Cleveland Clinic and LogicSource are transforming non-clinical procurement, helping health systems save on indirect spend. Discover how their collaboration sets new benchmarks for cost efficiency in healthcare.
LogicSource’s 2025 Tariff Impact Analysis reveals substantial cost increases across indirect spend categories, with IT hardware, packaging, and HVAC systems facing significant tariff impacts starting January 2025.
Amid the rising cost of care, the need to double down on non-clinical spend categories to find efficiencies is greater than ever.
Is your supply chain ready for the next disruption? Discover how adaptive contingency planning can protect your business’ critical operations during labor strikes and other external challenges.
Amid the rising cost of care, the need to double down on non-clinical spend categories to find efficiencies is greater than ever.
Amid the rising cost of care, the need to double down on non-clinical spend categories to find efficiencies is greater than ever.
What’s the amount of the hidden costs in American healthcare spending? Discover the factors driving these costs and their effects on healthcare management and efficiency.
Can healthcare organizations drive operational excellence through procurement analytics? Explore eight key metrics to enhance visibility into non-clinical spend, improve sourcing processes, and identify cost-saving opportunities.
There are five steps healthcare systems can take to improve their procurement processes to unlock new cost savings in the supply chain.
Discover how the Cleveland Clinic and LogicSource collaboration is transforming healthcare cost management to address financial pressures from rising costs and an aging population.
Amid the rising cost of care, the need to double down on non-clinical spend categories to find efficiencies is greater than ever.
Discover strategies for retailers to maintain profits and consumer trust amidst price cuts. Learn how optimizing indirect spend can help balance cost reductions while ensuring quality and customer satisfaction.
Don’t buy into the misconception that generalists are enough to handle indirect procurement. Learn why investing in specialized expertise is necessary to harness the full potential of this indirect spend for your business success.
Discover how the Procurement Maturity Model empowers healthcare CFOs and procurement leaders to unlock hidden value in indirect spending. Learn about the five-stage framework for assessing and improving procurement capabilities.
Healthcare spends a significant amount on non-clinical services but managing non-clinical procurement the traditional way could mean missed savings opportunities. Learn how to optimize non-clinical procurement for better patient care and cost reduction.
Amid the rising cost of care, the need to double down on non-clinical spend categories to find efficiencies is greater than ever.
Amid the rising cost of care, the need to double down on non-clinical spend categories to find efficiencies is greater than ever.
Healthcare organizations have long benefited from savings leveraged by the collective purchasing power of GPOs. However, GPOs may not be enough to fully capitalize on the cost savings opportunities of non-clinical spending. Discover four actionable steps that can help unlock these hidden benefits.
Discover how health system CFOs can lead their organizations through economic turbulence by adopting seven crucial habits. Learn from other industries to enhance financial health and patient care.
Discover why you should avoid contract lifecycle management tools and what contract management solutions are better suited to meet your procurement needs. Learn how to leverage contracts to provide business value with actionable data.
Empower your decision-making with expert insights and practical actions to optimize your spend management. Gain a strategic advantage to tackle volatility and pave the way for your organization’s resilient, innovative future.
Amid the rising cost of care, the need to double down on non-clinical spend categories to find efficiencies is greater than ever.
Don’t overlook the potential savings in indirect expenditures. Learn how to strategically manage and optimize costs in this uncertain economic climate with expert tips from LogicSource CEO David Pennino and boost your company’s financial performance today.
Find out how a procurement consultant can help you source the right media planning and buying agency for your business, with tips and insights from years of experience in conducting media agency RFPs. Don’t take a leap of faith when it comes to choosing a partner – make an informed decision based on these important… Read more »
Learn how local contracts can provide distinct advantages over GPOs when it comes to procuring non-clinical goods and services. Discover the key reasons why your health system should consider opting for localized contracts rather than nationwide agreements.
There’s a massive savings opportunity that healthcare systems miss out on when solely relying on national GPO contracts for non-clinical procurement. Here’s why you need a holistic, in-depth approach to truly optimize non-clinical expenditures.
From lost time to decreased profitability, inefficient sourcing can have far-reaching implications. Discover what common roadblocks you could be facing and why you may need to take a closer look at sourcing technology.
Find out how healthcare CFOs can overcome traditional budgeting challenges and optimize the budgeting process without impacting the patient delivery model.
Indirect procurement can reduce operational costs by up to 12%, but many organizations aren’t equipped to leverage its full value. Find out how LogicSource is uniquely positioned to address this gap in the corporate workflow.
Amid the rising cost of care, the need to double down on non-clinical spend categories to find efficiencies is greater than ever.
Get the most out of your source-to-pay technology by asking the right questions. Here, we provide seven essential questions for procurement teams to ask in order to find the right software for their needs, with recommendations on how to get started.
