Source One and ThomasNet are proud to announce Purchasing Tools.
May 4th, 2008, St. Louis, MO. ThomasNet.com, the online leading supplier directory, and Source One Management Services, LLC, the leading procurement service provider, debut the release of Purchasing Tools at the Institute of Supply Management Annual Conference.
Source One is the exclusive strategic sourcing and procurement tools partner to ThomasNet.com. As the leading Procurement Service Provider, Source One has been providing on-demand resources to help companies realize rapid and sustainable savings in over 100 categories of spend. Through a highly collaborative process, Source One provides end-to-end strategic sourcing (everything from defining the specification/requirement and negotiating and implementing the supplier contract to handling of ongoing category management). Our clients tend to be forward thinking best in class companies.
Strategic sourcing engagements may include spend analysis, spend management, assistance with statements of work, identification of alternate suppliers, market and supply research, RFP management, price and terms negotiations, contract recommendations, project management and implementation. Source One also provides multiple free procurement tools, including RFX and Reverse Auctions through leading websites such as ThomasNet.com. In order to best service their clients, Source One provides flexible fee options for their consulting services. Clients can choose between contingency (gain sharing) based, fee for service or a hybrid. For more information, call us at 215-902-0200.
Why Give Away These Tools?
The Source One Procurement Tools, with functionality for RFPs, reverse auctions, and contract management are free to use by the general public, whether or not they are clients of Source One. Steven Belli, CEO of Source One, distinguishes between what the tools can accomplish as opposed to the outcomes that the Source One experts can achieve. "Our tools help sourcing professionals to be more efficient while our services and expertise help sourcing professionals to be more effective. I like to compare it to using other tools - using a hammer and saw doesn't make you a carpenter."
At Source One, we recognize that most companies have capable procurement teams that are always looking for ways to reduce costs and increase their efficiencies through best practices, improved supplier relationships and technology. Internally, Source One seeks the same goals. The sourcing tools were originally developed to support our clients and staff. After a while, we realized that there was marginal incremental cost in rolling out the tools for free to the global marketplace. The benefit to us is that it keeps Source One positioned as the market leader. The benefit to you are tools that you can try without any financial investment. Enjoy!
