Proactis, the global spend management experts, today announced that American retailer, Lids Inc., has selected Proactis Sourcing Managed Services to identify and engage with new suppliers.
Lids Inc. is an American retailer specialising in athletic headwear. It primarily operates under the LIDS brand with stores in the U.S., Puerto Rico and Canada. The majority of the stores operate in shopping malls and factory outlet centres.
Sourcing is currently performed through a traditional, manual RFP (Request for Proposal) process. The Procurement team identifies a certain number of suppliers and negotiates directly with them. The team then evaluates the best quote and awards the job. It is a very resource-intensive, time-consuming process.
Proactis Holdings Plc (LON:PHD) develops and sells business software, and provides installation and related support services in Europe and the United States. The company offers Spend Control and eProcurement solutions that help organizations to improve operational and financial performance by enhancing the way they buy various goods and services.