Strength in numbers. (group purchasing in property management)(includes related article on Delaware Valley Purchasing Group): An article from: Journal of Property Management

This digital document is an article from Journal of Property Management, published by Institute of Real Estate Management on May 1, 1998. The length of the article is 2653 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Group purchasing is an ideal approach for real estate management firms that want to cut cost. This practice not only translates to savings of 15% to 20% on goods and services but also realizes savings in staff time since ordering, accounting and recordkeeping are minimized. Group purchasing involves the development of a systematic purchasing program for all properties being managed by the firm that entails working with only a few selected vendors. In formulating such a program, a management firm should first assess its purchases, particularly those frequently used or expensive items. Then, it should evaluate candidate vendors based on the quality of service it offers. Alternatives to group purchasing are a third-party buying group, a full-service wholesale distributor or a consortium with other firms.

Citation Details
Title: Strength in numbers. (group purchasing in property management)(includes related article on Delaware Valley Purchasing Group)
Author: Howard Franklin
Publication:Journal of Property Management (Refereed)
Date: May 1, 1998
Publisher: Institute of Real Estate Management
Volume: v63 Issue: n3 Page: p50(5)

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