5/22 - Source One Wins 2015 Supply and Demand Chain Executive Top 100 Projects Award
For the tenth year in a row, Source One has won the Supply and Demand Chain Executive Top 100 Supply Chain Projects Award.
Willow Grove, PA – May 22, 2015
Supply and Demand Chain Executive Magazine annually reviews a long list of supply chain projects conducted around the world to identify the top providers of supply chain solutions and services, based on a number of criteria including project scope, creative application of technologies/solutions/services, and business impact. Previously this year, Supply and Demand Chain Executive also awarded Source One’s experts with the Pro-to-Know distinction.
The 2015 winners have been announced and Source One has been recognized yet again for its strategic and innovative approach to supply chain optimization and management. The project was conducted for a multinational medical devices manufacturer who was struggling to remain competitive with lower-cost, un-regulated foreign markets. Beginning with one product line as a pilot, Source One experts designed and implemented a several phased approach to savings – bringing together the Sourcing, Engineering, and Sales Teams to enhance innovation and minimize risk. In the first year alone, Source One produced $5 million in savings for direct materials spend. In addition, Source One collaborated with Engineering and Sourcing to accomplish product design changes that produced $4 million in savings over an 18 month span. The medical device manufacturing giant is also expected to see an addition $6M in savings over the next three years with business process outsourcing.
“At Source One, we are committed to delivering impactful and innovative strategic sourcing and cost savings solutions for our clients,” shared Steven Belli, CEO of Source One. “This recognition, especially for the tenth year in a row, is an honor and a testament to our commitment and enduring expertise in supply chain and procurement, as well as growing influence in engineered products and direct spend.”
About Source One
Source One Management Services, LLC is an award-winning strategic sourcing and procurement consulting firm, recognized for its expertise in providing spend management solutions that enhance performance and profitability in all industries and categories. Working as an on-demand, one-stop shop for its clients, Source One supplements in-house teams with the right people, processes, and technology – all backed by decades of dynamic market intelligence. For more information on Source One, visit www.sourceoneinc.com.
Award Winning Industry Leaders in Supply Chain Management
Engineered Products and Direct Spend
Manufacturers are constantly challenged to determine ideal methods of reducing or even maintaining costs of their product lines. Throughout its lifecycle, the cost of a product only rises as it makes its way through development, marketing, sales, engineering, and quality assurance. These departments can inadvertently rack up unmanaged costs and even lead to an over-engineered product that can not be sustained.
With decades of experience and skills in supplier relationship management, Source One possesses the expertise to navigate complex product lifecycles, and engage your critical suppliers to reveal innovations and cost savings.
Source One’s Strategic Sourcing Services for Product Engineering
Strategic Sourcing for Medical Device Equipment and Medical Supplies Manufacturers
Supply chain optimization and visibility into your medical device and diagnostics organization’s cost reduction goals. At Source One, we understand the complexities of the medical device industry and strive to implement strategies that drive supply chain performance and value.
We partner with medical device manufacturers to implement proven end-to-end product lifecycle management (PLM) and total asset management (TAM) techniques and leverage market intelligence to build long-term strategic supplier relationship
Source One’s Strategic Sourcing Services for Medical Supplies and Equipment Manufacturers