Patrick Russo

Recent Posts

What is CoVest Looking for in a Member?

Posted by Patrick Russo on Feb 11, 2015 11:12:14 AM

With Valentine's Day upon us we thought we'd share with you what we, the CoVest Sourcing Network, is looking for in a member. 
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What You Need to Know About Core List Development and Rewrites

Posted by Patrick Russo on Jan 28, 2015 10:10:19 AM

Core list and rewrites are a major aspect of sourcing indirect spend. Some would even say that this is the main place to optimize savings year after year. Eager to learn more? Read on to find out everything you need to know about core list development and rewrites. 

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Managing Indirect Spend Options, the Advantages and Disadvantages

Posted by Patrick Russo on Jan 6, 2015 2:30:29 PM

It's the start of a new year, which means out with the old and in with the new. Why not bring that mentality to the way you manage your indirect spend? CoVest Souring Network is here to walk you through your options. 
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Leverage: A GPO Member Perspective

Posted by Patrick Russo on Oct 20, 2014 3:17:00 PM

Leverage within a group purchasing organization (GPO) is meant to benefit all parties, but how exactly is it effecting the members? Members gain from GPO leverage and here's why: 

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CoVest's 2014 Member Meeting Recap

Posted by Patrick Russo on Oct 14, 2014 10:13:00 AM

Last week, CoVest had its fourth annual member meeting. We were thrilled to host this years meeting in our hometown of Cleveland, Ohio. Other than treating our members to the wonders of Cleveland, the meeting covered a wide range of subjects, ranging from CoVest updates to new supplier advances.

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Leverage: A GPO Supplier Perspective

Posted by Patrick Russo on Oct 6, 2014 10:38:00 AM

As a verb, to leverage means to gain an advantage through the use of a tool. For example, you can more easily lift a heavy object with a lever than you can lift it unaided. That is what is happening in a group purchasing organization (GPO). A company, that uses a GPO as a tool, can be seen as part of a bigger organization and thus gain better pricings, service and terms than it could have on its own.

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Global Manufacturers Broad Indirect Focus - A CoVest Case Study

Posted by Patrick Russo on Sep 29, 2014 1:07:00 PM

Mission: Build a new member's first company-wide category contract. 

The new member is moving from a facility level sourcing focus to a centralized category management approach. They are aiming to decrease the many suppliers they have for each sub-category. 

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Key Characteristics to Group Purchasing Organizations

Posted by Patrick Russo on Apr 23, 2014 1:17:00 PM

Understanding the basic classification and principals of Group Purchasing Organizations is your first step in evaluating if one can provide value for your organization.
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CoVest Member, PlayhouseSquare, Transforming a Neighborhood

Posted by Patrick Russo on Apr 14, 2014 1:52:00 PM

CoVest Member, PlayhouseSquare, is Transforming Euclid Avenue and 14th Street in Downtown Cleveland with the World's Largest Outdoor Chandelier.

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CoVest Suppliers Receive Award for Placement on the Global 100 Sustainability List

Posted by Patrick Russo on Jan 23, 2014 10:26:00 AM

CoVest Sourcing Network congratulates Suncor/Petro-Canada and Staples Inc. for there achievement in being among the top 100 Global companies corporate sustainability and social responsibility.

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