Purchasing from co-operatives
These co-operatives include some very consequential entities in both the private and public sectors.
With this in mind, here are 5 purchasing co-operatives you should know.
Purchasing co-operatives can be for practically anything, and Carpet One is a good case in point. The organization is an association of some 1,000 independent floor-covering retailers, the largest entity in the industry worldwide.
Carpet One(1) | #Carpet One | handles everything from carpet to luxury vinyl, hardwood, tile, and laminate. The member retailers are locally-owned stores, offering competitive prices to consumers – in no small part because the co-operative allows them to get competitive pricing from suppliers.
National Cooperative Purchasing Alliance (NCPA)
Governmental entities can form purchasing co-operatives too, and the National Cooperative Purchasing Alliance (NCPA)(2) | #National Cooperative Purchasing Alliance (NCPA) | is case in point. NCPA is a major public-sector co-operative which works to reduce the costs of goods and services to public agencies and nonprofit organizations in all 50 states.
Over 90,000 public-sector and nonprofit organizations are eligible for NCPA’s services, including school districts, higher education, and local, state, and federal agencies.
Association of Educational Purchasing Agencies (AEPA)
The Association of Educational Purchasing Agencies (AEPA)(3) | #Association of Educational Purchasing Agencies (AEPA) | is an educational purchasing co-operative. It started in 2000 with organizations in 10 member states and now encompasses 26.
AEPA reviews bids twice a year, and member organizations can choose from approved bids based on what they believe will be best for their particular states. It is common for contracts to be awarded for one year, with renewal for three additional years an option as well.
Midwestern Higher Education Compact (MHEC)
The Midwestern Higher Education Compact (MHEC)(4) | #Midwestern Higher Education Compact (MHEC) | was created to serve higher education institutions in several member states, namely Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Ohio, and Wisconsin.
The purpose of MHEC is specifically to provide for greater educational opportunities and services in the Midwestern region in order to facilitate better access to education for citizens. After all, with more efficient use of resources, schools in these states have more to offer students.
Do it Best Corp.
Do it Best Corp.(5) | #Do it Best Corp. | is a co-operative dedicated to serving hardware stores, home scents, lumberyards, and distributors and e-tailers in these industries. It is a good example of the use of a co-op to help businesses in a specific industry.
The organization provides lumber and hardware products and uses its combined buying power to ensure competitive pricing.
Carpet One website | https://www.carpetone.com/ |
National Cooperative Purchasing Alliance (NCPA) website | http://www.ncpa.us/Page/About |
Association of Educational Purchasing Agencies (AEPA) website | http://aepacoop.org/about/ |
Midwestern Higher Education Compact (MHEC) website | https://www.mhec.org/about |
Do it Best Corp. website | http://www.doitbestcorp.com/AboutDIB/Pages/Index.aspx |