Question

A purchasing consortium: Group of answer choices is a form of collaborative purchasing used only by the public sector to deliver a wider range of services at a lower total cost. results in price concessions from suppliers, but usually does not speed up the purchasing process. consists of two or more independent organizations that combine requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers. speeds up the purchasing process, but does not usually result in price concessions from supplies.

Answer 1

Answer: consists of two or more independent organizations that combine requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers.

Explanation:

Purchasing consortium is simply defined as an arrangement that involves collaboration which takes place between two or more organisations who join hands together in order to gain better prices and achieve terms which are favorable from their suppliers.

Purchasing consortium consists of two or more independent organizations that combine requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers.

It should be noted that it's not only used by public institutions, therefore option A is incorrect. Purchasing consortium helps speed up the purchasing process.