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Q. Who is CoreTrust
Purchasing Group?
A. CoreTrust
Purchasing Group is group purchasing organization
(“GPO”). As a GPO, we contract with suppliers of
products and services to establish terms and pricing
for purchasing by our members. CoreTrust aggregates
purchasing volumes across its membership and
negotiates contracts with leading suppliers in
several indirect spend categories so that it’s
members gain pricing benefits from combined
purchasing volume. CoreTrust’s primary role is to
represent the best interests of its members by
negotiating the best possible pricing under its
supplier contracts.
Q. Is CoreTrust
Purchasing Group a supplier?
A. No. CoreTrust does
not sell any products to its members. We are a
contracting agent. Members and
prospective members should be comfortable sharing
pricing with CoreTrust to perform their value
analysis.
Q. Who holds the
contract with the supplier?
A. CoreTrust
negotiates and holds the contract with the supplier
on behalf of its members.
Q. CoreTrust requests
exclusivity as a GPO. What does that mean?
A. CoreTrust requires
its members not to use another GPO for product
and/or service categories selected in the
participation agreement.
Q. CoreTrust requires
“compliance”. What does this mean?
A. CoreTrust requires
members purchase at least 80% of the
products/services in the selected category (or
categories) under the supplier contract(s) in the
selected category (or categories).
Q. Do larger members
receive better pricing than smaller members?
A. CoreTrust does not
typically set pricing based on a particular member’s
size or volume. In most cases it is one price for
all and unit one pricing.
Q. What does it cost
members to join?
A. Nothing. As a GPO,
CoreTrust receives its revenues from contracted
suppliers, based on the volume of purchases under
supplier contracts by its members.
Q. How long is a
typical participation agreement?
A. Minimum terms are
typically one (1) year with automatic renewals.
Q. How many categories
does CoreTrust require for members to join?
A.
CoreTrust requires companies to sign up to multiple
categories where savings are demonstrated.
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