Source One Management Services, LLC was announced by Supply and Demand Chain Executive Magazine as the recipient of the publication’s “100 Award” for conducting one of the “Great Supply Chain Projects of 2012.” As a repeat awardee, Source One is recognized, for the seventh consecutive year, as a supply chain and procurement solution provider that is leading companies to supply chain excellence. Honorees including Source One will be featured in the June 2012 issue of the magazine.
“Source One is honored to be recognized again by one of the top industry publications for our unique supply chain solutions that optimize our clients’ internal processes and allow them to sustain profitability,” said Steve Belli, Chief Executive Officer of Source One Management Services, LLC.
The Supply and Demand Chain Executive 100 award spotlights successful and innovative transformation projects that deliver bottom-line value to small, medium and large enterprises across the range of supply chain functions that this industry’s professionals face today. The supply chain projects featured in this awards program serve as a roadmap for new opportunities to drive operational improvements. The project submissions were evaluated based on the ambitiousness of the project, creative application of technologies and solutions, and the extent of the business results and impact.
“Our goal with this year’s ‘100’ is to put the spotlight on successful and innovative transformation projects that are delivering bottom-line value to small, medium and large enterprises across the different functions that comprise the supply chain,” said Barry Hochfelder, Editor of Supply & Demand Chain Executive. “The projects featured in the ‘100’ article can serve as a roadmap for supply chain executives looking for new opportunities to drive improvement in their own operations.”
This year, Source One was recognized for helping an academic medical center sustain profitability through the implementation of a supply chain transformation program. After conducting a comprehensive review and analysis of the medical center’s supply chain process, over a dozen spend categories were chosen for a strategic sourcing initiative. Based on the favorable results and hard-dollar unit cost savings in the first round of projects, the hospital’s executive team had enough confidence in the Source One team and their ability to produce results that they added core business categories (direct spend), such as blood products and medical equipment. The expert team also collaborated with the client’s Group Purchasing Organization (GPO) to broaden the scope of cost-reduction opportunities which allowed the medical center to achieve significant savings.
“The success of this project was largely due to the strong teaming effort between Source One and the hospital’s executive committee, with strong buy-in and support from the stakeholders. As a direct result of our team’s efforts, our client was able to maintain profitability and avoid layoffs of medical staff,” said Joe Payne, Vice President of Professional Services.
Supply & Demand Chain Executive Magazine is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. For more information visit www.SDCExec.com.