Insight Sourcing Group's Annual Year-in-Review Highlights Accomplishments of 2022
Insight Sourcing Group, North America's leading consulting firm focused exclusively on strategic sourcing and procurement-related services, has published its annual year-in-review report, highlighting the firm's numerous successes celebrated over the course of an impressive milestone year. In 2022, Insight Sourcing Group marked its 20th year in business.
Among the statistics, Insight Sourcing Group proudly announced 20 percent firmwide growth in 2022, with 84 new team members added, of whom 23 joined as part of an acquisition. The team drove more than $1.2 billion in contracted savings for the 243 clients served firmwide over the course of the year, completing 1,199 procurement and sourcing projects in 2022.
Insight Sourcing Group has registered growth every year since its founding in 2002, resulting in recognition by Consulting Magazine which listed the firm as #24 on their list of Fastest-Growing Private Companies for 2022.
Other notable awards for the year include Insight Sourcing Group's 7th consecutive year on Forbes's list of America's Best Management Consulting Firms, and its 15th consecutive year on Atlanta Business Chronicle's list of Best Places to Work in Atlanta.
In 2022, the firm's supplier diversity practice, which helps clients build and manage world-class supplier diversity programs, achieved an $18 billion spend prioritized for diversity impact, supported 78 corporate supplier diversity programs, and increased each client's supplier diversity investment by an average of 2.4 times.
Over the course of the year, the Insight Energy initiative, which delivers customized energy and sustainability solutions that reduce costs, manage risk, and improve competitive position, realized an $8 billion client energy spend under management for 245 energy and sustainability clients, and an impressive 94 percent client retention rate. The year also marked Insight Sourcing Group's public commitment to a goal of 100 percent renewable energy by 2030.
SpendHQ, the market-leading spend intelligence platform founded by Insight Sourcing Group, also grew rapidly in 2022, with more than $1 trillion of spend data analyzed for 80,000 procurement performance management projects and 450 clients. SpendHQ was listed in Spend Matters' 2022 list 50 Providers to Know and was a Spend Matters Value Leader.
For more information on the firm's 2022 year in review, view the report: https://insightsourcing.biz/3D7jUSX
About Insight Sourcing Group
Insight Sourcing Group is the premier firm in North America exclusively focused on procurement optimization and Procurement Value Creation™. Founded in 2002, Insight Sourcing Group's capabilities are designed to accelerate impact through the expertise of its 250+ procurement experts, its market-leading Category Center-of-Excellence model, and practices specializing in Advanced Analytics, Private Equity, Supplier Diversity and Energy Management & Sustainability. For 20 years, its deep bench of sourcing and category experts has executed over 7,000 sourcing projects, and within the last year alone, they have achieved over $2 billion in savings for clients with an average 7:1 one-year ROI. To learn more, visit insightsourcing.com.
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