INDIANAPOLIS, Ind. (July 28th, 2010) — HedgeHog e-Procurement Solutions,
a full-service strategic sourcing consulting and solutions provider, announced that
it is helping the State of Ohio reduce procurement costs across state government
by as much as twenty-five percent. These initial results demonstrate early
success in a program that is designed to help the state save $35 to $70 million
each year on a $700 million annual spend.
“HedgeHog
was selected by Ohio’s Office of Procurement Services (OPS) to help with a
state initiative to reform procurement and cut costs statewide”, said Jemin Patel, president and founder of
HedgeHog. “We have been working shoulder-to-shoulder with the OPS team to analyze
all aspects of the state’s spend and implement strategies, tactics and
processes designed to reduce both hard and soft costs. We believe the initial success
is a testament to a holistic approach that delivers value at all stages of the
sourcing cycle and to the team’s unyielding commitment to the success of the
program.”
Since
the initiative launched in the fall of 2008, HedgeHog and the OPS have worked
closely together to define and roll out components of the procurement reform
program. By providing services that help the state analyze and consolidate
spend, streamline RFP creation, improve supplier sourcing practices, reengineer
business and supply chain processes and re-negotiate contracts, the company is
helping the state reduce spend on all purchases—from cleaning supplies to clothing,
pharmaceuticals, cafeteria services and supplies, information technology
hardware, fleet services and more.
About
HedgeHog
HedgeHog e-Procurement
Solutions provides strategic sourcing consulting services, solutions and software
tools that help clients around the world, in both the commercial sector and
federal and state government, achieve unparalleled success in sourcing and
procurement initiatives. The company’s comprehensive, full-service business
model leverages international strategic sourcing expertise, a global network of
service providers and suppliers and powerful on-demand tools to help clients
reduce their overall spend throughout the supply chain and realize a rapid
return on investment (ROI).
Founded in 2000, HedgeHog is privately-held and headquartered in Indianapolis, Indiana, with representatives throughout the United States, India, Brazil, China, Europe and Canada. HedgeHog’s powerful, flexible and
easy-to-use technology solutions are easily customized, to meet unique client,
market and industry requirements. For
more information, call 800.208.2335 or visit www.HedgeHog.com.
