Syndicated procurement is a procurement method whereby a syndicate manager groups together multiple concurrent orders from multiple buyers with intent to reduce the purchase price or facilitate delivery. Similar terms in use are "aggregation" and "collective buying".[1]
Example: Five distinct government agencies each require 2,000 new ergonomic office chairs. For an order of 2,000 units, the chair manufacturer is willing to sell at $100 each. Hence, if procuring independently, each government agency will pay $100 per chair. However, for an order of 10,000 chairs, the manufacturer is willing to reduce the price to $70 per unit. The five agencies can therefore pool their demand in order to lower the price by 30%.
Note that the buyers will change nothing in their order, except that they procure in concert, through a syndicate manager.