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Categories & Services

CoVest has built a series of indirect categories, organized into four platforms, comprised for companies that: (a) benefit from additional leverage beyond an individual company’s volume and (b) have specifications that are reasonably common among companies.  Each platform has multiple categories in which we maintain contracts, conduct sourcing exercises and choose the ideal suppliers for our members.


Office Supplies & Services

The Office Supplies & Services Platform offers services to companies in need of tailored solutions—from facilities and office supplies to print and promotional items. CoVest offers contracts for the following categories—provided by the industry leaders in their respective areas:

  • Office Supplies - Staples

    A recognized global leader in office products, Staples serves businesses throughout North and South America, Europe, Asia and Australia—with annual sales over $23 Billion. Staples’ dedication to their customers has led them to create and grow solutions for many product lines outside office products.  Their Facilities Products, Promotional Items, Furniture and IT business lines have expanded to industry leading companies in their own right.

    CoVest’s Staples contract encompasses not only office supplies but also includes leveraged pricing on all Staples lines of business.  We take a whole spend approach to our office supplies category with low fixed pricing on high volume items and an aggressive pricing model for infrequent purchases.

    Deal Structure:

    • Access to CoVest Group Core List with fixed pricing on thousands of items
    • Unique Member Core List tailored to each company’s unique purchasing requirements
    • Aggressive non-core pricing for all items outside core lists
    • Staples Advantage site designed specifically for each member with the ability to integrate with your systems including user-level controls such as blocking items and substitutions
    • Direct relationship with Staples including a Strategic Account Leader assigned to oversee the implementation and ongoing administration of your program
    • Integrated management of manufacturer level discounts such as HP Supplies Big Deal
    • Specialized reporting capabilities through individual account management

    Visit the CoVest Staples Advantage Website
    Download Supplier Overview

    Contact Us
  • Furniture - Business Interiors by Staples

    Business Interiors by Staples is the largest commercial furniture dealer in North America. With more than 250 manufacturers and 180 locations, the company employs a dedicated staff of professional project managers and designers and provides a single point-of-contact to help with your commercial furniture needs.

    Deal Structure:

    • Highly competitive prices for transactional furniture such as chairs, desks and filing cabinets
    • Advantaged pricing on custom furniture systems
    • Complete services and product offerings—from needs assessment to design and project management
    • ePurchasing platform for standards management, ordering and up-to-date pricing

    Visit the CoVest Staples Advantage Website
    Download Supplier Overview

    Contact Us
  • Print - Staples Print Solutions

    One of the nation’s largest providers of commercial print needs, Staples Print Solutions has 18 manufacturing facilities to provide a broad range of print products including forms, labels, flexible packaging, annual reports, brochures, flyers, calendars, posters and signage.

    Deal Structure:

    • Competitive cost-plus based pricing structure for custom printing
    • Discounted pricing on basic and advanced printing
    • Services including pre-media, on-line proofing, kitting, fulfillment and direct mail
    • Advanced technology for ordering and storing digital copies for each member’s print asset library

    Visit the CoVest Staples Advantage Website
    Download Supplier Overview

    Contact Us
  • Promotional Items & Recognition Programs - Staples Promotional Products

    Staples Promotional Products is the industry leader in promotional items as well as incentive and recognition programs—providing a full range of products, programs and technology solutions for leading global organizations.

    Deal Structure:

    • Highly competitive, margin-based pricing on a volume-tiered basis for catalog, special order and promotional items
    • Ability to supply items at the lowest cost through sophisticated global sourcing approaches and strong volume leverage
    • Customized eStore on-line catalog ordering for pre-decorated in-stock items
    • Full range of custom and special order services including product ideation, sourcing, artwork, brand identity management and logistics management
    • Technology supported programs for employees, channel partners and customers for:
      • Sales incentives
      • Recognition (peer-to-peer, manager-to-peer or other nominations)
      • Service anniversary or milestone achievement programs
      • Loyalty
      • Instant recognition

      Visit the CoVest Staples Advantage Website

    Contact Us
  • Conferencing Services - Level 3

    Serving close to half of all Fortune 500 companies, Level 3 is a leader in the conferencing and communications industry—providing advanced technology that companies need to efficiently run their business. Additionally, Level3 provides a full range services including audio conferencing, web conferencing, video conferencing and web streaming.

