Press Release – Supplier Performance Module on SOURCINGSHARK Technology.
Sourcing Insights Launches Revolutionary Supplier Performance Module on SOURCINGSHARK® Technology The new feature aggregates data on key performance…
leadership
Our leadership team at Sourcing Insights includes sourcing and procurement professionals with decades of experience and proven success.
The Sourcing Insights story began in Indianapolis, Indiana in 2017, when Steven Miller and Karl Andersson brought their respective experiences in analytics and sourcing technology together to fill a need they discovered in the business market.
While working together for another company, the duo was tasked with a goal of analyzing the company’s spending and subsequently finding ways to operate more efficiently and remain focused on results. They quickly realized there wasn’t an effective solution for businesses and organizations of various sizes and types to achieve these same goals.
Although the market was flooded with various tools and options, none of them allowed for the level of customization they needed. Specifically, there was a gap in terms of the usefulness of tools geared toward manufacturing, nonprofit organizations, and the logistics and distribution sectors.
With pain points that typically include a lack of visibility among competitors, inefficient or even outdated technology and procedures for procurement, and a glaring deficiency in the ability to easily track contract compliance, Steven and Karl seized a clear opportunity: provide tech-enabled services and enhance shareholder value by providing procurement guidance that maximizes business performance and drives growth.
Strategy-Driven. People-Focused. Results-Led.
Empowering Smarter Sourcing Through Partnership and Performance
At Sourcing Insights, we believe in the power of collaboration, between our team, our clients, and our technology. Every partnership begins with listening. Every solution begins with insight. That mindset, combined with decades of leadership experience, is what guides us every step of the way.
We aren’t just consultants, we’re problem-solvers who work alongside procurement teams to transform complexity into clarity. From Fortune 500s to nonprofits and manufacturing companies, we help organizations make better decisions with real-time data, full transparency, and scalable solutions.
Our team’s focus is simple: deliver measurable value. Whether we’re guiding strategic initiatives or optimizing day-to-day procurement, we stay accountable to one goal enhancing business performance with smarter sourcing.
leadership
To formalize a collaboration with our members and suppliers to maximize the total cost of ownership in procurement of direct and indirect materials and services.
To enhance shareholder value by providing procurement guidance that maximizes business performance and drives profitable growth throughout the enterprise.
NEWS
Sourcing Insights Launches Revolutionary Supplier Performance Module on SOURCINGSHARK® Technology The new feature aggregates data on key performance…
Recently we touched on the importance of spend visibility for businesses, especially regarding the productivity and efficiency of c-leaders. Leadership teams can leverage this practice to gain insight and implement new processes that benefit business growth.
C-suite leaders need accurate and timely information to make the best decisions for their company. Gaining visibility into how the company spends its money supports these efforts, helping companies identify overspending patterns in procurement before they impact the bottom line.
Over the next few weeks we will be doing a 3 part series discussing some of the features of our world class technology, Sourcing Shark. This week Tyler talks about purchase order vs. non-purchase order spend.
Book a demo today and experience how SOURCINGSHARK can make your data work for you.