SOURCE: Intesource, Inc.

Intesource, Inc.

February 04, 2014 10:15 ET

Intesource and Family Dollar Renew Sourcing Partnership

Retail Giant Secures Significant New Savings and Supply Chain Value Across the Organization

PHOENIX, AZ--(Marketwired - Feb 4, 2014) - After years of securing double-digit savings in multiple direct and indirect categories, Family Dollar has renewed its sourcing partnership with Intesource, the go-to e-sourcing provider in the retail industry.

Since partnering with Intesource in 2005, Family Dollar -- the variety store chain with more than 8,000 stores nationwide -- has leveraged e-sourcing technology to drive costs down and gain process efficiencies across the entire organization, including within merchandising, store operations, and finance. In 2013, Intesource's e-sourcing platform has enabled Family Dollar to secure double-digit savings for purchases in multiple categories, including:

  • 19 percent savings on store supplies
  • 18 percent savings on store services
  • 13 percent savings on health and beauty items

In addition to achieving significant savings, the partnership helped Family Dollar mitigate cost increases, gain process efficiencies, consolidate suppliers, and lower operational costs.

"With our strategic sourcing initiative, we wanted to achieve more than just savings -- we wanted to transform our supply chain, and the value it provides our organization," said Colin McGinnis, Senior Vice President of Store Operations and Procurement, Family Dollar. "By treating procurement as an enterprise-wide priority, we've secured more meaningful savings and improved the performance of multiple departments -- enabling us to pass more savings along to our customers."

By making e-sourcing faster, easier, and more ingrained in a business' overall procurement strategy, Intesource enables retailers to maximize supply chain value, and secure savings and cost avoidance at an average of 18 percent.

"There are opportunities to secure savings, add value, and streamline processes for nearly every purchase an organization makes -- far beyond typical direct and indirect categories," said Len Kaplan, VP of Sales at Intesource. "As a value-orientated retailer, Family Dollar's customers expect great products at low prices. We help them deliver on that promise."

To find out more about how Intesource can enhance the value your procurement team drives, visit www.intesource.com.

About Intesource

Companies are caught between two opposing goals: drive cost savings or invest in innovation. Both require people, technology, and expertise in a time when resources -- and the skills and time required to source effectively -- are scarce.

Intesource eliminates operational headaches from the sourcing equation by offering the industry's only enterprise wide, unlimited, full-service e-sourcing package. Intesource's turnkey approach to e-sourcing consistently drives double-digit savings without requiring additional staff or process overhauls -- an approach that saves valuable time and frees up staff to focus on strategic initiatives.

With a history of success in the most challenging sourcing climates, and expertise in both direct and indirect categories, Intesource ensures that buyers are getting the best value every single time. Learn more at www.Intesource.com.

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