New Year, New Clients: LogicSource Announces Three Partnerships to Begin 2020
NORWALK, CT – As LogicSource looks back upon what we’ve accomplished, 2019 stands out as a banner year, marked by big wins and outstanding teamwork. Nationally renowned businesses invited us into their organizations to unearth savings, reshape their supply chains, and solve complex problems facing their organizations. LogicSource’s OneMarket® technology suite empowered our clients with data and informed their purchasing processes, bringing together the critical information needed to effectively source and procure into a single platform. Our Center of Excellence—led by our Category Experts—continued to distinguish itself within the industry, and individuals throughout our business elevated their performance for clients and internal teams alike.
Building on 2019’s momentum, we look ahead to a new decade of driving profitability for our clients. LogicSource is thrilled to announce three new high-profile signings, setting the stage for an even more exciting 2020.
Global Apparel Retailer
National Big Box Retailer
Luxury Apparel Retailer
Deploying solutions that provide best-in-class procurement capability, LogicSource is committed to solving the unique challenges facing our clients, achieving rapid speed-to-value and tangible, lasting improvements to their supply chains. Value derived from these partnerships comes from a combination of sourcing and category management, process optimization, and operational redesign.
We unify these core practices using OneMarket, our suite of technology that enables data capture, automation and closed-looped interactions between our teams and our suppliers. OneMarket dramatically reduces cycle times and empowers our clients with leveraged pricing information and industry benchmarks. The results are tailored solutions that consistently drive profit improvement and deep savings to the bottom line.
All combined, LogicSource will address almost $900MM of indirect spend, and deliver $100MM+ in net value over the life of the new agreements.
“As our clients continue to execute against their growth strategies, effectively managing their indirect procurement costs will provide cost-reduction opportunities and allow them to reinvest in key areas across their organizations,” LogicSource CEO, David Pennino explained. “With our support, these industry leaders can continue to expand their businesses and do what they do best, armed with high quality, innovative procurement organizations.”
As 2020 kicks off, we remember that this positive momentum to start the year can only be attributed to the hard work of our leadership and employees. All have worked tirelessly to drive profitability for our clients and will continue to do so as 2020 progresses. With additional partnerships sure to come, keep a lookout for more major announcements as we deliver innovative sourcing and procurement solutions for some of the world’s most recognizable brands.
LogicSource was purpose-built to drive profit improvement for their clients through better buying. LogicSource focuses exclusively on the sourcing and procurement of goods and services not-for-resale, which typically represents 20% of a company’s revenue and the area of greatest spending inefficiency. Tested time and again in the marketplace, their proven engagement model builds profitable partnerships that achieve 4-15x ROI. Learn more at www.logicsource.com.