Fastenal, Industrial Supplies

Fastenal Company, the fastest growing full-line industrial distributor and the largest fastener distributor in the nation, is also one of Corporate United’s fastest growing agreements, and for good reason. From Q4 2006 to Q4 2007, the number of Corporate United members utilizing the agreement doubled; in the same time period, there was an 81 percent increase in spending through the agreement.

As in all Corporate United contracts, the Fastenal agreement contains leveraged pricing for Corporate United members, and each member on the agreement receives customer-specific core item list pricing. Fastenal’s philosophy of “Growth through Customer Service” shines in the contract; along with having national account status, every participating member has a local account management team. To help with each customer’s internal spend tracking, Fastenal consistently delivers detailed sales and usage reports that include information such as; net spend, usage by location, process cost savings and PC price savings.

One of Fastenal’s differentiators in the market is the company’s selection of vendor-managed inventory programs to reduce the total cost of ownership for MRO and OEM inventories. With more in-place management systems than any other industrial distributor, Fastenal’s programs are designed by a specialist for each individual customer to assure the most efficient service.

If your company needs to consolidate its industrial supplies spend or requires better individual, specialized account attention, consider contacting your Corporate United representative to discuss the Fastenal industrial supplies agreement.

Choctaw-Kaul, Safety Supplies

Corporate United’s agreement with Choctaw-Kaul, our best in class personal protective equipment manufacturer and distributor, is a noteworthy example of what leveraged buying can accomplish. Choctaw-Kaul, a professional provider of safety program administration, safety training and services, and crib management and facilities management services, is a Q1 and ISO 9002 certified manufacturer and distributor with ten distribution centers in the US, Canada and Mexico.

Initially signed in 2003 and renegotiated in 2006, the contract offers such highlights as:

• Tier One Diversity and Minority credit on all spend (a Native American-owned business)

• Cost-plus cap on non-contract items

• Rebates for participating members based on group spend

• Negotiated quick payment discounts

In negotiations with Corporate United, Choctaw-Kaul agreed to offer pricing on their full line of safety and related products that had previously been reserved for their Big Three Automotive customers. Because the company manufactures its own line of gloves, sleeves, apron and other protective clothing, their prices are the lowest in the industry.

As more members implement the Choctaw-Kaul agreement, the supplier becomes increasingly capable of customizing their inventory to meet the distinct needs of each customer. Request more information on the Choctaw-Kaul agreement from your Corporate United representative.