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.
LogicSource has named James H. Gellert, Executive Chair of RapidRatings, as the Chair of its Advisory Board. James will lead a team of executives dedicated to driving supply chain efficiency across industries.
Discover how finance, operations, and technology teams can collaborate to ensure cost-effective technology integrations that drive real business value. Jo Seed, COO of LogicSource, shares key strategies for navigating digital transformation.
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.
Discover how LogicSource’s new nearshore capabilities accelerate project cycles and enhance procurement services. Learn more about our innovative solutions today.
Don’t let hidden expenses drain your profits. Learn how to gain control of indirect spend, uncover savings opportunities, and optimize contracts with expert advice from LogicSource CEO David Pennino.
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.
LogicSource strengthens its commitment to healthcare with the appointment of Matthew Gattuso as Managing Partner. Matthew brings decades of experience to lead the company’s growing healthcare and life sciences division, offering innovative nonclinical procurement solutions to health…
LogicSource’s OneMarket is a custom-designed indirect sourcing suite with services-led solutions, enhanced functionality, and expert support to control your spend. Learn more about the innovative Source-to-Contract platform tailored for the unique needs of resourced-strapped procurement teams.
LogicSource Named as One of America’s Fastest Growing Companies by Financial Times.
The procurement services and technology firm ranked No.356 on the fifth annual list.
Designed for healthcare leaders, LogicSource’s Non-clinical Procurement Maturity Model is a tool that provides a strategic roadmap for optimizing procurement for better patient care and financial success.
Unlock the secrets of top-tier health systems with our webinar on Non-Clinical Procurement Maturity and Innovation. Gain insights from industry veterans Mark Van Sumeren and John Dockins on operational efficiency, quality, and outcomes. Register now to elevate your procurement…
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.
Learn from the story of Niki Heim, who turned her interim role as CFO into an official one at LogicSource. Get insights and advice on rising in finance, particularly for women in the field.
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.
After years of engaging with procurement leaders and recognizing the vital role they play, we’re proud to launch Smarter Sourcing. This initiative reflects LogicSource’s dedication to not just observe but actively shape the future of sourcing and procurement. Smarter…
Get insider tips on how to save on indirect expenditures and increase efficiencies in this exclusive fireside chat with Steve Schmitchel, Managing Partner of LogicSource at the ICR Conference…
Discover why credit ratings are crucial and how non-traditional strategies like non-clinical supply chain management can help health systems stay ahead of potential downgrades. Don’t risk your organization’s financial viability – find out what proactive steps you can take…
With healthcare margins under pressure, learn the best practices to uncover untapped savings from non-clinical procurement and help your finance team optimize its spend. Find out how cross-departmental collaboration and leveraging external data can drive informed decision making.
LogicSource, the leading provider of procurement services and technology solutions, has launched a new private equity vertical dedicated to helping firms maximize value within their portfolio companies. We help financial leaders reduce indirect expenditures and best position assets while…
Struggling with rising labor and supply costs? Discover how non-clinical spend management can be the gateway for streamlining your healthcare organization’s budget. Listen to this episode of Power Supply Chain podcast on non-clinical spend optimization.
LogicSource has been named a Major Contender and a Star Performer in Everest Group’s prestigious Procurement Outsourcing (PO) Services PEAK Matrix Assessment 2023, strengthening its Major Contender positioning from 2022.
Get insights on how to reduce non-clinical spend in today’s challenging economic climate from focus group discussions at the 2023 IDN Summit and Reverse Expo. Learn more about maximizing operating margins and funding patient care initiatives.
For the third year in a row, LogicSource has being recognized by procurement and supply chain analyst firm Spend Matters for its innovative Source-to-Pay platform. Find out how our technology suite can enable and automate your procurement lifecycle today.
LogicSource General Manager of Healthcare, Mark Van Sumeren, talks with host Beth Friedman on the future of non-clinical procurement innovation and more on this episode of the FINN Voices podcast.
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.
LogicSource founder and CEO David Pennino talks with co-founder & CEO of ICR Tom Ryan on how LogicSource drives profit improvement, the future of procurement, and more on this Welcome to the Arena podcast episode.
LogicSource announces three executive leaders who are leading their emerging healthcare division. Learn more about how Mark Van Sumeren, David Kirshner, and Susan Tyler are prepared to drive growth and deliver exceptional results.
Learn how your organization can find margin pressure relief and focus on what truly matters: patient care delivery. LogicSource’s COO Jo Seed shares how health systems can navigate a challenging economic climate by re-examining their non-clinical expenditures.
LogicSource has been named on the prestigious Inc. 5000 list of fastest-growing private companies in the US. Learn more about our incredible growth and recognition as one of the nation’s most successful independent, entrepreneurial businesses.
