Trimming the Fat

The firm's clients run the gamut of Fortune 1,000 companies and private equity firms across a multitude of industries, including manufacturing, retail, financial services, health care, commercial services, and telecommunications. Some representative clients include lululemon, Aaron’s Inc., Under Armor, and many more.

But while Insight Sourcing Group's client base is incredibly diverse, its core skills are portable across industry lines—meaning that clients tend to have similar needs when engaging the firm: the need to improve their sourcing and procurement performance, whether by cutting costs, seeking guidance in a new area, or building the expertise in the first place. Insight Sourcing Group works on such projects from development to execution, often on a global basis.

Teaming Up

The firm's global reach is greatly expanded by Insight Sourcing Group Europe, a joint venture formed with Germany-based pricing, procurement, and supply-chain experts Kerkhoff Consulting. The tie-up allows Insight Sourcing's clients to have access to low-cost, country-specific sourcing expertise throughout the world for U.S.-based companies, and sourcing and procurement services for the U.S. operations of European-based companies. Additionally, Kerkhoff's European clients gain access to Insight Sourcing Group's proprietary spend analysis program, SpendHQ. A win-win scenario for certain.

Spend Smarter

Knowing where your business’ money is going is a challenge for any company, and is a common reason that clients reach out of Insight Sourcing Group. SpendHQ was cooked up in-house as an internal tool for spending visibility that the firm would use to assist its clients. Eventually the product was released to the general market, providing anyone with a tool designed to find opportunities for cost savings within their organization’s financials. The tool even includes a “sourcing professional’s perspective” built into the interface. According to the firm, the tool has analyzed over $1.5 trillion in spending data so far.