The company stands out among high-performing supply chain organizations, demonstrating continued growth and excellence in procurement as a service.
WESTPORT, CT., October 30, 2024 – LogicSource, the leader in procurement services and technology, announced today it has been named a Star Performer and Major Contender in Everest Group’s 2024 PEAK Matrix Assessments for Source-to-Contract and Procurement Outsourcing.
Everest Group analysts provide a third-party perspective on supply chain performance, offering a window inside the most successful organizations in sourcing and procurement. This prestigious assessment measures industry top performers through a rigorous analysis including an extensive RFI detailing operations, metrics, financial performance, and vision for the future, and distinguishes the highest-ranking supply chain leaders in the market. LogicSource, with 15 years of industry service, has a track record of best-in-class performance and client satisfaction, and was designated as a Star
Performer for the second consecutive year.
Some of the strengths highlighted in this year’s Everest Group report include LogicSource’s proprietary technology suite, OneMarket and its unique Center of Excellence (COE). As drivers of significant cost savings, COE professionals scrutinize spend across thousands of categories and pave the way for brands to recoup millions of dollars across typically overlooked expenditures. Additionally, OneMarket sets LogicSource apart as a trailblazer in operational and cost efficiency.
“LogicSource leverages its proprietary end-to-end S2P platform, OneMarket, to serve large and mid-sized clients with flexible engagement models, industry contextualization, market intelligence, price benchmarking, analytics, and tail spend management,” said Shirley Hung, Partner, Everest Group. “Due to its high growth rates, augmentation of onshore category expertise with a nearshore partnership for tactical procurement support, the expansion of capabilities to support the private equity sector, and the enhancement of expertise across IT/telecom, facilities, and contingent labor categories, LogicSource is positioned as a Major Contender and Star Performer in Everest Group’s 2024 Source-to-Contract (S2C) Services PEAK Matrix® Assessment.”
With intensifying challenges facing the supply chain industry – including port disruptions, geopolitical tensions, severe weather, and economic difficulties – it is critical that businesses from brick-and-mortar retailers to healthcare organizations have reliable procurement services and technology to navigate unprecedented times. LogicSource combats these difficulties with tailor-made strategies for risk mitigation, supply continuity, cost savings and EBITDA enhancement. Deep category expertise and insights from LogicSource’s Center of Excellence experts help CFOs discern new areas to optimize their spend management approach and reduce costs.
LogicSource’s growth in the last year supports customers with enhanced near-shore capabilities and increased private equity offerings. The procurement services leader builds upon past accolades from Everest Group, Inc. 5000, Spend Matters, and Financial Times as it expands its presence across business verticals. Collaborating with world-class leaders like Cleveland Clinic and lululemon, LogicSource sets the standard for strategic spend management.