Spend Management Partners Expands Spend Optimization Categories to Include Retirement Benefits Announces the Addition of Edward G. Siddell as Practice Leader

Online, February 8, 2012 (Newswire.com) - Edward G. Siddell, Practice Leader, joins SMP after 25 years in the Retirement Benefits industry. His tenure compliments SMP's reputation of a Practice Leader roster of the best and brightest in market.

Tom Glaser, Managing Partner, comments, "What companies are charged by Retirement Benefit providers is all over the map. SMP's purpose is to uncover opportunities in spend categories characterized by inefficient price/cost structures. In this category, like all categories, we review and analyze companies' current provider relationship versus competitors and best in market, then validate and co-pilot implementation of adjustments."

Ed Siddell, Practice Leader, says, "Our work in this area is supported by the US Labor Departments interest in plan administrators and investment companies to disclose the cost of 401K plans. The fee disclosure regulations may very well turn out to be the most important change in the history of the 401K plan."

About SMP

SMP drives cash flow and cash flow productivity for clients by optimizing service and supplier relationships within Core Services and Corporate Services areas of indirect cost. SMP's purpose is to uncover opportunities in spend categories characterized by inefficient contract structures.

Spend Management Partners is leading the next generation in service and supplier centric displine.

From whom do you buy?-Service/Supplier Awareness-risk mitigation documentation, and compliance.

What do you buy and why?-Service/Product Rationalization, demand management.

What are you paying and TCO? Contract Optimization of price, service level, terms and conditions.

What are you getting?-Relationship to Partnership.

How do you manage contracts?-Automated contract mamagement.

Spend Management represents clients in the Services, Manufacturing, Healthcare, Financial, Banking, Real Estate, Consumer Products, Education and Non-Profit Industries. The Spend Management Partners team consists of accomplished veterans and seasoned executives in procurement, vendor supplier, category expertise, project management sales, as well as marketing and operations from diverse backgrounds.

To learn more about how SMP can help your company drive cash flow, visit www.spendmanagementpartners.com or call 812-932-6220.