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Search What are the discounts for group purchases ? ... Definition of Purchase Discount . A purchase discount is a deduction that a company may receive if the supplier offers it and the company pays the supplier's invoice within a specified period of time. The purchase discount is also known as a cash discount or early-payment discount .
In the United States a group purchasing organization (GPO) is an entity that is created to leverage 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 paid by the vendors that GPOs oversee. Some GPOs are funded by fees paid by the buying members.
What is a purchase discount? | AccountingCoach
Group purchasing organization - Wikipedia
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