Case Study: Meineke Dealers Purchasing Cooperative boosts buying power with Corcentric Managed AR

MDPCI increases buying power with Corcentric Managed AR as 240 locations enroll

Meineke Dealers Purchasing Cooperative, Inc. (MDPCI), a cooperative serving a network of Meineke car care centers, faced the challenge of operating as a decentralized unit. This prevented them from leveraging their full buying power to secure better group pricing and favorable payment terms from vendors, as each franchise was billed separately. To overcome this, MDPCI engaged vendor Corcentric and implemented its Managed AR solution.

Corcentric's Managed AR solution centralized procurement and billing through the MDPCI Transact platform. This allowed vendors to bill Corcentric directly, with Corcentric guaranteeing payment and then handling collections from individual franchises. The solution eliminated bad debt for vendors and provided dealers with better pricing, convincing even skeptical franchise owners to enroll. As a result, MDPCI significantly increased its buying power, with 240 locations enrolled and more joining monthly. Corcentric's implementation also included extending payment terms to better suit dealers' needs.

Meineke Dealers Purchasing Cooperative, Inc. (mdpci)