    Deal Structure:

    • Highly competitive, per-minute list pricing on all conferencing types and features including:
      • Voice conferencing—hosted or on-demand
      • Domestic and country-level international rates
      • Web and video conferencing pricing
    • Access to Level 3’s proprietary web platform and the WebEx platform
    • Interactive, online training and technical support

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  • Office Equipment - Konica Minolta Business Systems

    Konica Minolta Business Systems (KMBS) is a leading global imaging and sensing company with more than 36,000 employees worldwide and operations in nearly all countries around the globe.

    Deal Structure:

    • Highly advantaged, best-in-class pricing on all KMBS models in addition to low per-copy costs for the entire range of KMBS machines
    • A member price book provides pricing for all current models and options
    • Purchase and leasing programs available
    • An account manager directly oversees implementation, handles business reviews and services issues throughout the life of the machine
    • Programs available globally at pricing equivalent to the United States price book

    Download Supplier Overview

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  • Facilities & Janitorial Supplies - Staples Facility Solutions

    Staples Facilities Solutions is a leading provider of janitorial products and services with a staff of 160 janitorial experts and a combined average of more than 15 years of janitorial and facility experience. The company also provides on-site support for local and national programs  from their in-house staff of knowledgeable  chemists and product engineers.

    Deal Structure:

    • Provides best-in-class pricing for janitorial products
    • Conduct no-cost opportunity assessment to validate price, process and standardization opportunities
    • Design and implement programs customized to member companies including:
      • Product requirements
      • Program communications
      • Training
    • Implement mobile and web-based systems for ordering and spending management
    • Provide reporting and analysis to monitor compliance, costs by location, square footage and surface type

    Visit the CoVest Staples Advantage Website
    Download Supplier Overview

    Contact Us
  • Computer Peripherals - Staples Technology Solutions

    Staples Technology Solutions is one of the nation’s leading distributors of technology supplies & services in the U.S. with 37 locations across the nation, offering a full range of desktop technology offerings including printers, monitors, projectors, memory cards, keyboards, mice and web cams.

    Deal Structure:

    • Pricing tailored to each member’s unique requirements
    • StaplesLink ordering site designed specifically for each member
    • Strategic account manager assigned to implement the ordering system and fulfill member needs
    • User-level controls such as blocking items, ordering minimums and automatic delivery locations
    • Recommendations and assistance with item substitution and standardization to drive savings

    Visit the CoVest Staples Advantage Website
    Download Supplier Overview

    Contact Us

HR & Benefits

The Human Resources and Benefits Platform offers companies tailored solutions for temporary labor, pharmacy benefits and recognition programs. CoVest offers contracts for the following categories, provided by the industry leaders in their respective areas.

  • Staffing Provider - Kelly Services

    A global leader in the temporary staffing industry, Kelly Services offers world-class staffing capabilities for temporary, temporary-to-hire, payroll and direct-hire member needs. With more than 1,550 staffing offices in North America, the company provides employment to more than 530,000 employees annually.

    Deal Structure:

    • Highly advantaged mark-up rates
    • Industry-leading services to manage base rates and ensure that the position is filled with the appropriate skill-level resource
    • Kelly proprietary systems or affiliate VMS systems to aid in managing a company’s temporary work force
    • On-site account management
    • A broad set of reports and analyses, provided on a quarterly basis, to help manage cost, turnover, service delivery, quality and productivity.

    Download Supplier Overview

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  • Pharmacy Benefits Management

    CoVest has partnered with Employers Health, a leading pharmacy benefits management (PBM) company, to bring our members the best in PBM savings. For over 30 years, Employers Health has been helping employers provide access to high quality health care benefits at a sustainable low cost. They offer Covest members the benefits of a long-standing relationship with CVS Caremark, a recognizable leader in providing pharmacy benefits.

    Deal Structure:

    • Centralized contracting process with CVS Caremark
    • Annual market checks that ensure aggressive financial performance
    • A dedicated Account Management team who are readily available
    • Annual contract benchmarking
    • All contractual obligations and legal aspects of vendor contracting are covered by legal experts

    Download Supplier Overview

    Contact Us
  • Promotional Items & Recognition Programs - Staples Promotional Products

    Staples Promotional Products is the industry leader in promotional items as well as incentive and recognition programs—providing a full range of products, programs and technology solutions for leading global organizations.

