Willow Grove, PA, June 26, 2019 --(PR.com
)-- Once again, Supply and Demand Chain Executive (SDCE) has honored Source One, a Corcentric company with a spot on its Top 100 Supply Chain Projects list. The annual list recognizes the consultants and practitioners behind the year’s most innovative procurement and spend management initiatives.
2019 marks the thirteenth year SDCE has included Source One on their list. This year, Source One is recognized for executing a successful Procurement Transformation
on behalf of a specialty logistics carrier.
Prior to engaging Source One’s logistics category managers
, the carrier had allowed stakeholders at the site level to select their own air freight suppliers. As a result, it historically failed to build strategic partnerships and leverage its combined spend for additional incentives. Facing increased competition in its niche, the provider was particularly eager to optimize its fragmented supplier network, reduce costs, and begin realizing soft cost benefits.
Employing a cutting-edge eSourcing tool, Source One quickly analyzed more than half a million rows of historical lane data, identified partners capable of providing highly-specialized services, and carried out the negotiations. Ultimately, Source One secured savings of 25% across the air freight category.
“While these savings results were impressive,” remarks Source One Director Jennifer Ulrich, “they tell less than half the story. At the end of this engagement, our Procurement Transformation team provided the client with a Contract Negotiations playbook. Offering a wealth of best practices, it should help them enter future negotiations with more confidence and build long-lasting, mutually beneficial partnerships for years to come.”
SDCE’s announcement comes mid-way through what has already proven an exciting year for Source One’s Procurement Transformation team. The recognized experts are currently publishing a five-part series focused on optimizing each of the function’s essential pillars. They have already shared their guides for talent management, process optimization, and reporting. Future installments of Building an Effective Procurement Organization
will address the technology landscape and the evolving nature of Procurement’s role.