Webinar: Closing the Gaps in Procurement Technology
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 are not automated at all), resulting in time-consuming workarounds and manual processes; time that procurement professionals don’t have.
Procurement teams can address this challenge by investing in new technology, but technology alone does not solve the problem – gaps remain. Effective implementation is essential to achieving ROI, requiring additional resources. Maintenance of the data within the technology is critical to ongoing adoption and value realization. And technology alone, even when well-implemented and maintained, lacks external market intelligence and price benchmarks to truly enable Procurement teams.
Built by Procurement professionals for Procurement professionals, OneMarket closes these gaps for its procurement customers. With included implementation execution, ongoing support services and market intelligence capabilities, OneMarket ensures effective ROI realization. The combination of these capabilities into a single solution provides procurement teams with a new, comprehensive approach to enabling and automating the Source-to-Contract lifecycle.
LogicSource and OneMarket Chief Operating Officer, Jo Seed and OneMarket Product Manager, Marissa Lindquist were recently joined by Sourcing Industry Group (SIG) for the latest episode of SIG’s Power Hour Webinar Series. In this session, Jo and Marissa highlight the critical gaps across today’s Procurement technology landscape, and why a new, innovative approach combining procurement-focused technology, expert support resources, market intelligence and price benchmarks can provide teams with the solutions they need to elevate the profile and impact of Procurement at their organizations.
The innovative leader in procurement services and technology, LogicSource is purpose-built to drive profit improvement, mitigate risk, and ensure supply chain continuity through better buying. LogicSource focuses exclusively on the sourcing and procurement of indirect goods and services, which typically represent 20% of an organization’s revenue and the area of greatest spending inefficiency. These include complex categories like marketing, packaging, corporate services, facilities, information technology, distribution and logistics and more, for which organizations often lack the capacity, focus and scale to achieve best-in-class buying. Unlike traditional advice-based consultants, LogicSource is a purpose-built buying utility with assets that are configurable to their clients’ needs and ready to deploy. By combining decades of sourcing and procurement expertise, superior market intelligence, cross-portfolio spending leverage, and their OneMarket® Source-to-Pay technology, LogicSource executes customized solutions that deliver immediate savings and sustainable value. For more information visit www.logicsource.com.