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Strategic Sourcing
  February 14, 2007, 1:00pm - 3:00pm ET

Building Collaborative Networks in Strategic Sourcing

SPEAKERS FOR THIS EVENT:
- Subs Tripathy, Associate Director, Strategic Sourcing, Novartis
- Ronald D. Southard, President & CEO, Intesource, Inc.

 

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A Practical Approach to Achieve Savings Through Contract Consolidation And Streamline Procurement

 

Strategic sourcing takes a fresh look at how companies purchase products and services. The goal is to achieve cost savings by streamlining procurement activities through renegotiating, consolidating and automating contracts, while strengthening supplier relationships.

 

Strategic sourcing transforms relationships with direct and indirect suppliers into strategic partnerships, creating productivity gains and operational efficiencies for the company. It is crucial to establish reliable and long-term relationships with suppliers to optimize the partnerships and to maintain a competitive advantage. 

 

Procurement and purchasing executives share their thoughts and best practices on strategic sourcing: streamlining corporate purchasing policy to lower costs, improve overall efficiency of spend management, increase profits, and develop better supplier relationships.

 

Take away points include:

  • Streamlining the strategic purchasing process for hard dollar savings and operational standardization
  • Collaborative approach to cost reduction within marketing, production and supply chain divisions with suppliers/ Partners
  • Creating global sourcing partnerships for low-cost country sourcing.
  • Gaining visibility of your suppliers and procurement processes 
THIS PROGRAM IS INTENDED FOR:

CPOs

Chief Sourcing Officers

SVPs, VPs, Directors of:

 

  • Strategic Sourcing
  • Procurement
  • Logistics
  • Supply Chain
  • Purchasing
  • Global Sourcing

 

SPONSORING PARTNER:
Intesource

Intesource, Inc. provides intelligent sourcing solutions that drive immediate payback of 10 times or more. Our extensive experience and industry expertise enables us to leverage each customer’s unique requirements, processes, people, and resources to deliver, in true partnership, the optimal solution. We meet you where you are — leveraging our full range of services to complement your capabilities to ensure success.

Intesource offers many business-improvement solutions through world-class tools, services, people, and partnership. Key solution areas include:

  • e-Sourcing and Procurement
  • Supplier Assessment
  • Spend Analysis & Spend Management
  • Contract Management
  • Replenishment – Meat, Fuel, Produce
  • Professional Services
  • Account Services, including business discovery services, business value assessment services, performance reporting, and scorecards
  • Event Services, including consultation, discovery, and execution of sourcing events, training, and reporting
  • Systems Integration
  • Order Fulfillment
  • Invoice and Payment
  • “We have saved our customers over $1 billion.”

Intesource

The Click Commerce Contract and Service Management solution, recently acquired from Elance, Inc., is the most widely-used solution for contract and service management, eliminating the headache and delivering tangible value for leading enterprises. Today, more than 200,000 employees at American Express, BP, FedEx, GE, Motorola, Novartis and other leading companies use the Click Commerce Contract and Service Management solution to find, evaluate, purchase, manage and pay for services and contingent labor, delivering several primary benefits:

  • Compliance with key policies and guidelines related to contingent labor employment
  • Visibility into spend volumes, supplier performance, and efficiency
  • Performance improvement, driving increased responsiveness, focus and quality from your services providers
  • Up to 20% savings, through a combination of error elimination, application of master services rates, volume discount capture, maverick spend reduction, and strategic sourcing from key suppliers http://www.clickcommerce.com/
    ABOUT OUR SPEAKERS:

    Subs Tripathy, Associate Director, Strategic Sourcing, Novartis   

    Subs Tripathy heads the Sourcing Solutions group within Novartis Pharmaceuticals Strategic Sourcing.He is responsible for the systems, processes and policies within Strategic Sourcing. These include implementation, rollout and adoption of eProcurement, eSourcing, Contract Management, Savings and KPI Reporting within Novartis.

    Prior to joining Novartis, Subs has worked in the eProcurement domain in Alcoa and various consulting assignments in Japan, Europe and India. He has an MBA and a Masters in eBusiness


    Ronald D. Southard, President & CEO, Intesource, Inc     

    Ron joined Intesource in April 2006, bringing with him 30 years of experience working in the retail industry. Formerly the Executive Vice President at Trax Retail Solutions, he has developed extensive knowledge in the areas of business strategy, sales and marketing. Prior to contributing to the exponential annual revenue increase at Trax, Ron began his career in retail management following which he devoted 25 years of his career to NCR, eventually serving as the Vice President and General Manager of the NCR Global Checkout Software business unit. Ron holds Bachelor of Art and Bachelor of Science degrees from Bridgewater State College in History and Psychology, respectively and has also completed certificate programs at the American School of International Management. Ron is also a certified inventory management specialist.

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