Company Profile: ICG Commerce, the leading procurement solution provider has built a specialized infrastructure dedicated to helping companies optimize indirect spend and drive bottom line savings that strengthen their businesses. ICG Commerce is a privately held company and member of ICG’s (Nasdaq: ICGE) network of partner companies. Provide services and support to clients with global operations in over 47 countries and 21 languages.
Managed Spend: Manage more than US$17 billion in annual spend (direct & indirect spend) for clients. More than 250 sourcing and procurement professionals with deep expertise in various sourcing and procurement categories. Over 20 active comprehensive outsourcing clients (managing multiple processes and categories on a multi-year basis
Sourcing & Category Management: Strategic sourcing including supplier and contract implementation, operations management eSourcing technologies, RFI templates, supplier database, price benchmarks. Compliance Management, Order Assistance, Procurement Help Desk, Accounts Payable Support, Vendor Maintenance, Content Management/supplier catalogs, Supply-Market Monitoring and Reporting , Price Management, continuous cost improvement, etc.
Locations: ICG Commerce PO delivery locations include King of Prussia, North America, London, U.K., Hyderabad, India, Shenzhen and Qingdao, China
Category Expertise: Management of all indirect & direct categories across all industry verticals. Indirect costs like IT/Telecom, Marketing, Logistics, MRO, Professional Services, Financial Services, Utilities, Travel and Capital Equipment. Direct costs like packaging materials, metals, chemical and gases, fertilizers, capital equipment, etc. Sourcing expertise in more than 300 categories.
Key Clients: Symantec, Kimberly-Clark, Whirlpool, Hertz, Goodyear, Greif, Cameron, Pinnacle Foods, Chiquita, TEVA Pharmaceuticals , Elizabeth Arden, Doosan, The Clorox Company etc.
Vertical & Geography Mix: Manufacturing is the dominant vertical followed by CPG, Hi-tech, Retail, Telecom, Airlines, Pharmaceutical, Utilities, etc. North America followed by Europe, Asia Pacific are the key geographies.
PO related Activities:
Acquisitions:
2011 ICG Commerce acquired, Neuwing Energy Ventures, a provider of financially focused and environmentally responsible energy strategies.
Partnerships: ICG Commerce has collaborative partnership with Genpact and offers clients Source to Pay solutions.
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