2017 Marks Source One's 25th Anniversary as a Boutique Consulting Firm Specializing in Procurement Services
Willow Grove, PA (July 11, 2017) – This year, Source One Management Services reaches a major milestone -celebrating its 25th Anniversary of delivering premier strategic sourcing and spend management services. Since its founding, the boutique consulting firm has concentrated exclusively on Procurement and Strategic Sourcing – impacting how Procurement teams interact with suppliers while elevating sourcing’s role within the enterprise. Throughout its 25-year-history as a leading procurement services firm, Source One has achieved significant success in optimizing spend management practices in countless indirect and direct spend categories, championing cutting-edge procurement tools, and providing expert advice to change how organizations approach strategic sourcing and procurement.
Established in 1992 in the Philadelphia region with the vision of helping businesses optimize supplier relationships and procurement activities through strategic sourcing, Source One Management Services has expanded and continuously evolved to help leading organizations address ever-changing supply management challenges. Within the last decade, the procurement consultancy has acted as a powerhouse of thought leadership: from establishing the blog site/Google News Source, Strategic Sourceror; to delivering procurement and strategic sourcing expertise through Wiley & Sons’ first-ever book highlighting indirect spend strategic sourcing, Managing Indirect Spend; to providing unique perspectives at countless industry events and producing a portfolio of spend management whitepapers.
In 2015, Source One met growing business demands in the Midwest by opening the doors to its Chicago office. the following year, Source One partnered with the Institute for Supply Management to produce the executives-only ExecIn Forum during the ISM Annual Conference. Most recently, Source One premiered its web-based spend analysis tool, Spend Consultant. The unique spend analysis as a service platform applies Source One’s years of strategic sourcing experience to deliver an actionable spend analysis report, along with category-specific advice for achieving cost reduction. The tool serves as the ideal resource for companies seeking spend transparency without the burden of implementing and integrating a software platform.
“Source One’s success over the years stems not only from our firmly planted roots in delivering cost reduction results for our clients through strategic sourcing, but also in our vision and aim to shape the future of Procurement,” shares Steven Belli, Source One’s CEO. “It’s an exciting time to be a part of an organization that is not only looking to make an impact in the procurement operations of our clients, but change how the industry views Procurement’s role in serving enterprises at a strategic level. To say we are proud of how far we’ve come is an understatement. We have an incredible team and we’re absolutely looking forward to leveraging our long history to propel us into the next phase of spend management and procurement.”
Also this year, Source One will continue its mission of delivering custom-made tools for procurement professionals, by procurement professionals with the relaunch of its e-sourcing platform, WhyAbe.com. The revamped eRFX tool will provide new user experiences and enhanced capabilities for identifying and collaborating with suppliers, along with managing contracts. The new WhyAbe will provide two subscription models: a free option for individual users, and a low-cost team option for businesses who are seeking a starting point for a more efficient ways to connect with suppliers and manage vendor contracts.