Willow Grove, PA, July 24, 2018 --(PR.com
)-- The spend management experts at Source One, a Corcentric company, detail their flexible, on-demand Procurement support model in a new whitepaper. Enabling the Business with On-Demand Supply Chain Support
outlines the cost reduction firm’s Procurement Help Desk offering and provides a case study in its success.
The whitepaper covers a recent engagement with a large Medical Device Manufacturer who sought to reduce costs and boost supply chain efficiency by nearshoring their manufacturing operations. Like many organizations, the Medical Device Manufacturer was challenged to find resources capable of navigating multiple geographies and managing multiple projects across several categories simultaneously. Before approaching Source One, they hoped to accomplish this by hiring a single Procurement resource. They quickly realized the robust nature of the engagement would prove too much for a lone supply chain professional. After a series of conversations, Source One proposed a unique resource model flexibly structured to offer scalable Procurement and Sourcing support, known as the Procurement Help Desk
“Today’s highly strategic Procurement teams have a lot on their plate,” says Director Diego De la Garza. “They’re asked to perform a multi-functional role and provide hands-on support across the enterprise. With constant fluctuations in the demand for Procurement’s support, allocating resources effectively can be a major challenge. Our Procurement Help Desk model eliminates inefficiencies by providing on-demand access to our team of purchasing consultants, database of market intelligence, and proprietary sourcing tools. The comprehensive engagement described in our new whitepaper is evidence of the model’s flexibility and efficacy.”
Historically, Procurement has turned to third-party Business Process Outsourcing firms to help boost its capacity. The strategic nature of Procurement’s workload, however, means that outsourcing is often a poor fit. Hiring full-time resources to meet spikes in demand is similarly inefficient. Source One introduced its on-demand Procurement Help Desk to provide a more flexible alternative to these common solutions.
The nearshoring engagement Source One describes quickly evolved into a sweeping spend optimization initiative. Over more than two years, Source One and the Medical Device Manufacturer collaborated on over a dozen strategic initiatives across numerous commodity groups and geographies. In addition to thousands in cost savings, the engagement provided the client with optimized Procurement processes and improved spend visibility. Both should inspire more informed supply chain decisions moving forward.
Enabling the Business with On-Demand Supply Chain Support follows the release of Source One’s new eBook exploring Procurement Transformation. The spend optimization team also shares their insights every day on their blog, The Strategic Sourceror.
About Source One, a Corcentric Company
Source One is a premier procurement services provider and strategic sourcing consulting firm. Since 1992, our team of spend management experts has supported best-in-class organizations in optimizing their procurement and sourcing capabilities and achieving more value from their supplier relationships. We serve as an expansion of clients’ existing teams, saving them time and resources by applying our experience, tools, cross-industry best practices, and customized solutions. To learn more about Source One, a Corcentric company, visit us online at: https://www.sourceoneinc.com/corcentric-acquires-source-one.