LogicSource’s David Pennino talks about how procurement can enable companies to succeed amidst volatility — without raising prices or hurting their consumers.
Why is it important for procurement teams to work faster and smarter? Find out how a high-performing, well-funded, and well-resourced procurement team can drive long-term business growth, even in an inflationary market.
Choosing the right procurement technology can streamline operations and maximize savings potential. Find out the common red flags you should watch out for so you can make the right choice.
Ready to improve your indirect sourcing and procurement performance? Find out why you should switch to a modern PPM solution for enhanced visibility, greater efficiency, improved decision making, lower costs, reduced risks and more.
There is more than one way to keep profit margins healthy amidst rising inflation and global uncertainty. Discover how you can unlock sources of funds by tackling your indirect spending.
Discover the power of spend analytics and see how procurement leaders are transforming their businesses with actionable insights. Learn the value behind gaining transparency into spend to help make informed decisions.
Our guide provides a checklist of ten essential questions to help you make an informed decision when choosing a procurement technology partner to find the best solution for your business.
Amid the rising cost of care, the need to double down on non-clinical spend categories to find efficiencies is greater than ever.
Learn how CPOs can overcome common roadblocks and demonstrate the strategic value of procurement in order to earn a permanent seat at the decision-making table with the C-suite.
Struggling to get the most out of your source-to-pay solutions? Our guide goes into why traditional S2P technology solutions often don’t meet expectations and introduces a different strategic approach for procurement teams.
Learn how procurement technology can help your company reduce costs and optimize spend. Find out the 4 key areas you need to consider before choosing the right solution for you.
A lack of expert resources. Poorly adopted technology. Limited visibility into total spending. When these effects snowball, the result is needless internal complexity leading to inefficiencies across your indirect procurement function.
As businesses aim to manage costs in a shifting economic climate, layoffs are a common strategy. However, this seemingly simple solution can have harmful consequences.
As businesses aim to manage costs in a shifting economic climate, layoffs are a common strategy. However, this seemingly simple solution can have harmful consequences.
Businesses are facing mounting pressure to cut costs and meet financial goals amid today’s macroeconomic challenges. While headcount reductions are typically the first lever pulled in cost cutting strategies, indirect expenditures also offer significant potential for cost savings. Transition from a reactive procurement function to a more strategic and sustainable model of cost savings and profit improvement.
Businesses are facing mounting pressure to cut costs and meet financial goals amid today’s macroeconomic challenges. While headcount reductions are typically the first lever pulled in cost cutting strategies, indirect expenditures also offer significant potential for cost savings. Transition from a reactive procurement function to a more strategic and sustainable model of cost savings and profit improvement.
Non-clinical spend typically equates to 20% to 25% of a health system’s net patient revenue and represents a significant opportunity for cost savings. But overcoming entrenched buying practices and managing these expenses can be a complex challenge for healthcare providers.
As businesses aim to manage costs in a shifting economic climate, layoffs are a common strategy. However, this seemingly simple solution can have harmful consequences.
As businesses aim to manage costs in a shifting economic climate, layoffs are a common strategy. However, this seemingly simple solution can have harmful consequences.
As businesses aim to manage costs in a shifting economic climate, layoffs are a common strategy. However, this seemingly simple solution can have harmful consequences.
Healthcare supply chain teams nationwide faced an unprecedented crisis during the COVID-19 pandemic. Teams raced to secure personal protective equipment (PPE). Surges in demand for equipment and transportation disruptions strained our fragile procurement infrastructure. And national lockdowns further delayed shipments, exacerbating these unmatched supply chain challenges. Three years later the healthcare supply chain is taking… Read more »
Businesses are facing mounting pressure to cut costs and meet financial goals amid today’s macroeconomic challenges. While headcount reductions are typically the first lever pulled in cost cutting strategies, indirect expenditures also offer significant potential for cost savings. Transition from a reactive procurement function to a more strategic and sustainable model of cost savings and profit improvement.
Non-clinical spend typically equates to 20% to 25% of a health system’s net patient revenue and represents a significant opportunity for cost savings. But overcoming entrenched buying practices and managing these expenses can be a complex challenge for healthcare providers.
