CUSTOMERS /
Versalift | Time Manufacturing
Leading Industrial Manufacturer Achieved Multi-Million Dollar Savings and Accelerated Sourcing Cycles with AI-Powered Platform
By unifying a fragmented procurement process, LightSource helped Time Manufacturing achieve over $5M in awarded savings.
Savings awarded to date
$5M+
Sourcing projects managed
215+
Direct materials parts sourced
2,500+
// SUMMARY
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.
// CHALLENGE
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.
// SOLUTION
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.
// RESULTS
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.
// SUMMARY
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.
// CHALLENGE
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.
// SOLUTION
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.
// RESULTS
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.
// SUMMARY
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.
// CHALLENGE
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.
// SOLUTION
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.
// RESULTS
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.
Faster sourcing. Lower cost. Less chaos.
Try out LightSource and you’ll never go back to Excel and email.
Faster sourcing. Lower cost. Less chaos.
Try out LightSource and you’ll never go back to Excel and email.
Faster sourcing. Lower cost. Less chaos.
Try out LightSource and you’ll never go back to Excel and email.
Read more
Aramsco Accelerated Procurement Cycles and Unlocked Seven-Figure Savings with LightSource
Leading Industrial Manufacturer Achieved Multi-Million Dollar Savings and Accelerated Sourcing Cycles with AI-Powered Platform
Specialty Chemicals Leader Arxada Leverages LightSource to Drive Process Efficiency, Impact, and Cost Control in Tail Spend Chemicals Sourcing.
Read more
Aramsco Accelerated Procurement Cycles and Unlocked Seven-Figure Savings with LightSource
Leading Industrial Manufacturer Achieved Multi-Million Dollar Savings and Accelerated Sourcing Cycles with AI-Powered Platform
Specialty Chemicals Leader Arxada Leverages LightSource to Drive Process Efficiency, Impact, and Cost Control in Tail Spend Chemicals Sourcing.
Read more
Aramsco Accelerated Procurement Cycles and Unlocked Seven-Figure Savings with LightSource
Leading Industrial Manufacturer Achieved Multi-Million Dollar Savings and Accelerated Sourcing Cycles with AI-Powered Platform
Specialty Chemicals Leader Arxada Leverages LightSource to Drive Process Efficiency, Impact, and Cost Control in Tail Spend Chemicals Sourcing.
Trusted by:
Trusted by:
Trusted by: