO Will Make 2023 Your Best Year Yet
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As we ease into the new year, you’re likely wondering, “How can we make 2023 even better than 2022?”
You’ve learned countless lessons each year in business, but if you’re truly looking to maximize growth in the coming year, it’s time to start thinking differently. One of the best ways to grow? By saving money and putting more time into your schedule — which is exactly what joining a group purchasing organization (GPO) will allow you to do.
GPOs leverage collective purchasing power, so group members receive better pricing through bulk savings (without compromising on quality). This means you’ll save big on food orders and eliminate the stress of price shopping. Companies that join a GPO can take advantage of bulk rates and discounts to position themselves for success in the new year.
If you’re new to GPOs and hoping to skyrocket your growth in 2023, here are four ways a GPO can help you achieve that.
Cut costs
Though there are a handful of ways to save money in the food industry, it’s hard to find strategies that don’t compromise the quality of your menus. Fortunately, a GPO allows you to get the high-quality items you need without breaking your budget. In addition, with an efficient shipping and delivery process that’s more sustainable for the supplier, you’ll get a lower cost per item without purchasing more than you need.
Put more time into your schedule
How many hours have you spent scouring the marketplace for unique brands and the latest deals? What if you could spend that time on revenue-generating activities instead? With a GPO, you can let someone else handle the heavy lifting. Experienced GPO managers have extensive knowledge in the catering and culinary industry, are familiar with negotiation best practices, and have a network of ingredient suppliers at their fingertips. As a result, you’ll get everything you need while having more time to focus on doing what you love.
Access more options
If you’ve purchased from the same handful of distributors, you’ve likely had to deal with limited options. Most food providers partner with specific brands, so you can only access their available inventory. The result? Limited menus and fewer opportunities to turn a profit. Fortunately, GPOs have access to some of the top food suppliers, so you can get better options at better prices when sourcing ingredients.
Rely on professional support
The best GPOs provide members with worthwhile resources, education, and support that allows them to grow their businesses. You’ll become part of a group that understands the ins and outs of your industry, so you can get the advice you need to move the needle in your business. Whether it’s menu development or maintenance solutions, your GPO can help guide you as you grow.
If you’re looking to scale your business in 2023, now’s the time to consider joining a GPO. Memberships have no fees, so you can rest easy knowing you won’t be locked into any purchasing requirements. Grow your business, cut costs, and start 2023 on a high note!
Clint Elkins is the V.P. of Sales for SB Value, a Group Purchasing Organization that helps culinary professionals save an average of 16% on every food order. Membership is 100% free. No hidden fees. No extra work. Just extra profits. See how much you can save on your next food order when you become an SB Value member. Request a quote today.
