We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » LogicSource Enhances its OneMarket Source-to-Contract Capabilities
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

LogicSource Enhances its OneMarket Source-to-Contract Capabilities

LogicSource Enhances its OneMarket Source-to-Contract Capabilities
January 11, 2022
No Comments

NORWALK, CONN. – January 11 – LogicSource, the leader in procurement services and technology, today announced a range of enhancements to its OneMarket technology platform and the modules encompassing the Source-to-Contract lifecycle: OneMarket Portfolio®, OneMarket Sourcing® and OneMarket Contracts®. These modules empower users with one fully integrated toolset to automate and accelerate the sourcing process, providing a command center for all aspects of a sourcing project pipeline, real-time savings and value projections, proven RFx tools and templates and a searchable repository for all contract data.

LogicSource's enhancements to the OneMarket Source-to-Contract modules include a fully integrated user experience between tools, upgraded online support, a library of pre-built RFx templates and the integration of contracts data into the sourcing pipeline process.

Noteworthy Source-to-Contract enhancements include:

- OneMarket Sourcing® events can be directly created from OneMarket Portfolio® projects with the click of a button
- OneMarket Contracts® data can link directly to OneMarket Portfolio® projects to inform project pipelines and individual sourcing events
- Users can choose from a library of cross-category event prerequisites and RFx templates containing pre-built questionnaires, pricing sheets and spec sheets
- Suppliers have a streamlined onboarding and support experience
- Users can rapidly upload up to 5,000 contracts at a time and control user access to contract documents where confidentiality is required
- Users have advanced functionality to configure triggers and alerts for key milestones within contracts, such as renewal, termination, expiration and price changes

The expanded capabilities roll out as Deloitte finds CPOs are wrestling with value delivery challenges that demand greater efficiency. The Source-to-Contract enhancements fuel OneMarket's ability to simplify and accelerate sourcing programs and results for procurement teams, while providing the tools and reporting to effectively showcase their strategic value.

"LogicSource invested in its OneMarket Source-to-Contract capabilities following a global pandemic that forced CPOs to mine their contract portfolios, negotiate with suppliers and execute new sourcing opportunities in a completely virtual world," said David Pennino, CEO and founder of LogicSource. "The optimized solution is critical for procurement leaders as they strive to meet a growing list of expectations, including reducing costs, driving innovation and diversity initiatives and effectively managing risk."

OneMarket's Source-to-Contract solution includes three of five modules that make up LogicSource's OneMarket Technology Platform, a fully integrated SaaS platform fueled with expert procurement services and market intelligence. The purpose-built technology platform provides business leaders with a new agile approach to enabling and automating the Source-to-Pay lifecycle.

The new enhancements come on the heels of LogicSource's updates to OneMarket Insights®, recognition by Spend Matters as a 2021 "Provider to Watch" and Inc. 5000 ranking celebrating the company's three-year revenue growth of 64%.

To learn more about LogicSource, visit https://logicsource.com/.

About LogicSource
LogicSource is purpose-built to drive profit improvement for its clients through better buying. LogicSource focuses exclusively on the sourcing and procurement of goods and services not-for-resale, which typically represents 20% of a company's revenue and the area of greatest spending inefficiency. Tested time and again in the marketplace, LogicSource's proven engagement model builds profitable partnerships that achieve 4-15x ROI.

Media contact:
Tiffany Murray
logicsource@blastmedia.com

http://www.logicsource.com
Submit your logistics, material handling, or supply chain related company news in Supply Chain Quarterly's's Industry Press Room section or New Products section
Logistics Procurement Technology
  • Related Articles

    LogicSource Announces New Capabilities to OneMarket Insights Data Analytics Platform

    Migros Digitizes Its Source-to-Pay with Ivalua

    Nulogy Launches Production Scheduling Solution Optimizing Production Capabilities for Contract Manu

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Survey: parcel delivery drivers are frustrated by using their own smartphones for work

  • Survey: most Americans unaware that truckers face shortage of parking spaces

  • Best practices in logistics sustainability

  • Supply chain executives not yet seeing expected results from technology investments

  • Postal Service plans to seize items mailed with fake stamps

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Five tips for parcel success in 2023

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing