LogicSource Expands Retail Offerings

Procurement management firm focuses on cost-saving options for retail clients

Norwalk, Conn.—July 17, 2012—Procurement services firm LogicSource—which initially focused on printed materials and related commodities and services—now offers an expanded menu of cost-saving options for clients in the retail industry.

LogicSource offers clients sourcing and procurement of materials for store construction and maintenance including rollout displays; fixtures; lighting; flooring; mannequins; hangers; gift boxes; bags; and exterior signage.

“Our expanded retail capabilities are a natural extension of LogicSource’s offerings as we help clients save 10 to 30 percent on their purchasing,” said David Pennino, President and Chief Executive Officer, LogicSource. “Our retail clients continue to drive us into new categories of both direct and indirect procurement in an effort to reduce SG&A. In addition to our successful focus within sales and marketing operations, this move enables us to add in-store operations to our offerings in both our services and technology businesses.”

LogicSource also added experienced retail industry veterans Jim Burnham and Jennifer Liu to its executive team to work with clients on its expanded service offerings. The firm’s retail industry clients include Michaels Stores, Gymboree and Harley Davidson.

Burnham, Managing Director at LogicSource, will help retail clients improve their return on investment in marketing initiatives; drive increased customer traffic to stores; and utilize savings to increase investment in other multichannel programs. Burnham joined LogicSource from Williams Lea where he served as Vice President and General Manager.

Liu, Vice President, Retail Operations and Vendor Management for LogicSource, will be responsible for identifying and implementing cost-saving programs for clients. She most recently served as Senior Director, Global Procurement at Ann Taylor.

“The backgrounds and experience Jim and Jennifer bring to LogicSource add to our capabilities in providing our clients with proven and innovative ways to manage procurement more efficiently and reduce costs,” said Pennino. “We look forward to them playing important roles in the company as we expand our menu of services.”

The expanded LogicSource retail offerings are built in to the firm’s OneMarket e-procurement software application, which improves the speed and effectiveness of the procure-to-pay process.