AHMA Announces Launch of Advantage GPO.Global Buying Consortium Designed to Increase Profitability SCHAUMBURG Schaum·burg A village of northeast Illinois, a suburb of Chicago. Population: 74,900. , Ill. -- The American Hardware Manufacturers Association (AHMA AHMA American Hardware Manufacturers Association AHMA American Holistic Medical Association AHMA American Hotel & Motel Association AHMA Atlanta High Museum of Art (Atlanta, GA) ), the hardware/home improvement's leading trade association, today announced the launch of Advantage GPO, a buying consortium designed to increase the profitability of its members. "The focus on profitability has increasingly shifted to taking cost out of operations," said Timothy S. Farrell, AHMA's President and Chief Executive Officer, "and this program can significantly and positively improve a company's ability to do so." Advantage GPO gives members the ability to take advantage of the buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. of more than 450 companies to leverage pricing on items ranging from raw materials to office supplies Office supplies is the generic term that refers to all supplies regularly used in offices by businesses and other organizations, from private citizens to governments, who works with the collection, refinement, and output of information (colloquially referred to as "paper work"). from more than 110 endorsed suppliers. AHMA members, as well as other industry manufacturers, wholesalers, retailers, etc., can join Advantage GPO. "We know that the top economic concerns for manufacturers are costs for raw materials, MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. , shipping and energy costs," said Farrell, "and Advantage GPO is a way to mitigate mit·i·gate v. To moderate in force or intensity. mit  i·ga tion n. those concerns.
Advantage GPO will provide real savings to help our members gain a
competitive advantage in the ever-increasing global marketplace."
Advantage GPO is powered by Prime Advantage, a leading buying consortium for small and mid-sized manufacturers. "Over the last ten years, our group of Members and Endorsed Suppliers has formed strong partnerships that create long term cost reduction and increased profitability for our members," said Louise O'Sullivan, president of Prime Advantage Corporation. About Advantage GPO Advantage GPO is a private buying group established to deliver savings on raw materials, components, supplies and services. Combining the purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. of industrial manufacturers, Advantage GPO uses its group leverage to negotiate volume rebates and discounts with an exclusive group of world-class, endorsed suppliers. Membership in Advantage GPO is not restricted to AHMA members. In fact, any company or organization in the hardware/home improvement industry can become a member of Advantage GPO and still receive significant discounts and rebates. AHMA members receive a discount on Advantage GPO annual membership fees. Advantage GPO is a proprietary program of the American Hardware Manufacturers Association. About the American Hardware Manufacturers Association (AHMA) The American Hardware Manufacturers Association (AHMA) is a globally focused trade association of manufacturers, or providers, of hardware, home improvement, lawn and garden, paint and decorating, building and construction and related products, as well as manufacturers' representative's agencies and trade publications. AHMA offers many valuable member and industry programs, services and activities including the AHMA Advantage GPO(SM) (Group Purchasing Organization A group purchasing organization is an entity that leverages the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members. Many GPOs are funded by administrative fees that are actually paid by the vendors. ), AHMA Hardlines Technology Forum([R]), AHMA / USA International Pavilions, Government Relations Programs, Member Benefit Vendor Programs, Member Cost Reduction Programs, AHMA Hardware Industry Relief Effort (HIRE), and the AHMA / Habitat for Humanity Habitat for Humanity, nonprofit ecumenical Christian organization that enables low-income people to own affordable, livable housing. Headquartered in Americus, Ga., it was founded in 1976 by businessman Millard Fuller and his wife. Partnership. For more information about AHMA, please visit www.ahma.org. |
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