{"id":2710,"date":"2009-08-18T15:50:00","date_gmt":"2009-08-18T15:50:00","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/2009\/08\/18\/gpo-corporate-united-is-one-of-the-fastest-growing-privately-held-companies-again\/"},"modified":"2021-07-19T05:11:19","modified_gmt":"2021-07-19T09:11:19","slug":"gpo-corporate-united-is-one-of-the-fastest-growing-privately-held-companies-again","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/gpo-corporate-united-is-one-of-the-fastest-growing-privately-held-companies-again\/","title":{"rendered":"GPO Corporate United Is One Of The Fastest Growing Privately-Held Companies (Again)"},"content":{"rendered":"<p>I just got word that Corporate United, a sponsor of the Purchasing Certification Blog and leading group purchasing organization, has once again made it to the Inc. 5000 \u2013 an annual list of the fastest-growing privately-held companies in the country as compiled by Inc. magazine. Criteria for inclusion includes a leading growth rate and minimum revenues in both 2005 and 2008.<\/p>\n<p>Don\u2019t miss updates on Procurement &amp; Supply Chain, Subscribe here!<\/p>\n<p>The company checked in at #2998 on the list with a 92.3% growth rate over four years. Last year, Corporate United claimed the #3255 slot, indicating sustained and improving growth.<\/p>\n<p>After receiving their press release, I asked Corporate United some questions on how the rough economy of late has impacted their growth and why a procurement executive should care that they\u2019ve grown the way they have. They responded with the following, which I thought was worth passing along:<\/p>\n<blockquote><p>\u201cIn a day and age when economic conditions are placing financial hardships on<br \/>\nU.S. companies, many businesses are experiencing unprecedented declines in<br \/>\nsales. As a result of these significant changes, across-the-board reductions in<br \/>\nstaff have become the norm, which forces organizations to be more creative than<br \/>\never before to perform to their expected standards. With the top line stagnant<br \/>\n(or in reverse), bottom line impact is more important than ever. Prevailing<br \/>\nconditions are forcing procurement professionals to make that impact while being<br \/>\nhandicapped by reduced volumes and increased resource constraints. By being<br \/>\ntasked to do more with less and with greater pressure to save money, procurement<br \/>\nmust find ways to increase efficiencies.<\/p>\n<p>\u201cAs the nation\u2019s largest GPO,<br \/>\nwe are uniquely positioned to address these concerns and serve our members by<br \/>\ndelivering an unrivaled speed-to-savings advantage without placing additional<br \/>\ndemands on their limited resources.<\/p>\n<p>\u201cWhile most businesses are going to<br \/>\nmarket with reduced volumes, our leverage is stronger than ever so we are able<br \/>\nto provide our members with the purchasing power they need to weather the storm.<br \/>\nWith more than 150 member companies, a combined revenue totaling more than $450<br \/>\nbillion and an active base of over 1.5 million employees, Corporate United is<br \/>\nthe world\u2019s largest virtual organization.\u201d<\/p><\/blockquote>\n<p>Congratulations to Corporate United and their members!<\/p>\n<p>While I confess to not scouring the Inc. list to find other procurement-related companies, I did notice that Iasta also returned to the list in the 967th slot with a growth rate of 316.5% over four years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I just got word that Corporate United, a sponsor of [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":3998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - 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