LogicSource: Elevating the Brand of Sourcing and Procurement
LogicSource, a purpose-built Procurement Services and Technology provider focused exclusively on indirect, or not-for-resale, expenditures has announced the launch of the LogicSource Procurement Council which aims to “elevate the brand of sourcing and procurement”.
LogicSource focuses on goods and services not-for-resale, which typically represent 20% of a company’s revenue and hold great opportunities for improved buying efficiencies.
The LogicSource Procurement Council is an invite-only “Community of Practice” (CoP) for like-minded sourcing and procurement practitioners and leaders looking to discuss industry trends, technologies and market intelligence.
The member-led council will cover topics such as supplier diversity & inclusion, forging relationships between CPOs and CFOs, and leveraging new and innovative Procurement technologies. Current members consist of industry veterans from leading brands such as IBM, Nordstrom, Target, and 21st Century Fox.
“The pace of change in the procurement industry is accelerating daily, and it’s becoming increasingly difficult for industry leaders to stay up to speed on the latest trends and technology,” said Sam Vail, managing partner of LogicSource’s OneMarket technology solution.
“The LogicSource Procurement Council is an opportunity to bring together like-minded professionals to address critical procurement challenges and discuss important strategies to overcome barriers and elevate procurement’s critical role in business operations. It’s our mission to provide our members with the market intelligence, best practices and technologies they need to reduce costs, empower their procurement teams, and demonstrate their value to stakeholders”.
Membership benefits include:
- leadership and networking events
- ad-hoc sessions with LogicSource experts
- a complimentary instance of LogicSource’s OneMarket Portfolio sourcing project management software
- opportunities for career development
Procurement professionals interested in joining the LogicSource Procurement Council can email John DeMattia ([email protected]) for more information.
VMware hires former GSA procurement leader Nakasone
VMware, an American cloud computing and virtualisation technology company, has announced that Keith Nakasone, former Procurement Leader for the GSA, will be joining them as a Federal Strategist. Nakasone is due to start the role later this month.
Nakasone, who left the GSA at the end of May, will take on “new responsibilities” under the management of Cheryl Thornton-Cameron, Executive Director of ITC Schedule Contract Operations at VMware. He will, however, report to the company’s Government Strategy and Innovation Leader, Peter Romano.
Prior to his role at the GSA, Nakasone held several senior procurement roles at both the Federal Communications Commission and the Defense Information Systems Agency. The GSA earlier this month released an industry consultation over plans to issue a multiple-award cloud blanket purchase agreement in line with a government-wide acquisition strategy.
He has also worked for the Tripler Army Medical Centre, and during his time at the GSA, oversaw 300 procurement personnel and contracts valued at more than US$30bn per year.
What is the GSA?
Founded by former U.S. President Harry Truman in 1949, the General Services Administration (GSA) is an independently run agency of the United States government which helps to manage and support the basic functions of federal agencies.
It supplies products and communications for U.S. government offices as well as provides transport and office space to federal employees. It also engages in cost-minimising policies and other management tasks, employing around 12,000 staff. The GSA’s annual budget is around US$20.9bn, while its total procurement budget is around US$66bn annually.
The GSA was formed after President Truman asked former president Herbert Hoover to take command of the Hoover Commission and make recommendations to reorganise the operations of the U.S. federal government. One of these was to establish an “office of the General Services” to combine the responsibilities of the Bureau of Federal Supply, the Office of Contract Settlement, the National Archives Establishment, and all operations within the Federal Works Agency.
As a result, this led to the formation of the General Services Administration.