SOURCE: Silver Oak Solutions

July 28, 2005 13:20 ET

Silver Oak is Recognized as a "Top Solutions Provider" by Supply & Demand Chain Executive Magazine

BOSTON, MA -- (MARKET WIRE) -- July 28, 2005 -- Silver Oak Solutions, a leader in spend management, was recognized as one of the top supply chain solution enablers in the "2005 Supply & Demand Chain Executive 100." Each year Supply & Demand Chain Executive magazine searches for solutions providers who are "putting innovative supply chain technology and services to the test for real-life, successful results." This year, the magazine conducted its search for the 100 by talking to the end users -- companies from various industries that are actually using these solutions providers to transform their supply chains.

Silver Oak made the list after a comprehensive search by the magazine's judging panel, who "sought innovative solutions that represent supply chain challenges." This commendable recognition results from Silver Oak's innovative spend management efforts at a Fortune 150 diversified conglomerate, where Silver Oak delivered PRISM®, its proprietary spend analysis technology, as well as strategic sourcing solutions that resulted in a 7 to 1 return on investment.

"Around the country, chief executives in business and government have put up 'help wanted' signs in their search for innovative strategies to cut costs without diminishing the quality of service," explained Dean Dorman, president and chief executive officer of Silver Oak. "Silver Oak's full lifecycle supply chain solutions of identify-create-sustain, including their market leading compliance solution, is providing much needed support to many of these executives."

In addition to this recognition, the magazine also recently honored John West, Silver Oak's chairman and founder, as one of the "2005 Pros to Know" in its February/March issue. Mr. West received this honor for Silver Oak's pioneering application of private sector supply/demand chain management technologies and practices in a statewide government environment.

Silver Oak's unique spend management solution for the public sector called, Leveraged Purchasing Power®, has reformed procurement for state and local governments. Leveraged Purchasing Power® applies best practices in spend management to government organizations, practices that have traditionally been used only by Fortune 1000 firms. By improving the way government conducts procurement and by creating millions of dollars in savings, Silver Oak's leadership and vision have helped the public sector achieve best value, while spending fewer taxpayer dollars.

Supply & Demand Chain Executive is a bi-monthly magazine for supply and demand chain management professionals.

About Silver Oak Solutions

Silver Oak Solutions (www.silveroaksolutions.com) is a leading provider of spend management solutions that identifies, creates and sustains measurable cost savings in procurement spend. It provides comprehensive, flexible approaches by combining rigorous strategic sourcing processes, in-depth supplier industry expertise and advanced procurement technologies. Silver Oak is the pioneer and leader in applying spend management techniques to state governments.

Silver Oak's services cover the various aspects of executing spend management, including spend analysis, strategic sourcing, supply chain and process advisory, compliance and savings monitoring, and procurement training -- all of which are tailored to drive profitability for corporations and budget compliance for state and municipal governments. Silver Oak's sourcing professionals have analyzed over $230 billion of purchased expenses across more than 90 clients using its spend analysis software, and have helped 114 clients achieve more than $1.9 billion of recurring annual cash savings on a reviewed expense base of over $10.7 billion in annual spending across more than 150 direct and indirect expense categories. Today, Silver Oak has offices in Boston, New York, Philadelphia and San Francisco, and serves clients in both private and public sectors.

Contact Information

  • Contact:
    Brian Selander
    Silver Oak Solutions
    Email Contact
    (610) 680-1200