A group purchasing organization (GPO) model is built on economies of scale, grouping purchasers with similar needs to buy in bulk and reduce costs for member organizations. This works well when it comes to cost-of-doing-business items that companies use for their core offerings. In healthcare, this may be things like PPE, surgical equipment, medical supplies,… Read more »
Remember the days when your Magic 8-ball would always give the right answer? It didn’t matter how many how times you needed to shake it – eventually, you got the answer you wanted. Unfortunately, as digital marketers we can’t rely on a Magic 8-ball for the answers, we need to be much more methodical if… Read more »
There is a hidden resource hiding within every organization. And it’s one that can help any leader—CEO, CPO, CFO, COO—overcome the primary challenge of today: keep profit margins healthy amidst rising inflation and global uncertainty. For most of the clients we’ve worked with at LogicSource, the focus in rising to this challenge is often revenue-centric…. Read more »
With growing economic uncertainty driving renewed caution among US consumers, Retailers are facing make-or-break decisions. How they respond to revenue pressures and the financial headwinds disrupting their long- short- and near-term plans will determine whether they are positioned for success or destined to spend years course correcting. In this report, the team at Coresight Research details… Read more »
This article was originally published by Healthcare Business Today. America’s hospitals are projected to lose billions in 2022, as expenses are expected to increase by an eye-watering $135 billion from 2021, with the most optimistic predictions expecting margins to be 37% lower than pre-pandemic levels, according to the American Hospital Association. On the ground, multiple… Read more »
This article was originally published by Supply & Demand Chain Executive. In the face of mixed economic signals, many businesses today are uncertain of the steps they need to take to best position themselves for growth in the months and years to come. Organizations are faced with issues on multiple fronts, painting a concerning picture for… Read more »
Since 2009, LogicSource has delivered indirect procurement assessments, services and technology for hundreds of clients across a wide range of industry verticals. One of the most common challenges that we help resolve for our clients is Contracts Management. Ownership of the technology used to manage the contracting process and subsequent storage of contract documents and… Read more »
Today’s disruptive and fast-paced business environment is putting unprecedented pressure on Procurement teams, meaning modern Procurement professionals need enabling technology that can meet the dynamic needs of their organization. Responding to that increasing need, OneMarket has made significant user experience enhancements to its Source-to-Contract solution. In this candid discussion, Managing Director of OneMarket Product Management,… Read more »
This article was originally published by Retail TouchPoints. These days it takes about everything businesses have just to get goods on shelves. Product inventories have fallen to historic lows. Goods are held up by shipping container shortages, congested ports and a long-simmering lack of truck drivers that’s worsened with unprecedented resignation and retirement rates. These… Read more »
This article was originally published by Supply & Demand Chain Executive. Procurement technology can unlock transformative value for the procurement function and the company. But, to realize these benefits, there must be a plan for overcoming human barriers. Sourcing and procurement technology solutions are sold based upon the promise of enabling purchasing efficiencies throughout an… Read more »
This article was originally published by Procurement Magazine. “CEOs, of course, have a great deal of help and resources at their disposal. However, they, more than anyone else in the organization, confront an acute scarcity of one resource. That resource is time. There is never enough time to do everything that a CEO is responsible for.”… Read more »
This article was originally published by EPSNews. As artificial intelligence (AI) capabilities mature, an increasing number of businesses are investing in AI initiatives and leveraging automation in their daily business operations. This once leading-edge technology is becoming more ubiquitous and is quickly becoming an imperative to long-term success. In fact, analysts project the global AI… Read more »
This article was originally published by betanews.com. 50 percent of respondents to a recent McKinsey survey reported that their companies adopted artificial intelligence (AI) in at least one business function in 2020. As interest and investment in AI and machine learning (ML) continue to grow across different business functions, is Procurement keeping pace with its business unit… Read more »
This article was originally published by Future of Sourcing. Women in the C-suite are slowly gaining momentum, with leaders like Jane Fraser, CEO of Citi, Cathy Engelbert, CEO of Deloitte, and Karen Knudsen, CEO of the American Cancer Society all being named “first female CEOs” within the last few months. But there is still opportunity… Read more »
This article was originally published by Fast Company. The events of 2020 risk reversing the progress we have made towards gender disparity in company leadership. As many as two million women in the U.S. have either left or considered leaving the workforce because of caregiving burdens and lack of work flexibility, according to a McKinsey study… Read more »
Uncovering potential savings in GNFR (goods not for resale) expense has become increasingly important, as many US retail and CPG companies have encountered constrained profit margins as a result of the Covid-19 pandemic. Titled “Using Data Analytics to Manage GNFR Expenses and Improve Profitability”, the findings in our co-authored study are derived from a February… Read more »
This article was originally published by Supply and Demand Chain Executive. As a procurement leader looking to fix a spend data challenge, take time to evaluate your spend data and understand how you can deliver valuable and actionable insights to find new savings. Spend analytics, or the process of collecting spend data, categorizing and analyzing… Read more »
This article was originally published by epsnews.com Business stakeholders often overlook sourcing and procurement departments, viewing them as tactical purchasing and contract administrators or even as barriers to the buying process. The pandemic gave procurement an opportunity to prove its value, as businesses relied on cost savings and critical supplies such as PPE-related goods and services to… Read more »
