E-sourcing: The Big Picture

PHOENIX, AZ--(Marketwire - Apr 10, 2012) - E-sourcing's role is evolving beyond savings within organizations as many companies recognize its full potential.

E-sourcing, a function of procurement, is an enterprise-wide endeavor in many companies today. Realizing the potential advantage of average savings up to 18% on spend, advocates of procurement and sourcing are exploring ways to socialize the impact.

Family Dollar Stores, Inc., a leading discount retailer, painted the big picture of e-sourcing and its influence on their entire business at Innovation '12, an annual best practices in e-sourcing conference hosted by Intesource, Inc.

An Intesource partner since 2010, Family Dollar has worked to revolutionize their purchasing and sourcing departments to encompass the organization as a whole. Brian Olin, Sourcing Manager at Family Dollar, says, "We've partnered with finance and store operations to determine saving goals, measurements, and calculations along with identifying new areas of opportunity."

"When calculating the impact of e-sourcing, we take many factors into consideration," said Bryan Rothmeyer, Director of Indirect Sourcing at Family Dollar. "Some factors include mitigating cost increases, payment terms and rebates, as well as gained operational efficiencies such as process improvement, supplier consolidation, and simply doing more with fewer resources in a reduced time frame. If we only counted 'savings' as a metric of sourcing success, we'd be doing the department an injustice."

Other organizations that have partnered with Intesource include Anna's Linens, Meijer and Wegmans, to name a few. Distributors such as Nash Finch Company and Spartan Stores also use the company's full-service sourcing solution and services.

Intesource offers a full-service, all-inclusive approach to e-sourcing unlike any in the industry. Intesource's team of professionals is dedicated exclusively to the development of custom processes and support services for each partner based on their unique strategic sourcing and procurement initiatives. This approach allows users to become productive within weeks to achieve immediate bottom line results. The Intesource web-based e-sourcing suite allows for complete transparency and control through each step of the process. Intesource also offers contract management and vendor management tools and services designed specifically for the procurement professional.

About Intesource, Inc.
Intesource, Inc. is a provider of web-based e-sourcing solutions and services including reverse auctions, vendor management, and contract management. Serving market leaders, the company delivers superior technology backed by industry-leading, full-service support. Intesource's enterprise solutions integrate with existing processes to deliver high impact results -- a 30 percent improvement in sourcing efficiencies and 18 percent reduction in the cost of goods and operating expenses. For additional information, visit www.intesource.com. Also visit our blog e-Sourcing Society and watch a short 3 minute video.