SOUTHFIELD, Mich., Jan. 3, 2013 /PRNewswire/ -- Today, DSSI, LLC, a leading provider of procurement services, announced it was selected by Faurecia to manage its tail end spend. Tail end spend typically refers to highly fragmented spend purchased through non-strategic, indirect suppliers. DSSI will provide purchasing support to Faurecia's production and R&D locations across the United States, Canada and Mexico.
"In general, tail end spend follows the 80/20 rule with 80% of suppliers accounting for 20% of an organization's indirect spend. Managing the supplier and item information associated with these unplanned transactions can prove costly for most organizations," said Dennis Buckley, Vice President of Operations for DSSI. "DSSI's processes and systems are uniquely designed to support efficient transaction processing in issuing orders and handling payment settlement even across fragmented sourcing environments. This allows client purchasing departments to focus on higher value and more strategic workload."
"Faurecia was looking for opportunities to reduce both transactional and product costs while providing our facilities an efficient and high quality process to handle their one time purchases," said Doug Maynor, Director of Non-Production Purchasing in the Americas for Faurecia. "DSSI was the right solution for us. Faurecia and DSSI will be working together over the next several months to fine tune and integrate processes as part of a longer term relationship, freeing up our buyers to work on more strategic activities."
About DSSI, LLC
DSSI, LLC is the leading provider of procurement services to progressive industrial companies. DSSI provides services in four areas including Strategic Sourcing, Source to Pay, Integrated Supply and Consulting. Based in Southfield, Michigan, DSSI also has offices in Atlanta, Georgia and Louisville, Kentucky. For more information about DSSI, visit www.directsourcing.com.
About Faurecia North America
Faurecia North America had sales of $4.8 billion in 2011. The Group has 37 production sites in the United States, Canada and Mexico and employs more than 17,000 people in the region. It has five technical and development centers, situated in Auburn Hills (2), Holland and Troy, Mich., and in Columbus, Ind., as well as customer centers in Southfield, Mich. and Toledo, Ohio, and a services center in Auburn Hills.
For the latest updates on Faurecia activities throughout North America, connect with the company on Facebook (http://www.facebook.com/faureciaNA), Twitter (http://www.twitter.com/faurecia_NA) and Pinterest (http://www.Pinterest.com/FaureciaNA).
SOURCE DSSI, LLC