On March 11th, Source One’s Leigh Merz had the pleasure of presenting to Temple University’s Economics Society of the career opportunities within supply management consulting. The Temple Economics Society focuses on providing students a better understanding of Economics in business and a forum for discussing areas of interests and future career exploration. Leigh Merz, a Telecommunications Cost Reduction and Administrative Expense Strategic Sourcing expert, shared with students how the Procurement function supports overarching business goals and a look at the role of a project analyst in supporting client engagements.

During the event, students were eager to learn more about Source One. A few of the questions included:

Why do companies work with procurement service providers?
Organizations turn to companies like Source One with the goal of reducing costs and optimizing overall procurement practices. In some cases, a procurement services provider is used to offset the burdens of an organization’s internal procurement infrastructure. This includes, analyzing a company’s spend to identify areas for cost reduction, executing an RFx to identify best fit suppliers, conducting negotiations, and managing supplier relationships.

What gives Source One an advantage relative to its competition?
Specializing in procurement services, Source One combines market intelligence, staffing augmentation, strategic consulting, and software and tools into a dynamic, effective package for clients. Each client receives a customized approach specific to their organizational needs, executed by category experts. Solely focused on procurement, Source One leverages decades of experience to implement strategic sourcing and procurement best practices that optimize our clients’ supply management operations and impact the bottom line.

How does Source One fit into a client’s organization?

Source One provides procurement decision support- serving as an extension to clients’ existing teams. This saves clients time and resources. Our clients receive a suite of on-demand services including: people, processes, tools, subject matter expertise, and market intelligence necessary for decision support- scalable to project needs. In addition, we’re invested in the success of our clients’ cost cutting initiatives. A major component of Source One’s approach is knowledge transfer. At each step of the sourcing process, Source One provides clients with the training and documentation necessary for repeatable success in the future.

Source One enjoyed the opportunity to engage Temple University’s future graduates on the career paths in procurement consulting and looks forward additional speaking events at the college. Source One’s cost-reduction experts are also gearing up and counting down the days until ISM2016, taking place this May in Indianapolis. Source One is the exclusive sponsor of the Exec IN forum, a private event hosting senior-level supply management executives of top organizations to address the challenges and opportunities specific to large supply chain operations. Source One will also be exhibiting and presenting at ISM2016. Attendees are welcome to meet experts from the procurement services firm by stopping by booth #528. Joe Payne, Source One’s VP of Professional Services, will present a session on managing responsibilities and succession planning in an increasingly contingent workforce.
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