Product Overview
An innovative leader in procurement services and technology, LogicSource is purpose-built to drive profit improvement through better buying.
LogicSource focuses exclusively on the sourcing and procurement of indirect goods and services, which typically represents 20% of an organization's revenue and the area of greatest spending inefficiency. This includes complex categories that organizations typically don’t have the capacity, scale, and expertise for best-in-class buying, including Marketing, Packaging, Store Development & Facilities, Information Technology, Distribution & Logistics, Corporate Services and more.
Unique to the industry, LogicSource invests upfront – using its self-funded Mutual Value Assessment approach – to identify potential value opportunities at no cost or obligation to the client.
LogicSource works with some of the world's most recognizable brands across Retail, Consumer Goods, Healthcare and Financial Services to help them manage their indirect spend more efficiently and cost-effectively. Clients including The Gap, Rite Aid, lululemon, Under Armour, Tractor Supply, DSW, GlaxoSmithKline, Big Lots, The Fresh Market, Titleist, Ocean Spray, Wellspan Health and more.
By combining decades of sourcing and procurement expertise, a world-class supplier ecosystem, superior market intelligence, $85B in cross-portfolio spending leverage and their leading OneMarket Source-to-Pay technology platform, LogicSource drives sustainable profit improvement for some of the world's most recognizable brands.
Specifications
OneMarket Sourcing® events can be directly created from OneMarket Portfolio® projects with the click of a button
OneMarket Contracts® data can link directly to OneMarket Portfolio® projects to inform project pipelines and individual sourcing events
Users can choose from a library of cross-category event prerequisites and RFx templates containing pre-built questionnaires, pricing sheets and spec sheets
Suppliers have a streamlined onboarding and support experience
Users can rapidly upload up to 5,000 contracts at a time and control user access to contract documents where confidentiality is required
Users have advanced functionality to configure triggers and alerts for key milestones within contracts, such as renewal, termination, expiration and price changes