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 – 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.

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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.

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’ve grown the way they have. They responded with the following, which I thought was worth passing along:

“In a day and age when economic conditions are placing financial hardships on
U.S. companies, many businesses are experiencing unprecedented declines in
sales. As a result of these significant changes, across-the-board reductions in
staff have become the norm, which forces organizations to be more creative than
ever before to perform to their expected standards. With the top line stagnant
(or in reverse), bottom line impact is more important than ever. Prevailing
conditions are forcing procurement professionals to make that impact while being
handicapped by reduced volumes and increased resource constraints. By being
tasked to do more with less and with greater pressure to save money, procurement
must find ways to increase efficiencies.

“As the nation’s largest GPO,
we are uniquely positioned to address these concerns and serve our members by
delivering an unrivaled speed-to-savings advantage without placing additional
demands on their limited resources.

“While most businesses are going to
market with reduced volumes, our leverage is stronger than ever so we are able
to provide our members with the purchasing power they need to weather the storm.
With more than 150 member companies, a combined revenue totaling more than $450
billion and an active base of over 1.5 million employees, Corporate United is
the world’s largest virtual organization.”

Congratulations to Corporate United and their members!

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.

To Your Career,
Charles Dominick, SPSM
President & Chief Procurement Officer
Next Level Purchasing, Inc.
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Charles Dominick, SPSM, SPSM2, SPSM3

Charles Dominick, SPSM, SPSM2, SPSM3 is an internationally-recognized business expert, legendary procurement thought leader, award-winning entrepreneur, and provocative blogger. Charles founded the Next Level Purchasing Association in 2000, oversaw its incredible growth, and successfully led the organization to its acquisition by the Certitrek Group in 2016. He continues to blog and provide advisory services for the NLPA on a part-time basis as he incubates his upcoming business innovations. Charles is also the co-author of the wildly popular, groundbreaking book, "The Procurement Game Plan: Winning Strategies & Techniques For Supply Management Professionals."

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