Learn how your organization can leverage unused data to gain better insights, improve efficiency and drive growth. LogicSource’s CFO Niki Heim shares how she navigates turbulent economic times and trim costs while focusing on the effectiveness of resources.
CFO of LogicSource Niki Heim describes her career path as non-traditional. Hear how she rose through the ranks in a candid chat on the latest episode of the CFO Thought Leader podcast.
Learn how LogicSource helps healthcare organizations unlock savings in non-clinical costs, enabling them to focus on more pressing priorities. Discover the data-driven analysis and three-year cost-saving plan that can be used to reduce expenditures by up to 20%.
We’re proud to share that we’ve been recognized by The Business Report as one of the top 25 companies in Connecticut for 2023. See how our commitment to excellence and dedication to innovation have earned us this honor.
LogicSource founder and CEO David Pennino speaks on the podcast “Category Visionaries about how indirect expenditures can become a significant financial burden for companies, and why cost-reduction strategies can be a game changer.
HealthLeaders Finance Editor Amanda Schiavo recently interviewed LogicSource client Keith Noll, Chief Administrative Officer for WellSpan Health, an eight-hospital system in central Pennsylvania. The interview describes how WellSpan optimized their non-clinical purchasing process to save $6MM during 2022, with…
This article was originally published by Executive Edge.
When you walk into a retail store, there’s a whole lot more going on that just items for sale. There are thousands of small categories that affect a company’s bottom line.
These…
Global economic headwinds add new and unprecedented financial pressures to our nation’s health systems. From strained bond ratings to higher borrowing rates and deteriorating liquidity, healthcare leaders face their biggest financial challenge in decades. It has never been more…
NORWALK, CT – LogicSource, the leading provider of procurement services and technology solutions, today announced it has been named an “IDC Innovator” by the premier global analyst firm, International Data Corporation (
This article was originally published FTV Capital.
LogicSource is the leading provider of procurement services and technology,…
LogicSource is proud to announce our partnership with Deluxe as a sponsor for their 10th annual Deluxe Exchange conference, the company’s annual financial services conference held in Phoenix, AZ from February 6-9.
Deluxe Exchange is an exclusive business event…
LogicSource Healthcare Managing Partner Brian White and Chief Executive Officer David Pennino recently sat down with Healthcare Finance News Executive Editor Susan…
This article was originally published Helen Sydney Adams in Procurement Magazine and Healthcare Digital.
Procurement leader LogicSource is designed to reduce costs across non-clinical expenditures. Brian White, Healthcare Partner at LogicSource, tells us more.
LogicSource is a purpose-built procurement…
LogicSource Chief Procurement Officer Michael Braunschweiger recently appeared on The Digital Supply Chain Podcast for a candid discussion with host Tom Raftery…
LogicSource is honored to partner with ICR as a sponsor of the 25th annual ICR Conference, one of the largest growth company investment conferences of the year. For the last two and a half decades, the ICR…
OneMarket is honored to be partnering with Consero as a sponsor of this year’s Procurement & Strategic Sourcing Forum. Consero’s annual, multi-day experience provides Sourcing and Procurement executives with a seamless blend of active panel…
LogicSource founder and CEO, David Pennino recently appeared on Personiv’s CFO Weekly podcast to speak with Megan Weis, where they discussed the…
This article was originally published by Sandra Beckwith from CFO.com.
In her mid-30s, Niki Heim’s youth and innate competitive nature drive her to continue to learn, grow, and excel.
The CFO and chief administrative officer (CAO) of…
NORWALK, Conn., October 26, 2022 – LogicSource, the leading provider of purpose-built procurement services and technology solutions, today announced its inclusion for the second consecutive year on Spend Matters’ 2022 50 Providers to Watch list. The…
LogicSource is honored to be participating in the 18th annual Council of Supply Chain Executives. The Council is a division of the Institute of Healthcare Executives and Suppliers (IHES), which was formed in…
Understanding the organization’s Indirect expenditures sounds like a simple task for a procurement team. The reality is often quite different. Complex ERP queries, data mapping from expense systems and manual categorization is a huge lift for many teams; worse,…
LogicSource CFO Niki Heim will be participating on a panel discussion at StrategicCFO360’s Strategic CFO Forum on Monday, October 17, titled, “The Key To Survival Now: Smarter Data, Smarter Decisions.” In this session, she will be joined by Nasdaq…
NORWALK, Conn. – October 6, 2022 – LogicSource, the leading provider of purpose-built procurement services and technology solutions, today announced a newly redesigned and integrated user experience across its OneMarket Insights, Portfolio, Sourcing and Contracts modules.
