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CoreTrust Purchasing Group

CoreTrust Purchasing Group

Group purchasing organization for procurement solutions

About

CoreTrust is a group purchasing organization that helps various clients, including private equity portfolio companies, mid-sized corporations, and public institutions, with their procurement needs. The organization uses its collective buying power to negotiate competitive contracts, which helps its members save money and improve profitability. CoreTrust serves over 3,000 members by simplifying the procurement process and ensuring that suppliers have a committed volume of business. What sets CoreTrust apart from its competitors is its focus on providing value beyond just cost savings, offering concierge-level service and tailored solutions to meet the specific needs of its clients. The main goal of CoreTrust is to enhance the efficiency of procurement for its members while delivering high-quality service and solutions.

Company Stage

N/A

Employees

51-200

Industries

Consulting, Financial Services

Total Funding

N/A

Headquarters

N/A

Founded

2006


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Simplify's Take

What believers are saying

  • The new CEO, Mahesh Shah, could bring transformative leadership and strategic direction to CoreTrust.
  • Webinars and educational initiatives, like the one with Supply Chain Brain, demonstrate CoreTrust's commitment to thought leadership and industry education.
  • Partnerships with entities like the 32BJ Health Fund can lead to expanded market reach and enhanced service offerings.

What critics are saying

  • Leadership changes, such as the appointment of a new CEO, can lead to strategic shifts that may cause uncertainty among employees.
  • The competitive landscape of GPOs requires CoreTrust to continuously innovate to maintain its market position.

What makes CoreTrust Purchasing Group unique

  • CoreTrust's focus on commercial group purchasing sets it apart from other GPOs that may serve a broader range of sectors.
  • The recent appointment of Mahesh Shah as CEO brings fresh leadership, potentially driving innovative strategies and growth.
  • Partnerships with organizations like the 32BJ Health Fund highlight CoreTrust's ability to deliver significant cost savings in specialized areas such as prescription drugs.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

25%

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