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Insight Sourcing Group Names Jay Black as Vice President of GPO Practice
ATLANTA, Georgia — April 5, 2017 — Insight Sourcing Group, the largest boutique consulting firm in North America focused on cost optimization and procurement-related services, is excited to announce and welcome Jay Black who has joined the company as Vice President to lead its rapidly-growing consortia business.
“A consortia strategy is a valuable asset for any procurement organization looking to drive rapid savings in targeted spend areas,” said Tom Beaty, CEO and founder of Insight Sourcing Group. “We’re excited to have Jay on board to help guide this rapidly growing sector of our business. He has an incredible track record of helping companies of all sizes implement and deploy group purchasing programs, and I know he will deliver the same success for Insight Sourcing Group’s customers.”
“I am incredibly excited to join the leadership team at Insight Sourcing Group and energized by the market opportunity resulting from the strategic investments, innovation, and client-centric execution inherent in this organization,” said Black. “Specific to group purchasing, we are uniquely positioned to deliver a best in class product that delivers long term value for our clients and supplier partners through the integration of our already successful GPO and the award winning spend visibility and category management powered by SpendHQ. Couple this with our strategic sourcing, procurement transformation, and enterprise energy solutions, and you have something very special and relevant that fuels our clients’ success.”
Jay has over 16 years of experience in value creation for his clients. He joins Insight Sourcing Group from CoreTrust, a group purchasing organization (GPO) for large corporations and private equity firms with multiple enterprise portfolios, where he served in both domestic and international operations roles. Prior to CoreTrust, he managed the partnership between Sprint and some of the countries largest healthcare providers, leveraging GPO relationships and implementing cost-reduction measures.
About Insight Sourcing Group
Insight Sourcing Group is the largest boutique consulting firm in North America focused exclusively on Strategic Sourcing and procurement-related services. The firm has developed a reputation for the collegiality and high caliber of our team, our tremendous focus on client results, our entrepreneurial and innovative approach to the space, and for our ability to consistently deliver strong outcomes.
Founded in 2002, the firm works with senior executives and procurement leaders to accelerate Strategic Sourcing savings, increase Spend Visibility, provide category intelligence, and implement procurement best practices. Insight Sourcing Group has worked with hundreds of corporate clients of all sizes and over 50 Private Equity firms.
Typical client results include 20% average savings per indirect spend category, 5 – 15% for direct spend categories, 400 – 600% first-year return on investment, and project payback periods measured in months.
Insight Sourcing Group offers consortia programs for Office Supplies and Janitorial Supplies, Office Equipment and Advanced Services, Auto Rentals, and Maintenance, Repair, and Operations (MRO) Supplies.
