Time Manufacturing, a global industrial manufacturing leader, has a history of innovation and wanted to take that same thinking to their procurement process and how they interact with their suppliers. 

Their reliance on Excel and email for managing complex RFQs and supplier interactions resulted in significant inefficiencies and a fragmented view of critical data, particularly for their highly customizable product lines. 

Recognizing the need for a modern, dedicated solution, TMC's Global Director of Strategic Sourcing, Nico Orduz, championed the adoption of LightSource.

LightSource became the central hub for TMC's strategic sourcing, revolutionizing their RFQ processes and providing a unified platform for supplier engagement.

By moving away from manual methods, TMC's team gained enhanced visibility and control over their sourcing projects, leading to more data-driven decisions. 

This strategic shift enabled them to reinvest in growth and products to better serve procurement managers, fleet managers, and operators. 

❝ Spencer has been a great partner in our transition to a Global Procurement Organization. The whole team has been incredibly helpful and supportive on our journey.❞

Nico Orduz, Global Director of Strategic Sourcing More about Nico: Highly experienced strategic sourcing professional with a strong track record of leadership in procurement and supply chain management, focused on optimizing complex business processes and implementing change management strategies within procurement. Expertise encompasses key areas crucial for procurement, including cost savings, project management, RFP processes, supplier relationship management, and risk management. Proven ability to assess and improve supply chain operations, develop long-term productive relationships with suppliers, and ensure compliance.

Delivering Measurable Results with LightSource

What Challenges did TMC have before LightSource?

Time Manufacturing Company (TMC), faced significant challenges in its strategic sourcing operations. Their existing processes were highly manual, relying heavily on spreadsheets and email, which led to inefficiencies, and a lack of centralized data.

There was no centralized platform to manage sourcing projects, track bill of materials (BOM) costs, or efficiently collect and compare quotes from suppliers.

Due to the highly customizable nature of their products, traditional BOM costing functionality was not easily adaptable.

Why did TMC Choose LightSource?

LightSource provided TMC's strategic sourcing team with a purpose-built, AI-powered platform that transformed their RFQ processes and centralized critical sourcing data.

LightSource served as the primary RFQ tool, allowing TMC to efficiently solicit and manage quotations from suppliers, facilitating better communication and collaboration.

The platform enabled more informed decisions by providing a centralized hub for sourcing data and facilitating bid analysis.

By automating many manual aspects of procurement, LightSource reduced the time spent on non-value-added tasks, speeding up sourcing cycles.

How did LightSource Provide Results & ROI?

Through its partnership with LightSource, TMC achieved significant financial benefits and operational efficiencies.

The collaboration with LightSource led to the identification of over $10 million in potential savings, and over $5 million in awarded savings.

This empowered reinvestments in both growth and product, allowing TMC to better serve their internal teams and production ecosystem.

TMC also experienced rapid adoption within LightSource; users quickly saw the value and embraced the platform. LightSource has been used for over 200 sourcing projects, involving more than 2,500 total items.

Future State with LightSource

The partnership between TMC and LightSource has fostered a positive digital transformation within their global procurement teams. 

TMC continues to explore deeper integrations with their ERP systems to further streamline data flow and gain more insights. 

The focus remains on leveraging LightSource's capabilities to drive even greater efficiency and strategic value from their sourcing efforts, ensuring they remain at the forefront of procurement innovation.