Also known as collective buying. The practice of combining the procurement requirements of two or more organisations into a single purchasing exercise to increase buying power, achieve better value for money, and reduce procurement costs. It can also simplify contract management and improve commercial leverage with suppliers.
Aggregation
Combining the purchasing requirements of two or more organisations into one exercise to increase buying power and value for money.
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Related Glossary Terms
The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
A global classification system used to categorize products and services for procurement and spend analysis.
A unique 12-character identifier assigned via SAM.gov to organizations doing business with the federal government, replacing the DUNS number.
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