Source One Delivers "Great Supply Chain Products" in 2012, says Supply and Demand Chain Executive
For the seventh consecutive year, Supply & Demand Chain Executive 100, a leading business magazine, has again honored Source One Management Services, LLC to its Executive 100 list.
This year, Source One was included in the list of “100 Great Supply Chain Products” for its groundbreaking results in helping an academic medical center sustain profitability during a difficult transition period.
Willow Grove, PA – May 2, 2012:
Supply And Demand Chain Executive honors Source One Management Services, LLC and other supply chain solution providers that lead clients toward supply chain excellence. Source One is proud to be recognized for the seventh consecutive year for one of their many successful supply chain transformation projects.
The Supply and Demand Chain Executive 100 spotlights successful and innovative transformation projects that deliver bottom-line value to small, medium and large enterprises across the range of supply chain functions that this industry’s professionals face today. The supply chain projects featured in this awards program can serve as a roadmap for new opportunities to drive operation improvements. The project submissions were evaluated based on the ambitiousness of the project, creative application of technologies and solutions, and the extent of the business results and impact.
“Source One is honored to be recognized again by one of the top industry publications for our unique supply chain solutions that optimize our clients’ internal processes and allow them to sustain profitability,” said William Dorn, Vice President of Operations at Source One Management Services, LLC.
Source One’s Vice President of Professional Services, Joe Payne, was also recognized this year as one of Supply and Demand Chain Executive’s 2012 Pros to Know, honoring supply chain management’s best and the brightest.
The Supply Chain Project:
This year, Source One was recognized for helping an academic medical center sustain profitability through the implementation of a supply chain transformation program during a difficult transition. On one hand the hospital system was dealing with the new regulations and restrictions implemented in the health care reform act, and at the same time was juggling the construction and launch of a brand new state of the art medical center. They were looking for ways to sustain profitability in a difficult climate without having to reduce the amount of medical personnel they had on staff.
After conducting a comprehensive review and analysis of the medical center’s supply chain process, over a dozen spend categories were chosen for a strategic sourcing initiative.
Based on the favorable results and hard-dollar unit cost savings in the first round of projects, the hospital’s executive team had enough confidence in the Source One team and their ability to produce results that they added core business categories (direct spend), such as blood products and medical equipment. The expert team also collaborated with the client’s Group Purchasing Organization (GPO) to broaden the scope of cost-reduction opportunities which allowed the medical center to achieve significant savings.
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Supply & Demand Chain Executive is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage.
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