Under the five-year agreement, ICG Commerce will provide Universal Packaging with comprehensive procurement services encompassing strategic sourcing, savings implementation, purchase-to-pay transaction processing and invoice reconciliation. Universal Packaging will leverage ICG Commerces integrated procurement infrastructure, which includes deep category sourcing experts and a best-practice-based Buying Center to maximize procurement cost savings, streamline the procure-to-pay process and improve supplier performance. ICG Commerce will also provide a dedicated onsite procurement team to coordinate the seamless delivery of services to Universal Packaging.
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