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INDIANAPOLIS, Ind. (July 27th, 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.
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