CLEVELAND - Corporate United, the nation's leading group purchasing organization, announces that it has entered into a new 4-year agreement with Fastenal Company for industrial supplies.
Corporate United's decision to build on its existing relationship with Fastenal was based upon several factors including, positive feedback from its members, market data benchmarking contract competitiveness and Fastenal's market leading solutions to deliver total cost reductions.
Corporate United's Fastenal agreement includes the following features and benefits:
* Defined core list of products based upon member usage
* Competitive non-core list pricing
* Improved Corporate United group rebate incentive
* No shipping charges
* Pre-determined continuous improvement requirements
* Greater visibility into alternate items
Additional Agreement Benefits for Members
Corporate United coordinates the implementation process between the members and Fastenal to ensure pricing, adherence to terms and conditions, service level accuracy and savings. In addition, Corporate United works with Fastenal to conduct business reviews, deliver customized reports, drive continuous improvements and facilitate productive communication between all parties.
"We are confident that our decision to move forward with Fastenal is the right choice for our members," says Corporate United president, Marc Rosen. "The agreement enhancements, combined with significant growth in annual spend through this contract, point to a positive relationship that will continue to drive value for all participants."