Global Procurement Organization

The Global Procurement Organization (GPO) is an official business entity that is responsible for the procurement of goods and services from external sources on a global scale. It is responsible for the sourcing, selection, negotiation, and management of suppliers, as well as the management of contracts and the tracking of spend. GPOs are typically established to provide economies of scale, reduce costs, and increase efficiency in the procurement process. GPOs are also responsible for ensuring that the products and services purchased meet the needs of the organization, and that they are compliant with all applicable laws and regulations. GPOs are also responsible for the development of strategies and policies that are designed to maximize the value of the organization’s procurement activities. Finally, GPOs are responsible for the monitoring and reporting of performance metrics, such as cost savings, supplier performance, and contract compliance.