    Deal Structure:

    • Highly competitive, margin-based pricing on a volume-tiered basis for catalog, special order and promotional items
    • Ability to supply items at the lowest cost through sophisticated global sourcing approaches and strong volume leverage
    • Customized eStore on-line catalog ordering for pre-decorated in-stock items
    • Full range of custom and special order services including product ideation, sourcing, artwork, brand identity management and logistics management
    • Technology supported programs for employees, channel partners and customers for:
      • Sales incentives
      • Recognition (peer-to-peer, manager-to-peer or other nominations)
      • Service anniversary or milestone achievement programs
      • Loyalty
      • Instant recognition

      Visit the CoVest Staples Advantage Website

    Contact Us
  • Flowers & Gifts - Provide-Commerce

    Pro Flowers

    Provide-Commerce offers a variety of flowers and gift options from ProFlowers, red Envelope, personal creations.com, Cherry Moon Farms and Sharis’ Berries.  Since their launch in 1998, ProFlowers has become the largest domestic grower-direct flower provider on the Internet.

    Deal Structure:

    • Each member website is accessed through links designed specifically for CoVest, which imbeds the member discount into the site ordering system once accessed
    • Discounts on purchases applied with other discounts offered on the website or other promotions
    • CoVest member employees also receive the discounts for their personal purchases
    • Specific item discounts are created on a periodic basis
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MRO & Packaging

The MRO (Maintenance, Repair and Operations) and Packaging Platform offers tailored solutions including national coverage, account management, central reporting and superior total cost of ownership savings for a wide array of categories—provided by some of the industry leaders in their respective areas.

  • Industrial Supplies

    W.W. Grainger, Inc. (Grainger) is the largest North American distributor of maintenance, repair and operations (MRO) supplies and other related products and services with $9 billion in annual revenue. Used by businesses and institutions primarily in the United States and Canada, the company is the 15th largest eCommerce retailer providing more than one million top brand products

    Deal Structure:

    • Highly competitive prices for member-common items and frequently purchased member-specific items
    • Best-in-class discounts for all other online purchases
    • Next day free delivery from 15 distribution centers and 368 branches
    • Access to Grainger Business Consulting services at no additional cost to identify process, inventory and sku rationalization opportunities
    • Full range of value added services (VMI, inventory solutions, dispensing solutions, eCatalog)
    • KeepStock® program for inventory management solutions

    Download Supplier Overview

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  • Industrial Supplies, Tools and Metalworking

    MSC Industrial Direct Co., Inc., or MSC, distributes a wide range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States—offering approximately 600,000 stock-keeping units (SKUs) via master catalogs, brochures, specialty and promotional catalogs and websites including mscdirect.com, mscmetalworking.com and use-enco.com

    Deal Structure:

    • Industry-leading prices for member common items and frequently purchased member-specific items
    • Approximately 99% in-stock availability
    • Next-day, free standard delivery in the contiguous United States on qualifying orders

    Download Supplier Overview

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  • Bearings & Power Transmission - Motion Industries

    Motion Industries

    Motion Industries serves the industrial marketplace with maintenance, repair, and operations (MRO) replacement parts and services through a network of 549 locations across North America. CoVest members have access to more than 4.3 million parts from the company’s extensive line of authorized brands within bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial supplies and material handling.

    Deal Structure

    • Best-in-class competitive pricing for member common items and high volume member specific items
    • More than 1,000 technically trained sales representatives make on-site service calls daily to provide solutions for customers’ parts and service requirements
    • More than 165 dedicated product specialists and a technical support center supplementing the company’s service offerings

    Download Supplier Overview

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  • Facilities & Janitorial Supplies - Staples Facility Solutions

    Staples Facilities Solutions is a leading provider of janitorial products and services with a staff of 160 janitorial experts and a combined average of more than 15 years of janitorial and facility experience. The company also provides on-site support for local and national programs  from their in-house staff of knowledgeable  chemists and product engineers.

    Deal Structure:

    • Provides best-in-class pricing for janitorial products
    • Conduct no-cost opportunity assessment to validate price, process and standardization opportunities
    • Design and implement programs customized to member companies including:
      • Product requirements
      • Program communications
      • Training
    • Implement mobile and web-based systems for ordering and spending management
    • Provide reporting and analysis to monitor compliance, costs by location, square footage and surface type

    Visit the CoVest Staples Advantage Website
    Download Supplier Overview

    Contact Us
  • Electrical Supplies - WESCO

    WESCO Distribution is a leader in industrial supply with an extensive offering of electrical, data communications, general maintenance, repair, and operating and electrical OEM products. WESCO’s network of branches delivers industrial supply products fast, and their vast catalog of supplier partners enables WESCO to be your one-stop shop for electrical products.

