Initiative aims to drive savings throughout North America, Latin America and Europe, targets multiple indirect categories
Philadelphia — October 17, 2006 — Telecommunications company Global Crossing has inked a deal with ICG Commerce for procurement services as part of an initiative to drive savings throughout North America, Latin America and Europe by targeting multiple indirect spend categories.
Global Crossing has been working to achieve key milestones in its business transformation through careful financial management, including a company-wide focus on achieving sustainable cost reductions and process improvements. The company recognized the opportunity to improve financial performance by expanding its procurement efforts and capabilities.
In support of this effort, ICG Commerce has been engaged to provide strategic sourcing and implementation services for key global product and service categories. Global Crossing will leverage ICG Commerce's dedicated category and process specialists to help maximize procurement cost savings for operations in North America, Latin America and Europe.
Accelerating Savings
"By harnessing ICG Commerce's resources and experience, Global Crossing will be positioned to address procurement in an accelerated timeframe," said David Showerman, vice president of real estate and vendor management for Global Crossing. "We are confident ICG Commerce's experience and supply market knowledge will assist us in achieving our savings targets."
ICG Commerce said that the addition of its sourcing and implementation services to Global Crossing's procurement organization will provide access to deep category specialists, supply market and pricing insights and supplier implementation methodologies for key categories including IT, telecommunications, marketing, air travel and hotels, personnel recruiting, training and others.
Said Carl Guarino, CEO of ICG Commerce, "We look forward to partnering with [Global Crossing's] procurement team to help them to drive continued savings and maximize the value of their spend in support of the company's growth and profitability goals."
Additional Articles of Interest
— Find out why service contracts are hard to manage and what you can do about it. Read "A New Competency: Effective Services Contracting," an SDCExec.com exclusive feature.
— Four enablers must be addressed to ensure a successful roll-out and savings over the lifetime of your company's strategic sourcing project. Find out more in "Sustaining Strategic Sourcing Wins," only on SDCExec.com.
Philadelphia — October 17, 2006 — Telecommunications company Global Crossing has inked a deal with ICG Commerce for procurement services as part of an initiative to drive savings throughout North America, Latin America and Europe by targeting multiple indirect spend categories.
Global Crossing has been working to achieve key milestones in its business transformation through careful financial management, including a company-wide focus on achieving sustainable cost reductions and process improvements. The company recognized the opportunity to improve financial performance by expanding its procurement efforts and capabilities.
In support of this effort, ICG Commerce has been engaged to provide strategic sourcing and implementation services for key global product and service categories. Global Crossing will leverage ICG Commerce's dedicated category and process specialists to help maximize procurement cost savings for operations in North America, Latin America and Europe.
Accelerating Savings
"By harnessing ICG Commerce's resources and experience, Global Crossing will be positioned to address procurement in an accelerated timeframe," said David Showerman, vice president of real estate and vendor management for Global Crossing. "We are confident ICG Commerce's experience and supply market knowledge will assist us in achieving our savings targets."
ICG Commerce said that the addition of its sourcing and implementation services to Global Crossing's procurement organization will provide access to deep category specialists, supply market and pricing insights and supplier implementation methodologies for key categories including IT, telecommunications, marketing, air travel and hotels, personnel recruiting, training and others.
Said Carl Guarino, CEO of ICG Commerce, "We look forward to partnering with [Global Crossing's] procurement team to help them to drive continued savings and maximize the value of their spend in support of the company's growth and profitability goals."
Additional Articles of Interest
— Find out why service contracts are hard to manage and what you can do about it. Read "A New Competency: Effective Services Contracting," an SDCExec.com exclusive feature.
— Four enablers must be addressed to ensure a successful roll-out and savings over the lifetime of your company's strategic sourcing project. Find out more in "Sustaining Strategic Sourcing Wins," only on SDCExec.com.
- More articles about ICG Commerce.
