LogicSource
LogicSource provides procurement services and technology solutions focused on indirect expenditures, offering a fully integrated Source-to-Pay platform called OneMarket.
Services
LogicSource provides procurement services and technology solutions with a focus on indirect expenditures. The company's offerings include procurement managed services, helping clients manage critical components of sourcing and buying. LogicSource also offers a centralized buy-desk for rate card optimization and tactical sourcing value. Clients benefit from detailed analytics and reporting on all aspects of the procure-to-pay process.
Products
LogicSource offers a fully integrated Source-to-Pay technology platform called OneMarket. OneMarket includes modules for Insights, Portfolio, Sourcing, Contracts, and Procure-to-Pay. The platform provides a centralized view of contracts and focuses on procurement needs. It supports detailed analytics and reporting, helping clients optimize their procurement operations with a robust digital toolkit.
Industries Served
LogicSource serves a variety of industries, including retail, consumer packaged goods (CPG), healthcare, and financial services. In healthcare, the company helps clients address non-clinical expenditures, typically amounting to 20% of annual revenue. For financial services organizations, LogicSource's procurement solutions drive cost reductions and efficiencies. The company supports a supplier ecosystem tailored to the unique needs of its aggregated client base.
Cost Savings and Financial Impact
Clients working with LogicSource can achieve an average of 7-15% savings across all indirect expenditures. The company's procurement services and technology solutions contribute significantly to this outcome. By managing over $85 billion in spend and pricing data, LogicSource leverages its expertise to deliver substantial cost savings for its clients.
Procurement Technology and Assessment
LogicSource provides procurement technology and shared-service resources that offer category expertise and market intelligence. The company offers a no-cost Mutual Value Assessment (MVA) to evaluate clients' procurement operations. This assessment helps identify opportunities for improvement and cost savings, aligning with LogicSource's mission to optimize procurement activities.