Method, apparatus, and computer program product for providing a virtual aggregation group

Abstract

Some examples provide systems, methods, apparatus, and computer program products for providing virtual aggregation groups using a market platform. An example method may include establishing, using a market platform, a virtual aggregation group comprising at least two members. The method may also include generating a committed pricing agreement between the virtual aggregation group and at least one supplier. The committed pricing agreement may include compliance terms that determine at least one price parameter for a product purchase by the at least two members of the virtual aggregation group from the supplier based on a market commitment of the virtual aggregation group. The method may further include monitoring spending of the members of the virtual aggregation group, determining, using the monitored spending, whether the virtual aggregation group has met the market commitment, and notifying the supplier or the members of the virtual aggregation group of whether the virtual aggregation group has met the market commitment.