WILLOW GROVE, Pa., May 13, 2013 /PRNewswire-iReach/ -- Source One Management Services, LLC was announced by Supply and Demand Chain Executive Magazine as the recipient of the publication's "100 Award" for conducting one of the "Great Supply Chain Projects of 2013." As a repeat awardee, Source One is recognized for the eighth consecutive year as a supply chain and procurement solution provider that is leading companies to supply chain excellence. Honorees including Source One will be featured in the June 2013 issue of the magazine.
"To have Source One honored for eight straight years by one of the industry's top publications is impressive, and the variety of projects for which we have been recognized for stands as testament to the broadness of scope and effectiveness of work our team can generate for our clients," said William Dorn, Vice President of Operations for Source One Management Services, LLC.
The Supply and Demand Chain Executive 100 award recognizes successful and innovative transformation projects that deliver bottom-line value to small, medium and large enterprises across the range of supply chain functions that industry professionals face today. The supply chain projects featured in this awards program serve as a roadmap for new opportunities to drive operational improvements. The project submissions were evaluated based on the ambitiousness and scope of the project, creative application of technologies and solutions, and the extent of the business results and impact.
"Inclusion in this year's '100' list recognizes an organization's leadership as a solution and service provider in assisting the Supply Chain function and supply chain executives at their customers' and clients' position attain supply chain excellence," said Barry Hochfelder, Editor for Supply & Demand Chain Executive.
This year, Source One was recognized for deploying as an extended procurement department for a large pharmaceutical company, helping them rein in spending and gain a tighter control of their supply chain, while also offering Decision Support to the company's stakeholders. After seamlessly assuming the strategic sourcing role from the company's overwhelmed in-house team, Source One quickly provided the resources to support multiple projects in categories ranging from IT to Marketing & Sale. In the first eight months, Source One has overseen 70 separate projects for this client, analyzing more than 1,000 contracts, managing $28 million in spend, and realizing over $5 Million in savings.. In just a short period of time, the strategic sourcing function has embedded itself in the culture of the organization. Stakeholders and spend owners from all over the world are requesting support from the newly formed Strategic Sourcing and Procurement Center of Excellence.
"The success of this project was largely due to the teamwork between the pharmaceutical company's executive committee and Source One, with excellent support from the stakeholders. As a direct result of Source One's efforts as their strategic sourcing and procurement department, our client was able to utilize best-value suppliers, cut its operating costs, and enjoy savings from existing suppliers," said Joe Payne, Vice President of Professional Services.
Supply & Demand Chain Executive Magazine is the executive's user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. For more information visit www.SDCExec.com.
Source One Management Services, LLC is a leading procurement services consultancy, who has been providing procurement transformation, spend management, strategic sourcing and cost reduction services since 1992. Source One helps organizations reduce the costs for the common and not-so-common products and services that they use daily to run their businesses. Source One's services reduce the overall cost of acquisition through the application of proven sourcing and purchasing strategies, best practices, people and technologies.
Learn more about Source One on the web at www.SourceOneInc.com
Media Contact: Nicholas Hamner Source One Management Services, LLC, 267-913-6253, firstname.lastname@example.org
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SOURCE Source One Management Services, LLC