Corporate United Launches Office Products Sourcing Initiative; Three-Year Agreement to Begin Calendar Year 2007.CLEVELAND Cleveland, former county, England Cleveland, former county, NE England, created under the Local Government Act of 1972 (effective 1974). It was composed of the county boroughs of Hartlepool and Teeside and parts of the former counties of Durham and -- Corporate United, the world's leading group purchasing organization A group purchasing organization is an entity that leverages the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members. Many GPOs are funded by administrative fees that are actually paid by the vendors. , is preparing to place its office products contract up for bid. The sourcing effort just launched seeks a three-year agreement beginning in calendar year 2007. Corporate United members spend in excess of $100 million in this category. Corporate Vice President of Strategy Keven Gray said, "This will be the third time that this piece of business has been taken to market and the results have been outstanding. As it stands this contract is among the most competitively priced and service-intensive available anywhere." In addition to completing a thoroughly exhaustive sourcing process, Corporate United applies a combined total of more than 50 years of industry experience to actively manage the office products contract. This process has helped to ensure that the Corporate United catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. is current with the needs of its members, and those terms and conditions are strictly adhered to. Additionally, the "price creep" associated with typical market basket market basket n. 1. A grocery cart. 2. A group of products or services in a specific market, especially when considered in terms of its fluctuating cost in determining a consumer price index: bids will not impact the participants on the Corporate United contract. Gray added, "In the hundreds of cases in which our agreement has been analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. against other office products contracts, Corporate United has shown savings 97% of the time." One Corporate United member, Trustmark See TRUSTe. Mutual Holding Co., confirms such measurable savings. "Trustmark was interested in joining a buying consortium a few years ago and Corporate United was the perfect match; a growing, diverse membership with a broad variety of commodities contractually covered," said Ron Noun 1. Ron - a Chadic language spoken in northern Nigeria Bokkos, Daffo West Chadic - a group of Chadic languages spoken in northern Nigeria; Hausa in the most important member Watt, Trustmark second vice president, contract management. "The one-time membership fee was paid back more than five times in first year savings in office supplies Office supplies is the generic term that refers to all supplies regularly used in offices by businesses and other organizations, from private citizens to governments, who works with the collection, refinement, and output of information (colloquially referred to as "paper work"). alone. We've since expanded our relationship with Corporate United and repeatedly validated val·i·date tr.v. val·i·dat·ed, val·i·dat·ing, val·i·dates 1. To declare or make legally valid. 2. To mark with an indication of official sanction. 3. their group buying model; now we always look to them first when considering new sourcing endeavors in categories they cover." Leading organizations sourcing office products continue to join Corporate United to leverage the savings and knowledge provided through its group purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. . Just last quarter, 15 new members joined Corporate United, bringing its membership to more than 80 Global 2000 organizations. About Corporate United Since 1997, Corporate United has been assisting the world's largest and leading companies to realize the power of leverage and indirect spend savings on their bottom lines. Corporate United facilitates an unrivaled network, and provides the services and resource flexibility companies need to manage their enterprise spend requirements. CU provides more than 80 Global 2000 companies across every industry sector with sourcing and contract management solutions. For more information on how to take part in this office products contract project, please contact Corporate United at 440-895-0938. About Trustmark Trustmark Mutual Holding Co., through its subsidiaries, is licensed nationwide to offer a broad line of life, medical, managed care, dental, disability, critical illness and benefit administration products and services to groups and individuals. Trustmark has assets of more than $1.9 billion, and administers more than $3 billion in health and life benefits annually. Additional information can be found at www.trustmarkcompanies.com. |
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