For the second year in a row, Source
One Management Services, LLC has been awarded the Supply &
Demand Chain Executive 100. Source One was recognized for its
ability to partner with its clients and jointly develop and
implement successful sourcing initiatives.
This year, The 2007 Supply &
Demand Chain Executive 100 has been awarded to supply chain solution
and service providers that are at the forefront of enabling the 21st
century supply chain. Supply & Demand Chain’s goal with the
"100" is to highlight a broad range of solutions and services
targeted at a variety of industries, addressing the needs of
companies of varying sizes, and assisting in the transformation of
the diverse mix of the functions that make up the supply chain. Supply &
Demand Chain Executive has identified leading providers of
supply chain services and technologies who are at the forefront of
innovation.
A large publicly traded educational
institution with 37 locations in 17 states was considering creating
a centralized sourcing and purchasing department. Previously,
sourcing was decentralized and conducted by each location. The company was motivated by
the efficiency and economies that could be gained from leveraging
their entire corporate spend. After a thorough cost analysis, the
executive committee reached a pilot partnership with Source
One.
The pilot partnership began with the
identification of multiple products and service spends areas
including online advertising, telecommunications, and payroll. Several strategies were
jointly developed with the suppliers, Source One, and the
educational institute. Through the use of Source One’s
online sourcing tool, www.WhyAbe.com, suppliers were identified and requests for proposals and
reverse auctions where conducted.
The RFPs and Reverse Auctions then lead to further
discussions, strategies, and negotiations with the suppliers and
ultimately produced an average of 20% savings across all
categories.
The
pilot partnership’s success resulted in the company’s appointment of
Source One as the strategic sourcing
partners for the entire spend of the organization. To date, over 20
categories have been sourced or are actively being sourced. Through
the continued use of WhyAbe.com’s Contract Management Repository,
the client’s management has centralized instant online access to the
entire organization’s active and pending contracts in
real-time.
