LogicSource, Inc.

You are doing it wrong. GPOs are not the magic bullet for cost savings for all expenditures. Our experience working with today’s leading health systems reveals that GPO contracts typically only address between 12-25% of total non-clinical goods and services. The result? Millions in potential untapped savings. For health systems looking to turn their procurement function into a true strategic advantage, finding a partner with proven non-clinical expertise is a great place to start. Read more about it here: https://lnkd.in/gUpwfVcb #healthcare #procurement #nonclinical #costreduction

For years, companies relied on “just-in-time” approaches — keeping costs low, inventory lean, and operations running as smoothly as possible. However, when the unexpected hit (whether it’s port strikes, hurricanes, or geopolitical instability), that efficiency-first mindset revealed its weaknesses, leaving many companies in a state of panic. In a recent Compliance Podcast Network episode, Chair of the LogicSource Advisory Board James H. Gellert joins host Thomas Fox, to discuss how businesses are now shifting from “just-in-time” to a more resilient “just-in-case” approach. This shift toward a future-proof supply chain involves diversifying suppliers, holding extra inventory, and strengthening logistics options. James also highlights the importance of striking the balance between efficiency and stability in the supply chain. Listen to the full podcast to discover more of James’ insights: https://lnkd.in/giNmwRD9? #Procurement #SupplyChainManagement #SourcingStrategies #CostOptimization

What’s the key to building a resilient healthcare supply chain that stands up to crises and promotes sustainability? In our latest episode of Smarter Sourcing, we sit down with Marisa Farabaugh, SVP & Chief Supply Chain Officer at AdventHealth to explore this question and much more. Marisa shares insights on navigating the complexities of supply chain management in healthcare, especially during unprecedented times like the pandemic or severe weather events such as hurricanes. Here are three key takeaways:?? ? Effective strategies for hiring leaders who align with company culture and show potential to drive growth and innovation in supply chain operations. ? Adapting supply chain strategies to ensure essential supplies during the COVID-19 crisis also served as a learning experience and shaped current practices even five years later.?? ?Committing to a reduced carbon footprint and environmental sustainability demands innovation but brings meaningful rewards. Tune in now for more of Marisa’s extensive insights! Full episode: https://lnkd.in/gq_TqAGW ?? Listen on Apple:?https://lnkd.in/gzG95yPb ?? Tune in on Spotify:?https://lnkd.in/gZVgmpyB ?? Watch on YouTube:?https://lnkd.in/gq_TqAGW #SmarterSourcing #sourcing #procurement #datadriven #supplychain

This Veterans Day, we’re taking a moment to honor all who have served and the lasting impact they make on our company and country. At LogicSource, we’re especially proud to have incredible veterans among our leadership and across our teams. They bring exceptional leadership, discipline, and problem-solving skills to everything we do. To our veteran employees: Your commitment to excellence and dedication continue to inspire us all. Thank you for your service to our nation and your continued contributions to LogicSource. #VeteransDay

Is your "cost of doing business" actually costing you millions? For most organizations, managing indirect expenses is not a core competency, yet these overlooked goods and services typically consume more than 20% of total revenue. By tackling indirect spending head-on, you can drive 10%+ savings against an expense base totaling hundreds of millions–or even billions of dollars. But how do you achieve this? We’ve identified five key areas of competencies to get you started on the path to procurement excellence. Download our guide and learn more about how to optimize your indirect spend to drive real results for your business: https://lnkd.in/gsmXW5zW #indirectspend #procurement #costoptimization #businessgrowth

The U.S. spends twice as much for healthcare as similarly wealthy countries, and yet Americans are not seeing better results. Could inefficient management of healthcare expenditures be one of the reasons behind this disparity? In this Health Data Management article, David Kirshner, Managing Partner at LogicSource, breaks down how non-clinical spending can be one of the most promising areas for cost reduction. Check out the full article to discover how streamlining your non-clinical procurement process can unlock significant savings and free up funds that can be reinvested toward patient care and overall financial sustainability. Read now: https://lnkd.in/gfq5yW3m #NonclinicalSpend #HealthcareCosts #HealthcareSupplyChain

LogicSource, Inc. is honored to have been named a Star Performer in Everest Group’s 2024 PEAK Matrix Assessment for the second consecutive year. “Due to its high growth rates, augmentation of onshore category expertise with a nearshore partnership for tactical procurement support, the expansion of capabilities to support the private equity sector, and the enhancement of expertise across IT/telecom, facilities, and contingent labor categories, LogicSource is positioned as a Major Contender and Star Performer in Everest Group’s 2024 Source-to-Contract (S2C) Services PEAK Matrix? Assessment,” highlighted Shirley Hung, Partner, Everest Group. Learn more about this recognition and our leading procurement services and technology solutions here: https://lnkd.in/dkZExeGY #PEAKMatrix #ProcurementExcellence #ProcurementInnovation

In a recent Becker's Healthcare Hospital Review article, John Dockins, Executive Director of Sourcing & Vendor Management for the Cleveland Clinic, shared a new initiative the organization is launching with LogicSource. The initiative is designed to help other health systems free up resources for better patient care and access by optimizing non-clinical procurement. With over two decades of Cleveland Clinic’s sourcing experience, combined with LogicSource’s 15-year expertise in managing non-clinical expenditures, this collaboration will provide timely relief for an industry in financial distress. These efforts leverage procurement best practices and benchmarks from industries outside of healthcare to uncover savings that can rein in over-extended hospital budgets.? Discover more of John’s insights in the full Becker’s article here: https://lnkd.in/gwJkyrCv To learn more about Cleveland Clinic and LogicSource’s collaboration, read on: https://lnkd.in/guNs6qGQ #NonclinicalProcurement #HealthcareSupplyChain #HealthcareSupplyCosts #CostSavings

We’re thrilled to announce that LogicSource, Inc. and our OneMarket technology platform have made the Spend Matters “50 Providers to Watch” list for the 4th year in a row! “The way companies approach procurement is changing daily, and decisions need to keep pace with that evolution,” said Mark Flowers, Partner of OneMarket Technology at LogicSource. “Access to accurate, real-time data—both internal and external, across industries and geographies—is critical for success in today's procurement landscape. At OneMarket, we’re developing the technology that empowers businesses to make informed decisions quickly and stay ahead in this fast-moving environment.” For over a decade, Spend Matters has celebrated the innovators who are pushing procurement forward. We’re proud to be one of the companies reshaping the future with tools and solutions purpose-built for the way modern procurement work is done. Read the full announcement: https://lnkd.in/gNbYxnyM #SpendMatters50toWatch #ProcurementExcellence #ProcurementInnovation