Frequently Asked Questions
How Do I Join?
To learn more about membership requirements and the benefits of being in a group purchasing organization, please request an information packet here or call 720-361-1913 to speak to our sales representative.
How does your organization give back to the community?
Our dealers and vendors united in 2018 to build a new kitchen that serves 33,000 charitable meals annually. $90,000 worth of foodservice equipment was donated by our members, at no cost. The actions of our partners truly make our communities “Stronger Together.”
Strata GPO’s nonprofit, Cooking Up Better Lives, allows restaurant equipment dealers and vendors the opportunity to advance in corporate good and social responsibility. We provide an organized and national coordinating body for the foodservice equipment buying group industry to streamline, leverage and procure products and services to build a new kitchen at low to no cost.
To learn more, please visit our website: www.CookingUpBetterLives.org
What’s your secret to running a successful group purchasing organization?
People First. We listen and realize industry challenges and think forward to provide services and resources to channel that energy into directions of growth, opportunity and solutions to fit our membership’s needs.
Partners experience daily and direct access to our buying group team and experience our values first-hand. It is no secret that our success stems from having a strategic focus that is built on a customer-centric foundation.
We employ a talented and culture-oriented team who are driven to go one step further to relentlessly improve upon our member’s businesses.
And, of course, the true testament to our community is the time we take together to enjoy the journey.
(Company Values: People First, Customer Centric, Go One Step Further, Relentless Improvement, Think Forward and Enjoy the Journey.)
What does a partnership with Strata GPO look like?
Our partners experience daily and direct access to our buying group team and experience our values first-hand. We see ourselves as an extension of each dealer’s success.
What sets Strata GPO apart from other buying groups?
We are passionate about building and maintaining relationships in order to foster a community of growth. Our goals include driving mutual success and enriching the lives of our restaurant buying group partners with a customer-centric and people first attitude. Our community is our highest priority and that makes all the difference.
What are the benefits of joining Strata GPO?
Our professionally-run management team challenges the status quo. As forward-thinking leaders and technology trailblazers of the foodservice buying group landscape, we grow our dealer and vendor’s businesses for a competitive future – maximizing their group purchasing to become pioneers in the marketplace, and ultimately, driving success to the end-users through access to the largest network of dealers and vendors across the nation.
We are an extension of each dealer’s success. Enabling competitive procurement strategies that seamlessly blend with each dealer’s personal touch.
Dealers enjoy access to best-in-class reporting tools, unsurpassed vendor programs, comprehensive centralized accounting services, online education through proprietary training platforms, in-person and virtual educational seminars, attendance to our coveted annual networking event and admission into the industry’s most diverse multi-channel marketing program.
Our vendor partners have access to our coveted network of committed, growth-focused dealers who value our vendor programs and drive volume loyalty.
- Why should I join Strata GPO versus remain an independent dealership?
Strata GPO realizes industry challenges and thinks forward to provide resources and solutions to fit our members’ needs. Strata leverages its combined buying power to negotiate great programs that will help you compete with larger dealers and increase your bottom line.
- What is a GPO?
A group purchasing organization (GPO) is a collective made up of small businesses that band together so they can negotiate as a larger group with vendors to receive better pricing and terms on goods and services. The terms Buying Group and Group Purchasing Organization can be used interchangeably.
- How does a GPO work?
A GPO functions as an intermediary between its members and suppliers. Here’s how it typically operates:
GPOs leverage aggregated buying volume to negotiate contracts, including discounts, rebates, and favorable terms, with suppliers. These contracts often encompass a range of products or services used by the GPO members.
Once contracts are established, GPO members gain access to these pre-negotiated deals with suppliers. Members can then purchase goods or services at the agreed-upon terms, enjoying the benefits of bulk pricing without the need for individual negotiations.
Some GPOs offer additional support services, such as analytics, supplier relationship management, and procurement expertise, to assist members in maximizing savings and efficiency in their purchasing processes.
How can I save costs when I join a GPO?
Joining a Group Purchasing Organization (GPO) can help you save costs in multiple different ways:
- Volume Discounts: Strata GPO leverages the collective purchasing power of all members to negotiate better prices from vendors due to increased purchasing volume. This enables you to access discounts and pricing structures which would typically be unavailable to individual buyers.
- Procurement Efficiency: GPOs leverage aggregated volume of all members with suppliers to negotiate best possible pricing and economics for your business. This will allow you to focus resources on other aspects of your business, such as operations, growth, and profitability.
- Access to Preferred Suppliers: At Strata GPO, we have established relationships with a wide network of suppliers. As a member, you gain access to these vetted suppliers and take advantage of the competitive pricing we’ve negotiated on your behalf.
- Cost Transparency: GPOs provide transparent reports detailing cost savings achieved through negotiated contracts. This helps you track and understand your savings, allowing for better financial planning and decision-making to maximize your own profitability.
- Why partner with Strata- GPO?
- Cost Savings: Strata GPO enables members to access discounted prices and favorable contract terms due to aggregated buying power, resulting in significant cost savings on purchases. As a dealer, you have access to various cost-saving measures such as net/net pricing, which includes deep trade discounts, cash discounts, and rebates. These elements help you maximize your savings.
- Efficiency and Convenience: Strata GPO streamlines procurement processes by providing access to pre-negotiated contracts, saving time, and resources on individual negotiations and administrative tasks.
- Access to Quality Suppliers: We have established relationships with reputable, top suppliers, offering members access to a network of trusted vendors and ensuring quality products or services.
- Data and Insights: We also provide valuable data and insights on spending patterns, cost savings, and market trends, empowering members to make informed procurement decisions and optimize their purchasing strategy.
- Rebates and Additional Economics: Strata GPO demonstrates the industry’s most rapidly increasing rebate returns, solidifying its position as a market leader. Strata GPO provides dealer members an opportunity to earn additional economics above and beyond our industry leading vendor rebate programs.
- Networking: Our Annual Conference brings members and vendor partners together to reinforce relationships, establish new lines of business, and reaffirm partnerships.
- Education: At Strata GPO, we are passionate about empowering our dealer community with the training and education tools they need to sell more effectively and profitably. Sharpen skills with the FE&S industry’s most comprehensive video-based training platform for dealers, Cutting Edge Online Training. Engage in hands-on directed demonstrations from manufacturers through VETS (Vendor Education and Training Seminar). This high-level training focuses on the intricate details of how dealers can enhance the sales skills of their entire staff, expand their product knowledge to drive more sales and higher profits, and deliver exceptional value-added services to clients. And participate in live training events at carefully chosen vendor factory training facilities, known as Factory Trainings. These events provide an invaluable opportunity for hands-on learning and skill development.
- Marketing: Strata GPO provides comprehensive, multi-channel marketing services to drive the results members deserve. Our in-house experts and leading marketing partners ensure our members have access to a wide array of digital, print, and online marketing. Dealers can save up to 40%, along with valuable time, when working with our in-group, preferred marketing partners compared to outside marketing vendors.