The National Council of Young Israel (NCYI) today announced a new cost-cutting initiative for its branch synagogues. By virtue of its partnership with Fairway GPO, a Group Purchasing Organization (GPO) with over $45 billion in total membership purchasing volume, the National Council of Young Israel is presenting its branch synagogues with an opportunity to save money through group purchasing.
Unlike many other GPO’s in the industry that require a member to commit to certain minimum purchasing requirements or charge annual membership fees, Fairway has no minimums or commitments, no fees of any kind, and you are not locked into any contracts. They have negotiated some of the best contracts in the country with vendors that many Young Israel synagogues most likely already use, including Staples, FedEx, and various paper goods companies.
By partnering with the NCYI and Fairway, the only thing that will change for synagogues is the pricing that they receive from vendors. Synagogues will continue to purchase goods and services in the same manner in which they currently do, only now with lower pricing. This new program can save synagogues close to 45% on their purchasing costs.
“Using collective bargaining power is an easy way for synagogues to save money through deeply reduced pricing with participating vendors,” said Ari Matityahu, NCYI Assistant Director of Synagogue Services. “We are confident that this partnership will provide all of our synagogues with significant savings that will have a direct positive result on their bottom line.”
For more information about the National Council of Young Israel’s group purchasing program, contact the NCYI Department of Synagogue Services at (212) 929-1525 x103 or via email at amatityahu@youngisrael.org.
