What is another word for Joint Purchasing?
Pronunciation: [d͡ʒˈɔ͡ɪnt pˈɜːt͡ʃɪsɪŋ] (IPA) 
Joint purchasing refers to the collaborative act of procuring goods or services together. Sometimes, individuals or organizations pool their resources and purchasing power to achieve better deals, quality, or efficiency. Synonymous terms for joint purchasing include group buying, collective procurement, shared procurement, and cooperative purchasing. In this approach, buyers leverage their collective strength to negotiate favorable terms, such as bulk discounts, improved delivery schedules, or access to exclusive products. Joint purchasing enables participants to save time, reduce costs, and streamline procurement processes. By working together, entities can maximize their purchasing potential and obtain mutual benefits that would be harder to achieve individually.
