Sourcing Insights Launches Revolutionary Supplier Performance Module on SOURCINGSHARK™ Technology The new feature aggregates data on key performance metrics so businesses can better understand their suppliers. LAFAYETTE, IN – Sourcing Insights is proud to announce the launch of its revolutionary new Supplier Performance Module in SourcingShark™, its proprietary spend analytics software solution. This cutting-edge…
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. Today we wanted to touch on the biggest factors that influence a company’s level of spend visibility. Data Quality:…
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. Procurement visibility is critical for several reasons; most importantly, it reduces costs, helps companies spend…
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. Check it out, and join us next week! Play Video
On November 18 Sourcing Insights alongside Supply Chain Solutions hosted a webinar where we discussed how you can have total control over your spend visibility. If you missed out you can view the 30-minute webinar here! *please note the Zoom video will start around the 1 minute mark.
Sometimes when we do something or talk about something everyday, we take for granted the fact that other people don’t. That said, we wanted to step back and take the opportunity to get back to the basics. Below we have highlighted some of the keywords that we often use in the world of procurement. You…
As you can imagine the simple things at times are the toughest. Naming the platform was one of those tasks. After brainstorming and coming up with hundreds of ideas a decision was made on Sourcing Shark. The reason being we had a like product already developed called Data Shark supporting Technology Insights. Before Sourcing Insights was created,…
In 2016, Steve and Karl began discussing with venture capital firms about using the Consortium model in their industry. It seemed like a perfect fit being able to capture similarities with all the companies being acquired and also have the ability to aggregate the companies spend to show a story behind the numbers. Karl said…
It was the fall of 2001, in Ft Wayne, Indiana as the executive team of Wabash Technologies gathered for dinner after a day long board meeting. The chairman and owner Mr. Dyson, was discussing his portfolio of over 30 companies in the US. The discussion focused on “strategic” purchasing and collaborative supplier relationships. From…
Co-founders Karl Andersson and Steve Miller have known each other for just over a decade. They first met while working alongside one another at publicly traded Wabash National Corporation, a leading manufacturer of aluminum-sided trailers. At the time, Steve served as Vice President of Global Strategic Sourcing, while Karl Andersson was working as the Founder…