LogicSource Drives Pep Boys’ Expansion by Optimizing Leading Automotive Chain’s Sourcing and Procurement
Norwalk, CT (PRWEB) September 17, 2014 -- LogicSource, a leading sourcing and procurement services firm, today announced a multi-year partnership with The Pep Boys – Manny, Moe & Jack (NYSE: “PBY”), the nation's leading automotive aftermarket service and retail chain. LogicSource will provide on-site resources and access to shared service subject matter experts, optimizing Pep Boys’ strategic sourcing and procurement processes and reducing Pep Boys’ costs and time to market. The process improvements and costs savings will support Pep Boys’ “Road Ahead” expansion strategy.
“By building more efficient sourcing and procurement processes and delivering dramatic cost savings for Pep Boys, we can reduce time to market and free up resources that can be invested back into Pep Boys’ ‘Road Ahead’ strategy,” said David Pennino, President and CEO at LogicSource. “Through our rare blend of strategy, automation, and execution, LogicSource created a custom solution to deliver long-term value to Pep Boys, while improving their bottom-line profitability today.”
“LogicSource proved its value immediately by doing the in-depth analytical work up front, providing Pep Boys with a readily deployable solution before we paid a dime,” said Mike Odell, Pep Boys’ President and CEO. “Their invaluable expertise in sourcing and procurement, combined with their considerable leverage with suppliers in our target categories, is vital to optimizing our ‘Road Ahead’ marketing and retail operations, and enables Pep Boys to remain focused on our core competencies,” added Odell.
LogicSource’s industry-leading approach combines strategy, execution, and automation to consistently add value by optimizing processes and delivering cost savings for clients. LogicSource begins each engagement with a significant upfront investment in each client through a Mutual Value Assessment, an unparalleled deep dive into people, processes, systems, and supply chains, resulting in a custom and immediately deployable solution to optimize their spend operations.
About Pep Boys
Since 1921, Pep Boys has been the nation's leading automotive aftermarket chain. With more than 7,500 service bays in 800 locations in 35 states and Puerto Rico, Pep Boys offers name-brand tires; automotive maintenance and repair; parts and expert advice for the Do-It-Yourselfer; commercial auto parts delivery; and fleet maintenance and repair. Customers can find the nearest location by calling 1-800-PEP-BOYS (1-800-737-2697) or by visiting http://www.pepboys.com.
About LogicSource
LogicSource is a leading sourcing and procurement services firm that uniquely combines strategy, execution, and automation to consistently deliver value and savings to clients across an increasing number of industries, including retail, consumer packaged goods, finance, insurance, travel and leisure, non-profit, and healthcare. Headquartered in Norwalk, Connecticut, the rapidly growing company is owned by Bain Capital. For more information, visit http://www.logicsource.com.
John Keaten, [email protected], 212-784-5701, [email protected]
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