NORWALK, Conn. , March 1, 2023 /PRNewswire/ — LogicSource, the main supplier of procurement providers and expertise options, right this moment introduced it has been named an “IDC Innovator” by the premier world analyst agency, International Data Corporation (IDC), in its 2023 Procurement and Supply Chain report. IDC’s analysis profiles 5 procurement and provide chain distributors which have developed impactful options that leverage modern applied sciences to supply vital worth for patrons searching for procurement and provide chain options.

LogicSource was featured for its OneMarket® expertise suite, a providers and data-enabled platform automating the Source-to-Pay procurement lifecycle, empowered with pre-built instruments and templates, and fueled with over $65 billion in cross-portfolio spending market intelligence and value benchmarks. Designed by practitioners for practitioners, OneMarket presents industry-leading procurement automation and worth realization in a single built-in platform for the world’s most recognizable manufacturers.

“This is a great time to be a buyer of procurement and supply chain applications. New products are continually being introduced, and established providers are investing heavily in innovation,” stated Patrick Reymann, analysis director, Enterprise and Procurement Applications at IDC. “The themes that we see are ease of use, an enhanced user experience, automation, and AI-driven decision-making tools. The vendors that we profile in this report are tremendous examples of what is possible with today’s SaaS solutions.”

OneMarket’s options empower customers throughout all phases of the sourcing lifecycle, with modules spanning spend analytics, sourcing execution, contracts administration, sourcing efficiency administration, and procure-to-pay in a single platform. Taken collectively, OneMarket gives a simple formulation for procurement leaders and their groups to raise their efficiency and drive larger enterprise worth with enterprise stakeholders.

IDC Innovator reviews current a set of distributors chosen by an IDC analyst inside a particular market providing revolutionary new expertise, a groundbreaking method to an present concern, or an fascinating new enterprise mannequin. The 2023 Procurement and Supply Chain report profiles distributors which are leveraging superior analytics and cloud expertise, and are uniquely targeted on a clear, clear, and intuitive consumer expertise to reinforce procurement and provide chain operations.

This recognition comes on the heels of OneMarket’s inclusion on Spend Matters’ “50 Providers to Watch” listing for the second consecutive 12 months, and its current platform enhancements, which embody a redesigned and fully-integrated consumer expertise throughout its modules, fueled by steady suggestions from professional practitioners, consumer stakeholders, and provider companions.

For extra details about LogicSource and its OneMarket platform, please go to www.logicsource.com.

About LogicSource:
The revolutionary chief in procurement providers and expertise, LogicSource is purpose-built to drive revenue enchancment, mitigate threat, and guarantee provide chain continuity by higher shopping for. LogicSource focuses solely on the sourcing and procurement of oblique items and providers, which generally symbolize 20% of a company’s income and the realm of biggest spending inefficiency. These embody advanced classes like advertising, packaging, company providers, services, info expertise, distribution and logistics and extra, for which organizations usually lack the capability, focus and scale to realize best-in-class shopping for. Unlike conventional advice-based consultants, LogicSource is a purpose-built shopping for utility with belongings which are configurable to their shoppers’ wants and able to deploy. By combining many years of sourcing and procurement experience, superior market intelligence, cross-portfolio spending leverage, and their OneMarket® Source-to-Pay expertise, LogicSource executes custom-made options that ship quick financial savings and sustainable worth. For extra info go to www.logicsource.com.

About IDC
International Data Corporation (IDC) is the premier world supplier of market intelligence, advisory providers, and occasions for the knowledge expertise, telecommunications, and client expertise markets. With greater than 1,300 analysts worldwide, IDC presents world, regional, and native experience on expertise, IT benchmarking and sourcing, and {industry} alternatives and tendencies in over 110 international locations. IDC’s evaluation and perception helps IT professionals, enterprise executives, and the funding group to make fact-based expertise choices and to realize their key enterprise goals. Founded in 1964, IDC is an entirely owned subsidiary of International Data Group (IDG), the world’s main tech media, information, and advertising providers firm. To be taught extra about IDC, please go to www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for {industry} information and insights.

Media Contact:
Colin Gilmore
[email protected]om

SOURCE LogicSource