    Deal Structure:
    • World-class eCommerce site and centralized Global Account Management through Wesco Express supported by industry leading implementation team
    • Pricing developed at a member level for all members—with entire member group volume driving lower pricing
    • Highly competitive mark-up rates for non-market basket items
    • Free shipping for standard orders

    Download Supplier Overview

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  • Laboratory Supplies - Fisher Scientific

    A world leader in serving the scientific industry, Thermo Fisher Scientific Inc. helps solve analytical challenges from routine testing to complex research and discovery. Serving more than 350,000 customers through two premier brands—Thermo Scientific and Fisher Scientific—the company has more than 30,000 employees with annual revenues of $10 billon earned within pharmaceutical and biotech, hospitals and clinical diagnostic labs, universities, research institutions and government agencies.

    Deal Structure:

    • Offer a complete range of high-end analytical instruments as well as laboratory equipment, safety supplies, software, services, consumables and reagents to enable integrated laboratory workflow solutions
    • Provide a complete portfolio of laboratory equipment, chemicals, supplies and services
    • Annually reviewed prices are developed based on member specific demand

    Download Supplier Overview

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  • Lubricants - Petro-Canada

    As a Suncor Energy business, Petro-Canada produces some of the purest base oils in the world. With more than 350 premium quality lubricants, specialty fluids and greases, Petro-Canada is also the world’s largest producer of pharmaceutical white oils.

    Deal Structure:

    • Member level list that is a combination of the high-volume pricing applicable for all members and member-specific purchases priced individually
    • Aggressive discounts on all other items
    • Pricing updated on an annual basis
    • Robust implementation plan including site visit to all major spend locations within 30 days

    Download Supplier Overview

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Travel

The Travel platform offers aggregation potential, analytical tools and compliance tracking. These benefits are enhanced by the partnership CoVest has obtained with Hertz.

  • Car Rental - Hertz

    Operating the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and licensee locations throughout approximately 150 countries, the Hertz Corporation is one of the largest worldwide airport general use vehicle rental companies. Product and service initiatives such as Hertz Gold Plus Rewards, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Green and Prestige Collections set Hertz apart from the competition.

    The Hertz corporation has introduced, Hertz Ultimate Choice™ which lets you decide what to drive. Now available at select airport locations, it’s the convenient way to find exactly the car you want and get going. The Ultimate choice is available to all Hertz customers.

    Deal Structure:

    • Competitive daily rate with limited surcharge cities
    • Unlimited mileage with loss damage waiver and liability insurance supplement included
    • No blackout dates and low refueling charge
    • Status matching and dedicated implementation team

    For more information about The Hertz Corporation, visit: www.hertz.com.

    Contact Us

Additional Services

In addition to our wide array of indirect materials and services category offerings, CoVest also offers the following additional procurement services—distinctly unique to CoVest.

  • CoVest DirectSource Services

    Our DirectSource service allows multiple member companies to combine their spend in a collaborative sourcing process. The sourcing activity is funded either through the CoVest supplier rebate model,  not requiring any upfront cost on the part of our members; or on a shared fee basis among participating members.

    DirectSource helps your company:

    • Leverage the combined spend of multiple members for favorable pricing
    • Avoid the time and effort to source the category internally
    • Participate in a sourcing approach that utilizes leading strategic sourcing processes and technology yielding optimal results

    DirectSource can be applied to any set of our members’ categories—direct or indirect—that have:

    • Some consistency of product or service requirements across the companies
    • Common product/service set of potential suppliers
    • Low degree of competitive sensitivity associated with the category among participating members

    Through a seven-step strategic sourcing process, members participate in milestone reviews such as RFP review, negotiations strategies and supplier selection. CoVest then develops a ‘frame agreement’ with the selected supplier or suppliers. Members develop a separate agreement with the supplier(s), which incorporates the frame agreement and covers special terms and conditions applicable to them.

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  • Procurement Consulting Services - Addressing a broad range of member procurement needs

    CoVest, along with our strategic partner A.T. Kearney Procurement & Analytic Solutions (ATKPAS), provides our members with access to a wide array of consulting capabilities to address a broad range of procurement needs including:

    For category strategic sourcing our highly-experienced procurement professionals utilize a proven seven-step, state-of-the-art strategic sourcing process which includes:

    • Easy access to category subject matter experts
    • Advanced analytic techniques
    • Electronic and web-based RFIs/RFPs
    • Expressive bidding
    • Reverse auctions
    • Advance negotiation techniques

    Additional consulting services address a full range of procurement needs:

    • Spend cube development
    • Strategic sourcing and negotiations training
    • Total cost of ownership assessments
    • Compliance tracking
    • Procurement organization and process transformation
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