Insight Sourcing’s 2023 Year in Review

37%
Firmwide
Growth in 2023
29
New Headcount
in 2023
1009
Procurement & Sourcing
Projects Completed in 2023
439
# of Firmwide Clients
Served in 2023

The Leaders in Direct & Indirect Category Excellence

Strategic Sourcing & Procurement continues to be the core competency of Insight Sourcing. In 2023, our team executed 1009 strategic sourcing & procurement projects across hundreds of unique categories and achieved over $1.5 billion in total contracted client savings.

Here are the top category areas we sourced for clients over the past year.

Top Category Areas Sourced in 2023

  • 1 – Direct Materials
  • 2 – Equipment, Engineering & Construction
  • 3 – Logistics & Transportation
  • 4 – Information Technology
  • 5 – Packaging
  • 6 – Clinical Services
  • 7 – Marketing

$1,500,000,000+
Total Contracted Client Savings in 2023

2023 Awards & Accolades

Forbes 2023 Americas Best Management Consulting Firms Logo

8th Consecutive Year
Forbes List of America’s Best
Management Consulting Firms

WPA23 Best Project Shortlisted Badge

Shortlisted
World Procurement Awards
Best Procurement Consultancy Project

2023 Vault Logo

10th Consecutive Year
Vault’s List of Top 50
Consulting Firms

Supplier Diversity Practice

Insight Sourcing helps clients build and manage world-class Supplier Diversity programs. We partner with clients to develop an inclusive procurement strategy to widen the pool of potential suppliers and promote competition in the supply base, which can improve product quality, enable innovation, and drive down costs.

$70B

Spend Prioritized for
Diversity Impact

92

# of Corporate Supplier
Diversity Programs Supported

130%

Average Increase in Client’s
Supplier Diversity Spending

Insight Sourcing and Apollo Global Management Partnership

Insight Sourcing is particularly proud of our partnership with Apollo Global Management, helping their Apollo Funds’ Private Equity Portfolio Achieve its $1 Billion target 18 months ahead of schedule, and shifting the goalposts to a $2 Billion target by the end of 2025.

Insight Energy delivers customized energy and sustainability solutions that reduce costs, manage risk and improve competitive position

$11B

Client Energy
Spend Under Management

209

Energy & Sustainability
Clients in 2023

93%

Client
Retention Rate

61

*Net Promoter
Score

*Benchmark: In the utilities sector as a whole, the average Net Promoter Score (NPS) is 58. (Source: CustomerGuage Benchmarks Report, https://customergauge.com/benchmarks/industry/other/utilities)

Insight Sourcing is proud to sponsor the Witness to War Foundation, a non-profit 501(c)(3) dedicated to preserving the stories of individual combat veterans. The Foundation focuses on the ‘foxhole’ or ‘windshield’ view of combat as seen by the soldiers, sailors, and airmen who experienced it. It is about the fear, the emotions, the training, and the previously untapped wells of personal courage that enabled ordinary individuals to survive, and in some cases thrive, under extraordinary pressures and almost unimaginable danger.

3,400+

Veterans
Interviewed

9,300+

Stories of Service
Now Available Online

Witness To War Adds 4 New Board Members

The Witness to War Foundation announced the addition of four new board members in 2023. The new board members include; General Dan Allyn (Army), Lieutenant Colonel John Phillips (Army), Sean Naylor (Journalist), and Lieutenant General Brad Webb (Air Force). If you would like to learn more about any of these individuals, their full bios can be found by clicking the button below.