In many companies, there is a disconnect between financing and procurement departments which leads to disputed reports and misrepresented numbers
Willow Grove, PA (PRWEB) May 05, 2012
William R. Dorn, Jr. and Joseph Payne, of Source One Management Services, LLC and co-authors of “Managing Indirect Spend: Enhancing Profitability Through Strategic Sourcing,” will present “Effectively Measuring and Reporting Cost Savings” at SYNERGY 2012 on day two of the conference, May 15, 2012, at The Scottsdale Plaza Resort in Scottsdale, Arizona. This conference, hosted by Corporate United, features experts in sourcing, procurement, economics, and more who will share expert advice.
“To provide sustainable savings, procurement and sourcing professionals need adequate communication and improved data and compliance tracking. In many companies, there is a disconnect between financing and procurement departments which leads to disputed reports and misrepresented numbers,” said Payne, Vice President of Professional Services.
“Our presentation will define types of cost savings and provide measurement tools, including the process of developing meaningful reports. We will also review ‘Next Practices Reporting’ including compliance and lost savings reports and we will highlight sustainable tracking tips as well,” said Dorn, Vice President of Operations.
As the nation’s largest group purchasing organization, Corporate United takes great pride in providing its stakeholders with a robust forum each year to learn, share best practices and network. SYNERGY 2012 will provide attendees the opportunity to learn from some of today’s most innovative supply chain executives. The conference will include educational sessions led by noted industry experts, an opportunity to meet with suppliers, networking sessions, and social events. Visit the event’s website to register.
Dorn leads change management, efficiency improvements and technology selection and development for Source One and its clients. His areas of expertise include strategic sourcing, manufacturing, business process reengineering, and technology. He has extensive experience in large scale projects for Fortune 500 and other large institutional clients. Dorn holds a Bachelor’s Science Information Technology, focused on Business Systems Analysis, and an Associate’s degree in Electronics Technology and Mechanical Engineering. He is a certified Six Sigma Black Belt.
Dorn co-authored “Managing Indirect Spend: Enhancing Profitability Through Strategic Sourcing,” published by John Wiley & Sons in 2011. He is the blog master and frequent contributor to the StrategicSourceror.com blog and is the driving force behind the development of the world’s only free e-sourcing platform, http://www.WhyAbe.com.
Payne helps companies reduce costs and manage change. He leads a team of project managers and analysts, developing insights into the challenges organizations face when undertaking initiatives to reduce costs through strategic sourcing and negotiation best practices. His areas of expertise include strategic sourcing, supplier relationship management, business process reengineering, and financial reporting. Payne has extensive experience helping Fortune 500 companies and mid-market organizations implement sustainable cost savings programs. Payne holds a Bachelor's Degree in Operations and Information Management from the University of Scranton.
He co-authored “Managing Indirect Spend: Enhancing Profitability Through Strategic Sourcing,” published by John Wiley & Sons in 2011.
Source One Management Services, LLC is a leading procurement services consultancy, who has been providing procurement transformation, spend management, strategic sourcing and cost reduction services since 1992. Source One helps organizations reduce the costs for the common and not-so-common products and services that they use daily to run their businesses. Source One’s services reduce the overall cost of acquisition through the application of proven sourcing and purchasing strategies, best practices, people and technologies.
Learn more about Source One on the web at http://www.SourceOneInc.com