The new…
NORWALK, CT – Many of us are relieved that life has returned to normal after a tumultuous two years, but for many children and their families, a return to normal doesn’t mean quite the same thing. While…
Norwalk, CT – LogicSource, the leading provider of purpose-built procurement services and technology solutions, today announced the appointment of Brian White as managing partner, responsible for leading LogicSource’s healthcare division. Brian brings more than two decades of experience in…
This article was originaly published by alejandrocremades.com
When David Pennino achieved his goal of starting his own business, his former employers were so scared of his success that they went to extreme lengths to stop…
In any business environment, if delivery capabilities are missing or disconnected, the result is slower execution and increased workload. Procurement is no exception. All too often, critical workflows within the Source-to-Contract lifecycle are spread across multiple disconnected systems (or…
LogicSource and our OneMarket services-enabled technology platform were recently featured by the analysts at Spend Matters, the leader in sourcing and procurement technology research. As part of their PRO Vendor Analysis series, the Spend Matters…
Charleston, SC – LogicSource’s recent expansion to Charleston County, South Carolina provides our organization with a wealth of opportunities to enhance our services, offerings, and the businesses we serve. But it also offers a unique opportunity to…
This article was originally published by Katie Kuehner-Hebert from StrategicCFO360.
With the pandemic’s supply chain issues exacerbated by inflation, finance professionals are more heavily relying on their procurement departments to not only save costs but also provide more value…
Norwalk, CT – LogicSource, the leader in procurement services and technology, today announced a range of enhancements to its OneMarket technology platform, including a redesigned user experience across the Source-to-Contract phases of the Procurement lifecycle.
“As the demands placed on…
Funding will support LogicSource’s expansion into new verticals and enhance offerings to meet accelerating demand for tech-enabled procurement solutions as record inflation and supply chain constraints mount.
Norwalk, CT – LogicSource, the leading provider of procurement services and technology solutions,…
Ongoing revenue pressure, the drive for innovation and increased market pressures and complexity have magnified the need for bottom-line cost management and profit improvement across the healthcare industry. Improved patient access and care is a key priority, with teams…
LogicSource Founder and CEO, David Pennino recently sat down with ROI TV at Two Roads Brewing Company for a Procurement-focused episode of “The Business of…”, a weekly show that explores the modern realities of doing business through the unique perspective of the leaders and entrepreneurs shaping…
This article was originally published by PYMNTS.
As inflation continues to rise, companies are seeing cost increases in delivery services, software contracts and other goods and services across the board — and procurement teams find themselves under pressure to…
This article was originally published by Jill Griffin from Forbes.
David Pennino is president, CEO and founding partner of LogicSource, the…
NORWALK, CT — LogicSource, the leader in procurement services and technology, today announced a range of enhancements to its OneMarket technology platform and the modules encompassing the Source-to-Contract lifecycle: OneMarket Portfolio®, OneMarket Sourcing® and…
NORWALK, CT – Most companies these days claim to be a type of family, that their workplace is one in which long-lasting and constructive relationships are forged. That the strength of those relationships are what fuel the…
NORWALK, CT – LogicSource, the leader in procurement services and technology, today announced enhancements to its spend and data analytics platform OneMarket Insights.
The new…
As 2021 comes to a close, there has never been a better opportunity for Procurement to prove its strategic importance as a profitability miner, risk mitigator, and driver of valuable outcomes. Yet, without the right tools and support, capturing…
LogicSource founder and CEO, David Pennino stopped by the University of St Andrews studio to speak with Cole Kiefer on Mu Capital Group‘s “Market Saints” podcast. Mu Capital Group is a…
NORWALK, CT — LogicSource, the leader in procurement services and technology, today revealed that the company has been recognized by procurement and supply chain analyst firm Spend Matters in its prestigious “50 Providers to Watch ” 2021.
LogicSource was…
NORWALK, CT – For most of us, health concerns in the past year and a half have been dominated by COVID-19. Whether it’s from the web, the endless news cycle, or just casual conversations with friends and…
This article and podcast were originally published on mission.org.
Companies are built off profitability. The investments you make are designed to support…
NORWALK, CT – LogicSource, the leader in purpose-built procurement services and technology, today revealed that the company ranked on the annual Inc. 5000 list for the second consecutive year. The…
NORWALK, CT –– LogicSource, the leader in purpose-built procurement services and technology, today announced the addition of four new leaders within the company. New additions include Jessica Buchok as Corporate Counsel, Rob Parillo as Chief Revenue Officer,
As a 40-year Procurement leader, Steve Kesinger knows a thing or two about the daily struggles of procurement departments. The former Nordstrom Chief Procurement Officer and LogicSource Procurement Council member has hands-on experience managing large, complex teams responsible for…
Goods-Not-For-Resale (GNFR) expenses can represent up to 20% of revenue for Retail and CPG companies. This reservoir of costs presents an untapped opportunity for businesses to improve profit potential as we emerge from the pandemic. However, uncovering GNFR cost…
Exclusive group of procurement leaders discuss industry trends, technologies and market intelligence.
