LogicSource

About LogicSource

LogicSource is a procurement services and technology solutions provider that specializes in the sourcing and management of indirect expenditures, which are goods and services not for resale. The company serves a diverse range of clients across various industries, including retail, consumer packaged goods, and financial services, helping them to reduce costs and improve efficiency in their procurement processes.

Operating primarily in the business process outsourcing (BPO) market, LogicSource offers a hybrid model that combines the expertise of its sourcing professionals with a proprietary technology platform. This platform, known as OneMarket, provides data analytics, sourcing and contract management, and procure-to-pay functionalities. The company's business model is centered on a "sourcing-as-a-service" offering, where it manages the entire procurement lifecycle for its clients. Revenue is generated through a combination of service fees and performance-based incentives, often tied to the cost savings achieved for the client. By focusing on often-overlooked indirect spending categories, LogicSource provides a specialized service that can result in significant bottom-line impact for its customers.