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!!! Source
One Management Services, - Procurement Service Provider
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Source One
Management Services, LLC awarded 2006 Supply & Demand Chain
Executive 100.
WILLOW GROVE,
Pennsylvania – July, 2006 – Source
One Management Services, LLC
Source One Management Services, LLC has been awarded to the
2006 Supply and Demand Chain Executive
100.
This
year, Supply & Demand Chain Executive magazine has awarded the
Executive 100 to companies that have contributed to the advancement
of supply chain transformation and enablement.
Source One Management Services, LLC and
www.WhyAbe.com have been nominated for their work with a
$130 million global specialty coating company:
History of
Innovation:
Source One Management Services, LLC developed
the online procurement tool www.WhyAbe.com that can be used by anyone in any industry completely
free.
WhyAbe.com is an
automated collaborative marketplace, where buyers of goods and
services can research & find new suppliers or create and manage
an entire Request for Proposal. The tool allows procurement
professionals to invite pre-registered suppliers, or their own
suppliers by email address. Buyers can use the dashboard to manage
multiple RFP’s and view history of all RFP’s and bids placed.
This
is especially important for companies that are trying to comply with
Sarbanes Oxley.
Future of
Innovation:
Source One has committed to continued
development of www.WhyAbe.com to meet the needs of both professional buyers and
suppliers.
Features have been recently added that allow suppliers to
list their products and services. WhyAbe.com is dedicated to
providing free sourcing tools to e-enable sourcing professionals.
Organizations that don’t have a budget for sourcing tools can now
obtain benefits and capabilities that were previously available only
with a significant investment. Source One will also continue to
constantly research the latest innovations and technologies to
insure state of the art technology is incorporated into
WhyAbe.com.
Case
Study:
Company, a $130 million global
specialty coating company with locations in North America, Europe
andAsia,
engaged Source One Management Services, LLC to assist in the strategic sourcing
of its indirect spend
items. Company
was already operating with above average sourcing practices,
and asked Source One to assist in areas where their internal
resources were constrained. Collaborative and
innovative approaches were required in each project category in
order obtain best-in-class total value in procurement.
Initially, the two companies focused on LTL freight, small
parcel, telecommunications, and packaging.
In order to produce savings in less than load freight
shipments, Source One and Company compiled a shipping
profile and lane analysis with over one year of shipment data. By consolidating shipping to
one national carrier to service all of Company's long-haul requirements and one
primary regional carrier for each location’s short-haul
requirements, the two companies were able to produce a projected 14%
annual savings.
Company wished to retain their incumbent small
parcel carrier, but also wished to produce larger savings than in
prior years. In order
to produce tangible savings, Source One collaborated with the
incumbent supplier.
Together, they did a thorough review of Company's shipping characteristics.
After review and
collaboration, Company changed their preferred shipping
methods for a particular product from an express shipment service to
a ground shipment service, and could produce $170,000 in annual
savings.
Most
importantly, Company was
able to maintain the same level of service and delivery dates that
their existing processes required.
At the start of the telecommunications project, Company had already implemented advanced telecommunications
technologies such as VOIP at all of their locations.
Company had also
already identified further network enhancements, but engaged Source
One to assist in the implementation of the enhancements due to lack
of available in-house resources. In order to produce further
results, Source One assisted in the negotiation and implementation
of MPLS technology. By
implementing VOIP over MPLS and replacing the frame relay network,
Company
saved over 47% in their total telecommunications
spend.
The packaging project required a combination of several
sourcing strategies and heavy collaboration between Source One,
Company, and the suppliers.
After data collection
and interviews, the team focused on the functional requirements for
their corrugated packaging and the pallets used to transport
them. Through
collaboration with suppliers, the Source One packaging team and
Company engineering, it was determined that Company could shift to industry standard-sized boxes which would not
only lower their unit cost of boxes, but would allow them to
purchase a standard-sized pallet with a lower unit cost. To take the project one step
further, Source One utilized WhyAbe.com to conduct a Request for
Proposal. The RFP also incorporated other packaging supplies and
containers that complimented Company's
largest corrugated
spend items. WhyAbe.com
allowed Source One to simultaneously invite multiple suppliers to participate in the RFP,
and Company was able to monitor the incoming questions and
bid responses in real-time as Source One conducted the event.
Ultimately, pricing of
the new corrugated packaging and pallets reached the market floor,
and Company was able to obtain annual savings
in excess of $200,000.
“Our corporation never could have resourced this
effort with available personnel.
By outsourcing portions of
our procurement cycle, we achieved savings that would not otherwise
have been possible. In
addition, we learned things about the marketplace and our own
operations that make us better purchasers for future efforts in
other areas.”, John F. XXX -CFO, Company
To learn more, please visit http://www.sdcexec.com | 