NORWALK, CT — LogicSource, the leader in purpose-built procurement services and technology, has announced the launch of the LogicSource Procurement Council (LPC). This invite-only “Community…
LogicSource Chief Financial Officer, Niki Heim, joined Hannah Munro from Itas Solutions for this week’s episode of “CFO 4.0 – The Future of Finance”. Niki discusses her journey from a controller to her current role as CFO of LogicSource, how…
Five module solution enhances the complete source-to-pay lifecycle for procurement leaders.
NORWALK, CT – LogicSource, the leader in purpose-built procurement services and technology, announced today it has enhanced its OneMarket platform with five…
NORWALK, CT – In 2020, many of us took time to reassess. Whether it was coming face-to-face with some uncomfortable work-from-home habits, or rethinking different aspects of your business, we have all found different reasons to look…
We’re in a new era of retail. Learn strategies for driving profitability in a post-COVID environment.
Join us for a webinar on Wednesday October 21, where LogicSource Chief Executive Officer David Pennino, and Chief Operating Officer Jo Seed, will be…
Please join LogicSource Chief Executive Officer David Pennino, and Chief Operating Officer Jo Seed, as they present at the Sourcing Industry Group 2020 Global Executive Summit on Wednesday, October 14, where they…
NORWALK, CT – In so many ways, the world we have known for the past six months looks nothing like the one we’d spent our lives growing so accustomed to. Many are working from home. Leisure activities…
NORWALK, CT – LogicSource is thrilled to announce our inclusion among the 2020 Inc. 5000: Fastest-Growing Private Companies in America, coming in at #3,773 for our inaugural inclusion on the prestigious list. A list we hope to continue…
NORWALK, CT – LogicSource, a leading sourcing and procurement services firm, is pleased to announce the addition of three new members to its Advisory Board, welcoming Steve Dark, Steven Fox, and Joe Magnacca.
A diverse group of experienced industry professionals…
NORWALK, CT – Every business wants to reshape its market, rip up the rulebook, and leave competitors in the proverbial dust. That drive is the engine behind entire economies, and reveals the fundamental necessity of change for achieving success….
NORWALK, CT – LogicSource, the innovative sourcing and procurement leader, is pleased to announce a multi-year agreement with Rite Aid Corporation to drive profit improvement by lowering operating and capital expenses for goods and services not-for-resale (GNFR). The partnership…
Much like the global COVID-19 pandemic, businesses that intend to weather this storm need a cure, not a band-aid. It’s incumbent upon all business leaders to look into every opportunity to reduce costs while also assuring a consistent supply…
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…
NORWALK, CT – Colored strands of bulbs cast a warm glow over the desks and dividers. Garland and tinsel are festooned on tables and banisters. The faint hum of Christmas carols cascades from the rafters like soft…
A leading health and wellness retailer had a problem. As part of a national rebranding effort, the company was rolling out a new store concept and design across its 700+ US locations. It was a massive, long-term project that…
NORWALK, CT – This Halloween, LogicSource was thrilled to host its 2nd annual Halloween Costume Contest! The weather was its own monster this year, but that was no match for the LogicSource team. Employees showed out in…
NORWALK, CT – A multibillion-dollar retailer achieved 29% savings on its annual waste management program as part of a comprehensive procurement solution developed by LogicSource®, the innovative sourcing and procurement leader.
The highly successful national retailer had enjoyed an…
NORWALK, CT – In a partnership with a multibillion-dollar apparel retailer, LogicSource, the sourcing and procurement leader, delivered 39% in annual signage savings as part of a comprehensive procurement solution to drive profitability across the retailer’s business.
Through their frequent…
NORWALK, CT – Each spring we’re reminded of the opportunities and the impact that success in Q2 can have in helping the business gain serious momentum towards its yearly goals.
For LogicSource, Q2 was no different, with team members across…
NORWALK, CT – The sun was hot and high and the dog-days of summer were in full swing, but that didn’t stop the fun last week, as the LogicSource team came together to relax and soak up…
NORWALK, CT – LogicSource®, the innovative sourcing and procurement leader, recently delivered 47% in annual Telecom savings for a national specialty retailer as part of a comprehensive indirect procurement solution to drive operational efficiencies and profit improvement across their…