Corcentric Details Procurement Help Desk Engagement
The Spend Optimization Experts Discuss Their Flexible Procurement Support Model in New Whitepaper
Willow Grove, PA, July 24, 2018 – The spend management team at Source One, a Corcentric company, outline their new, on-demand Procurement support model in their latest whitepaper titled: Enabling the Business with On-Demand Supply Chain Support. The latest Procurement whitepaper introduces the cost reduction firm’s unique resource model known as Procurement Help Desk offering by exploring a recent example of its success.
The whitepaper details a recent engagement with a large Medical Device Manufacturer. This organization hoped to realize savings and promote supply chain efficiency by moving its manufacturing operations from China to Mexico. Prior to approaching Source One, they had intended to accomplish this by hiring a single Supply Management resource. They soon realized that the task would prove too challenging for even a world-class Procurement professional. After a series of discussions, both parties determined Source One’s Procurement Help Desk model was the ideal solution.
Historically, Procurement has relied on Business Process Outsourcing firms to help boost its capacity. Within world-class organizations, however, Procurement’s strategic nature often makes outsourcing a poor fit. As Source One’s client learned, hiring a full-time resource to meet spikes in demand is often similarly inefficient. The Procurement specialists introduced their Help Desk model to provide a more flexible, customizable alternative to these traditional support systems.
“Today’s highly strategic Procurement teams have a lot on their plate,” says Director Diego De la Garza. “They’re asked to perform a multi-functional role and leverage their expertise to support the entire enterprise. To make things more complicated, the demand for Procurement’s support tends to fluctuate. This can impact the department’s ability to properly allocate its efforts and resources. The Procurement Help Desk is intended to answer these concerns more directly and more effectively than previously possible. For about the cost of a single hire, the Procurement Help Desk provides access to Source One’s full suite of spend management resources. The engagement described in our new whitepaper is just one example of the model’s success.
The nearshoring engagement quickly evolved into a sweeping, multi-layered spend optimization initiative. Over more than two years, Source One and the Medical Device Manufacturer collaborated on over a dozen sourcing initiatives across numerous categories and geographies. Along with thousands in cost savings, the successful engagement also provided the client with more efficient Procurement processes and greater visibility into its supply chain operations. Both promise to inspire more informed decision making into the future.
Enabling the Business with On-Demand Supply Chain Support arrives shortly after the release of Source One’s new eBook exploring Procurement Transformation and the function’s strategic evolution. The spend optimization team also shares their insights every day on their blog, The Strategic Sourceror.
Corcentric is a leading global provider of payments, procurement, accounts payable, and accounts receivable solutions to enterprise and middle-market companies. Corcentric delivers software, advisory services, and payments focused on reducing costs, optimizing working capital, and unlocking revenue. To learn more, please visit corcentric.com.