Explore how we help companies become
more profitable day-in and day-out.
Companies buy lots of goods and services to be in business
Typically, they focus their resources on buying the things they ultimately sell to their customers.
They tend to focus less on buying well in other areas—the things that enable them to sell, better known as indirect goods and services. Things like:
They tend to focus less on buying well in other areas—the things that enable them to sell, better known as indirect goods and services. Things like:
Marketing
Packaging
Information Technology
Corporate Services
Facilities
Distribution & Logistics
Store Development
Yet purchases in these areas — the things that enable you to sell — can represent up to 20% or more of total revenue for a business. That’s why there are substantial profit improvements to be had.
You need five things to buy well.
You need people.
Capable, experienced, accountable people for both fixed and variable work-loads
You need process.
Clarity and order in all aspects of how work gets done
You need technology.
Transparency, speed and governance from concept to purchase
You need a supplier ecosystem.
A network that delivers against your business requirements now and in the future
You need leverage.
Volume and frequency to command best-in-market pricing
How does your organization stack up?
Our experience is that most companies have some of these, but none have all five.
Procurement as a service
LogicSource is a service — a buying utility — encompassing all of the critical components of successful buying into a solution configurable to your needs.
This delivers material benefit across four critical areas.
Economic Value
Profit enhancement:
7-15% average savings across all indirect expenditures
Price protection:
Over $200 billion in managed spend and pricing data, growing by billions each year
Time
Process efficiency:
15-30% reduction in critical project timelines across key indirect categories, including a four-week reduction in overall sourcing timelines
Risk
Supplier management:
Proven and repeatable approach for supplier onboarding, performance management, contingency planning and continuous improvement
Innovation
Client-based insights:
Multi-client, cross-industry knowledge and insights that generates ideas and best-practices beyond our clients’ primary field of vision
How it works
Our buying utility provides resources and technology that would be cost-prohibitive for you to build on your own. We don’t just identify – we do the critical work and deliver day-in and day-out.
1. We bring technology.
Built specifically for Procurement users by our teams of expert practitioners, our OneMarket Platform brings together a range of technology modules that cover the entire Source-to-Pay lifecycle, enabled with the critical market intelligence and benchmark information needed to effectively source and procure across the indirect landscape.
2. We bring people.
Our shared service centers include highly focused category experts that we deploy across our portfolio of clients, allowing us to bring a broad range of market intelligence and cross-industry experience to drive innovation and cost reduction.
Our client onsite teams work as an extension of our shared service centers to ensure that spending is transacted per agreed pricing and policy, and that fast-turnaround and spot-buy projects are purchased cost-effectively and efficiently.
3. We bring process.
We deploy solution and efficiency experts who engage our clients at the outset to streamline processes to get the work done.
4. We bring a supplier ecosystem.
Our supplier ecosystem comprises a broad range of manufacturers and service providers (many of whom were previously incumbents at our clients) to support the needs of our aggregated client portfolio. Suppliers are core to our business, and we maintain relationships at the executive level with preferred status to ensure that you receive high-quality products and services at below-market pricing.
5. We bring leverage.
Our cross-client spending leverage and market intelligence drive cost reduction, price protection, preferred service levels and quality assurance for you and every client we serve.
How we get started
We begin by investing in you. We risk our time, money and resources to show you what is possible.
In five weeks or less, our engagement will identify any areas where substantial, attainable and measurable improvements can be made.
Is the investment worth it?
We have a 93% conversion rate, with our clients typically achieving a 4-20x ROI.