Source One Makes Spend Matters' 50/50 List as a 2016 Provider to Watch
Willow Grove, PA (May 26, 2016) – Leading spend management services provider, Source One Management Services, has been named a 2016 Provider to Watch by Spend Matters. The honor adds further momentum to an already eventful year for the procurement services firm, following Source One’s executive sponsorship of the Institute for Supply Management’s 2016 conference and Exec IN forum, in addition a number of other industry accolades. Spend Matters, a leading publication covering a wide-range of supply management news and topics including, e-procurement, supply chain management, supplier enablement, purchasing, and much more, releases an annual list of procurement technology and services providers that organizations should know. The Provider to Watch list is designed to support organizations in their vendor research and selection process.
Making the list as a 2016 Provider to Watch, Source One Management Services exemplifies a Spend Matters’ observed industry trend: “The Rise of the Managed Services.” The leading procurement managed services provider believes the recognition is indicative of a change occurring in the space, as MSPs become the successor to traditional outsourcing models. Spend Matters recently released an article in anticipation for the Provider to Watch List release explaining the benefits MSPs offer attributing to the industry shift; “Managed services providers, which blur the lines between delivering capabilities, technologies, services, compliance, specialized expertise and even outcomes, are changing the procurement provider landscape at all levels.”
Source One’s VP of Operations, William Dorn shares “Being named a Spend Matters Provider to Watch couldn’t come as better news to us at Source One. We’re excited to see this shift finally collectively happening in the industry. Over the last 25 years, Source One has worked to position ourselves as leaders in the niche procurement support role. In the past, companies have relied on the traditional way of using consultants, and Source One was viewed as an outlier. Now that the industry is getting on-board with alternative outsourcing models, we see this as an ideal opportunity to further promote the value of a true on-demand resource partner.”
“We’re thrilled to be named a 2016 Spend Matter’s Provider to Watch,” explains Source One’s VP of Professional Services Joseph Payne. “The supply management industry is evolving – indicative in our client’s growing demand for a more robust procurement services offering. Source One’s portfolio of procurement services means we’re not restricted to simply supporting an existing model. Our team of cost reduction experts can offer end-to-end support, whether our clients are looking for tactical category support or long-term procurement strategies.”
The premier supply management services firm has boasted an exciting first half to 2016 that is expected to continue with upcoming new announcements and services to be released.